Palestine | Economic Forecasts | 2017-2020 Outlook

This page has economic forecasts for Palestine including a long-term outlook for the next decades, plus medium-term expectations for the next four quarters and short-term market predictions for the next release affecting the Palestine economy.


GDP Actual Q2/17 Q3/17 Q4/17 Q1/18 2020
GDP Annual Growth Rate 1.30 5.2 6.9 6.7 5.6 5.5 percent [+]
GDP 8.00 7.2 8.06 7.4 8.12 8.5 USD Billion [+]
GDP per capita 1997.30 1955 2052 2149 2170 2249 USD [+]
GDP per capita PPP 2465.10 2463 2517 2572 2581 2626 USD [+]
Gross Fixed Capital Formation 468.00 452 418 460 425 453 USD million [+]
Gdp Constant Prices 1997.30 2041 2050 2045 2049 2096 USD million [+]
Gdp From Construction 166.60 153 153 162 161 159 USD million [+]
Gdp From Manufacturing 226.80 223 223 222 222 222 USD million [+]
Gdp From Mining 7.10 7.89 8.32 8.14 8.23 8.05 USD million [+]
Gdp From Public Administration 261.60 264 264 264 264 266 USD million [+]
Gdp From Services 402.20 415 416 408 411 411 USD million [+]
Gdp From Utilities 29.00 30.38 30.51 30.37 30.48 30.93 USD million [+]
LABOUR Actual Q2/17 Q3/17 Q4/17 Q1/18 2020
Unemployment Rate 27.00 24.3 27.8 27.1 26.97 24.9 percent [+]
Population 4.81 4.85 4.88 4.91 4.94 5.22 Million [+]
Unemployed Persons 369800.00 378663 391355 363535 380303 370045 [+]
Youth Unemployment Rate 41.60 42.41 42.34 42.29 42.36 42.38 percent [+]
Labor Force Participation Rate 45.80 45.55 45.75 45.66 45.68 45.68 percent [+]
Full Time Employment 970100.00 889509 836049 899384 816696 817755 [+]
PRICES Actual Q2/17 Q3/17 Q4/17 Q1/18 2020
Inflation Rate 0.86 1.3 1.7 2 2.3 1.5 percent [+]
Producer Prices 98.08 98.31 98.76 99.01 99.13 99.2 Index Points [+]
Producer Prices Change -1.80 0.15 0.67 0.95 1.15 1.47 percent [+]
Food Inflation 1.23 0.25 1.18 1.02 1.01 1.03 percent [+]
Consumer Price Index Cpi 111.98 112 112 112 113 115 Index Points [+]
Cpi Transportation 101.29 101 101 101 101 101 Index Points [+]
TRADE Actual Q2/17 Q3/17 Q4/17 Q1/18 2020
Balance of Trade -340.70 -343 -346 -345 -344 -345 USD Million [+]
Exports 86.70 83.81 83.87 83.75 83.8 83.8 USD Million [+]
Imports 427.40 426 427 426 426 426 USD Million [+]
Current Account -365.10 -381 -384 -372 -370 -376 USD Million [+]
Current Account to GDP -13.50 -16.08 -15.39 -14.69 -15.47 -18.38 percent [+]
Terrorism Index 5.66 5.15 5.18 5.2 4.99 3.66 [+]
Tourist Arrivals 556.00 574 598 622 621 641 Thousand [+]
Foreign Direct Investment 2588.00 2561 2577 2567 2572 2569 USD Million [+]
GOVERNMENT Actual Q2/17 Q3/17 Q4/17 Q1/18 2020
Government Debt to GDP 20.00 19 19 19 18.18 17 percent [+]
Government Budget 0.70 2.05 1.89 1.73 1.27 -0.97 percent of GDP [+]
Government Spending 585.70 533 550 548 554 549 USD million [+]
BUSINESS Actual Q2/17 Q3/17 Q4/17 Q1/18 2020
Industrial Production 9.50 3.48 1.55 1.46 1.56 1.6 percent [+]
Changes In Inventories -25.00 -26.62 -27.07 -26.61 -27.13 -26.87 USD million [+]
Corruption Index 26.00 27 27 27 27 27 Points [+]
Corruption Rank 107.00 95 95 96 97 99 [+]
HOUSING Actual Q2/17 Q3/17 Q4/17 Q1/18 2020
Building Permits 2592.00 3078 2925 2306 2659 2749 [+]