%
male: NA%
female: NA%
@West Bank:Government
Country name:
conventional long form: none
conventional short form: West Bank
Data code: WE
@West Bank:Economy
Economy - overview: Economic conditions in the West Bank - where
economic activity is governed by the Paris Economic Protocol of April
1994 between Israel and the Palestinian Authority - have deteriorated
since the early 1990s. Real per capita GDP for the West Bank and Gaza
Strip (WBGS) declined 36.1% between 1992 and 1996 owing to the
combined effect of falling aggregate incomes and robust population
growth. The downturn in economic activity was largely the result of
Israeli closure policies - the imposition of generalized border
closures in response to security incidents in Israel - which disrupted
previously established labor and commodity market relationships
between Israel and the WBGS. The most serious negative social effect
of this downturn has been the emergence of chronic unemployment;
average unemployment rates in the WBGS during the 1980s were generally
under 5%; by the mid-1990s this level had risen to over 20%. Since
1997 Israel's use of comprehensive closures has decreased and, in
1998, Israel implemented new policies to reduce the impact of closures
and other security procedures on the movement of Palestinian goods and
labor. In October 1999, Israel permitted the opening of a safe passage
between the West Bank and the Gaza Strip in accordance with the 1995
Interim Agreement. These changes in the conduct of economic activity
have fueled a moderate economic recovery in 1998-99.
GDP: purchasing power parity - $3.3 billion (1999 est.)
GDP - real growth rate: 4.6% (1999 est.)
GDP - per capita: purchasing power parity - $2,050 (1999 est.)
GDP - composition by sector:
agriculture: 33%
industry: 25%
services: 42% (includes Gaza Strip) (1995 est.)
Population below poverty line: NA%
Household income or consumption by percentage share:
lowest 10%: NA%
highest 10%: NA%
Inflation rate (consumer prices): 5% (includes Gaza Strip) (1999 est.)
Labor force: NA
Labor force - by occupation: agriculture 13%, industry 13%, commerce,
restaurants, and hotels 12%, construction 8%, other services 54%
(1996)
Unemployment rate: 14.5% (includes Gaza Strip) (1998 est.)
Budget:
revenues: $1.6 billion
expenditures: $1.73 billion, including capital expenditures of $NA
(includes Gaza Strip) (1999 est.)
Industries: generally small family
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