estruction
of much capital plant and administrative structure, widespread
business closures, and a sharp drop in GDP. Including Gaza Strip,
the UN estimates that more than 100,000 Palestinians out of the
125,000 who used to work in Israel, in Israeli settlements, or in
joint industrial zones have lost their jobs. In addition, about
80,000 Palestinian workers inside the Territories are losing their
jobs. International aid of $2 billion in 2001-02 to the West Bank
and Gaza Strip prevented the complete collapse of the economy. In
2004, on-going border issues and the death of Yasser ARAFAT
continued to complicate the economic situation.

GDP:
purchasing power parity - $1.7 billion (2002 est.)

GDP - real growth rate:
-22% (2002 est.)

GDP - per capita:
purchasing power parity - $800 (2002 est.)

GDP - composition by sector:
agriculture: 9%
industry: 28%
services: 63%
note: includes Gaza Strip (1999 est.)

Population below poverty line:
60% (2003 est.)

Household income or consumption by percentage share:
lowest 10%: NA
highest 10%: NA

Inflation rate (consumer prices):
2.2% (includes Gaza Strip) (2001 est.)

Labor force:
NA

Labor force - by occupation:
agriculture 13%, industry 21%, services 66% (1996)

Unemployment rate:
50% (includes Gaza Strip) (2002 est.)

Budget:
revenues: $676.6 million
expenditures: $1.155 billion, including capital expenditures of NA
(includes Gaza Strip) (2003 est.)

Agriculture - products:
olives, citrus, vegetables; beef, dairy products

Industries:
generally small family businesses that produce cement, textiles,
soap, olive-wood carvings, and mother-of-pearl souvenirs; the
Israelis have established some small-scale, modern industries in the
settlements and industrial centers

Industrial production growth rate:
NA

Electricity - production:
NA kWh; note - most electricity imported from Israel; East
Jerusalem Electric Company buys and distributes electricity to
Palestinians in East Jerusalem and its concession in the West Bank;
the Israel Electric Company directly supplies electricity to most
Jewish residents and military facilities; some Palestinian
municipalities, such as Nablus and Janin, generate their own
electricity from small power plants

Electricity - consumption:
NA kWh

Electricity - imports:
NA kWh

Exports:
$603 million f.o.b., includes Gaza Strip

Exports