:
NA% (male NA%, female NA%)
Labor force:
NA; excluding Israeli Jewish settlers - small industry, commerce, and
business 29.8%, construction 24.2%, agriculture 22.4%, service and other
23.6% (1984)
Organized labor:
NA
:West Bank Government
Long-form name:
none
Note:
The West Bank is currently governed by Israeli military authorities and
Israeli civil administration. It is US policy that the final status of the
West Bank will be determined by negotiations among the concerned parties.
These negotiations will determine how the area is to governed.
:West Bank Economy
Overview:
Economic progress in the West Bank has been hampered by Israeli military
administration and the effects of the Palestinian uprising (intifadah).
Industries using advanced technology or requiring sizable investment have
been discouraged by a lack of local capital and restrictive Israeli
policies. Capital investment consists largely of residential housing, not
productive assets that would enable local firms to compete with Israeli
industry. A major share of GNP is derived from remittances of workers
employed in Israel and Persian Gulf states, but such transfers from the Gulf
dropped dramatically after Iraq invaded Kuwait in August 1990. In the wake
of the Persian Gulf crisis, many Palestinians have returned to the West
Bank, increasing unemployment, and export revenues have plunged because of
the loss of markets in Jordan and the Gulf states. Israeli measures to
curtail the intifadah also have pushed unemployment up and lowered living
standards. The area's economic outlook remains bleak.
GNP:
exchange rate conversion - $1.3 billion, per capita $1,200; real growth rate
-10% (1990 est.)
Inflation rate (consumer prices):
11% (1991 est.)
Unemployment rate:
15% (1990 est.)
Budget:
revenues $31.0 million; expenditures $36.1 million, including capital
expenditures of $NA (FY88)
Exports:
$150 million (f.o.b., 1988 est.)
commodities:
NA
partners:
Jordan, Israel
Imports:
$410 million (c.i.f., 1988 est.)
commodities:
NA
partners:
Jordan, Israel
External debt:
$NA
Industrial production:
growth rate 1% (1989); accounts for about 4% of GNP
Electricity:
power supplied by Israel
Industries:
generally small family businesses that produce cement, textiles, soap,
olive-w
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