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Gaza Economy Shrinks to One-Sixth of Pre-War Size, UN Report Reveals

The Palestinian economy faces a severe downturn, with Gaza's production plummeting and West Bank unemployment tripling since the Israel-Hamas conflict began.

  • Gaza's economic output has dropped to just over $221 million, a stark decline from over $1.34 billion before the conflict.
  • The conflict has caused over 300,000 job losses in the West Bank, driving unemployment rates up from 12.9% to 32%.
  • More than 41,000 Palestinians and around 40 Israelis have been killed since the war began, according to respective sources.
  • The UN report calls for immediate international intervention to address the humanitarian crisis and support economic recovery.
  • Declining international aid and Israeli withholding of funds have exacerbated the economic strain on Palestinian territories.
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