Overview
- UNCTAD reports Gaza’s economy contracted about 87 percent across 2023–24, with GDP per capita falling to roughly $161.
- Reconstruction needs in Gaza are estimated to exceed $70 billion, and returning to pre-October 2023 output could take decades even with major aid.
- Across the occupied Palestinian territory, GDP has fallen back to 2010 levels and per capita income to 2003 levels, erasing 22 years of development.
- The report calls for restored fiscal transfers, eased movement and trade restrictions, coordinated international assistance, and proposes an emergency basic income for Gazans.
- Coverage notes the Palestinian Authority says Israel is withholding about $4 billion in tax revenues, and reports describe continued violence during a fragile ceasefire.