The Palestinian Economy Suffers Production Losses of $ 2.3 Billion

  • Jerusalem, Palestine
  • 12 March 2024
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The Palestinian Central Bureau of Statistics revealed that the Palestinian economy suffered production losses estimated at $ 2.3 billion, equivalent to about $ 19 million per day, not including direct losses in property and assets, during the first four months of Israel's war on Gaza, from October 2023 to January 2024.

According to estimates, the production of economic sectors in the West Bank, during the first four months of the war, lost 27 percent, compared to the normal production rate with an estimated loss of $ 1.5 billion. The Gaza Strip lost 86 percent of its natural production, equivalent to $ 810 million, which will negatively affect public revenues in Palestine.

Source (Al-Sharq Al-Awsat Newspaper, Edited)

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