Palestine

  • Key Indicators

    Summary Statistics
    Region: Western Asia
    Surface area (square km): 27009
    Population 2016: 4293313.
    Population density (per square kilometer) 2016: 796.9.
    Capital: Jerusalem.
     
    The Investment Environment in Palestine
    In view of the development of political events and their aftermath, the National Authority opened the investment field in various economic sectors as stipulated in the Palestinian Investment Law No. 1 of 1998 to encourage investment in Palestine. This law is the legislative framework that guarantees Palestinian and non-Palestinian investors the necessary protection and guarantees the investor’s funds and makes it easier for them to make their decisions in this regard. The law includes many incentives and tax exemptions and reductions on income tax. The Investment Encouragement Law encourages the investment of capital in all sectors from all local and foreign companies registered to do business in Palestine.
     

    Indicators

    2013

    2014

    2015

    2016

    Population

     

     

     

     

    Population (Million)

    4.4

    4.6

    4.7

    4.8

    Work

     

     

     

     

    Percentage of Labor Force Participation

    43.6

    45.8

    45.8

    45.8

    Percentage of Employment

    76.6

    73.1

    74.1

    73.1

    Unemployment Rate

    23.4

    26.9

    25.9

    26.9

    Employees by Economic Activity

     

     

     

     

    Agriculture, Fishing and Forestry

    10.5

    10.4

    8.7

    7.4

    Mining, Quarrying and manufacturing

    12.2

    12.6

    13

    13.4

    Building and Construction

    15.6

    15.3

    15.5

    16.5

    Trade, Restaurants and Hotels

    19.6

    20.2

    20.6

    20.9

    Transport, Storage and Communications

    6.4

    5.4

    5.8

    6.3

    Services and other Branches

    35.7

    36.1

    36.4

    35.5

    Total

    100

    100

    100

    100

    Employees by Occupation

     

     

     

     

    Legislators and Senior Management Personnel

    3.6

    3.5

    3.2

    3.1

    Technicians, Specialists, Assistants and Clerks

    26.9

    26.6

    26.8

    27

    Service Workers and Sellers in the Markets

    17.9

    19.4

    19.4

    18.7

    Skilled Workers in Agriculture and Fishing

    6.8

    6.3

    5

    4

    Craftsmen and other Professions

    17.7

    18

    18.5

    19.4

    Machine Operators and Assemblers

    9.7

    9.4

    9.6

    9.8

    Primary Occupations

    17.4

    16.8

    17.5

    18.7

    Total

    100

    100

    100

    100

    The Practical Situation

     

     

     

     

    Percentage of Employers

    6.2

    6.4

    6.2

    6.4

    Percentage of Employees in their Interests

    18.1

    18.9

    18.2

    18.6

    Percentage of Paid Employees

    68.2

    67.7

    68.7

    69.5

    Percentage of Unpaid Family Members

    7.5

    7

    6.9

    5.5

    Total

    100

    100

    100

    100

    Workers by Sector

     

     

     

     

    Public Sector

    23

    22.9

    22

    21.6

    Private Sector

    63.8

    63.4

    64.3

    64.7

    UNRWA

    2

    2

    2

    1.7

    Israel and the Settlements

    11.2

    11.7

    11.7

    12

    Total

    100

    100

    100

    100

    Daily Average wage in NIS *

    73.1

    76.9

    76.9

    76.9

    Average daily wage in NIS *

    80.5

    83.3

    83.2

    85.6

    Poverty and living standards

     

     

     

     

    Average monthly consumption in Jordanian Dinar

    ..

    ..

    ..

     

    Poverty rates among individuals according to monthly consumption patterns

    ..

    ..

    ..

     

    Extreme poverty rates among individuals according to monthly consumption patterns

    ..

    ..

    ..

     

    National Accounts

     

     

     

     

    Gross domestic product (US $ million)

    7477

    7463.4

     

     

    Gross Domestic Product per individual (US $)

    1793.3

    1737.4

     

     

    Real Change in Gross Domestic Product (%)

    0

    0

     

     

    Consumer price index (base year 2010 = 100)

    107.56

    109.42

    111

     

    Foreign Trade

     

     

     

     

    Exports (US $ thousand)

    900617.9

    943717.4

    ..

     

    Imports (US $ thousand)

    5163898

    5683199

    ..

     

    Agriculture

     

     

     

     

     

     

     

     

     

    Total area cultivated in acres

    ..

     

     

     

    Hotels

     

     

     

     

    Number of hotels

    ..

    ..

    ..

     

    Room occupancy rate (%)

    ..

    ..

    ..

     

    Number of hotel guests

    ..

    ..

    ..

     

    Source: State of Palestine, Palestinian Central Bureau of Statistics

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