West Bank (Palestine) Economic Statistics and Indicators

23, Sep 2020, EDT. Welcome to the West Bank economic statistics pages provided by the beta version of EconomyWatch.com's Econ Stats database.

Economic Indicators For: West Bank (Palestine) › Change country
National or Regional Currency: ,
Year of data: 2015 › Change year
Number of Indicators Listed:
Full Dataset: From Year 1980 to 2019
Date of Last Update: 17th March 2015
Population: 2,731,052 ; note: approximately 341,400 Israeli settlers live in the West Bank (2012); approximately 196,400 Israeli settlers live in East Jerusalem (2011) (July 2014 est.)
Area: total: 5,860 sq km ; land: 5,640 sq km ; water: 220 sq km ; note: includes West Bank, Latrun Salient, and the northwest quarter of the Dead Sea, but excludes Mt. Scopus; East Jerusalem and Jerusalem No Man's Land are also included only as a means of depicting the entire area occupied by Israel in 1967
Natural Resources: arable land

The West Bank - the larger of the two areas comprising the Palestinian territories - has sustained a moderate rate of economic growth since 2008. Inflows of donor aid and government spending have driven most of the gains, however. Private sector development has been weak. After a multiyear downturn following the start of the second intifada in 2000, overall standard-of-living measures have recovered and now exceed levels seen in the late 1990s. Despite the Palestinian Authority's (PA) successful implementation of economic and security reforms and the easing of some movement and access restrictions by the Israeli Government, Israeli closure policies continue to disrupt labor and trade flows, industrial capacity, and basic commerce, eroding the productive capacity of the West Bank economy. The biggest impediments to economic improvements in the West Bank remain Palestinians' inability to access land and resources in Israeli-controlled areas, import and export restrictions, and a high-cost capital structure. The PA for the foreseeable future will continue to rely heavily on donor aid for its budgetary needs, and West Bank economic activity will depend largely on the PA's ability to attract such aid.

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