Great Depression II

The Gaza Strip

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Economy

High population density, limited land and sea access, continuing isolation, and strict internal and external security controls have degraded economic conditions in the Gaza Strip - the smaller of the two areas in the Palestinian Territories. Israeli-imposed crossings closures, which became more restrictive after HAMAS violently took over the territory in June 2007, and fighting between HAMAS and Israel during December 2008-January 2009, resulted in the near collapse of most of the private sector, extremely high unemployment, and high poverty rates. Shortages of goods are met through large-scale humanitarian assistance - led by UNRWA - and the HAMAS-regulated black market tunnel trade that flourishes under the Gaza Strip’s border with Egypt. However, chnages to the blockade in 2010 included moving from a white list - in which only approved items were allowed into Gaza through the crossings - to a black list, where all but non-approved items were allowed into Gaza through the crossings. Israeli authorities have recently signaled that exports from the territory might be possible in the future, but currently regular exports from Gaza are not permitted.
see entry for West Bank
see entry for West Bank
see entry for West Bank
see entry for West Bank
339,000 (2009)
country comparison to the world: See information ranked by country 160
agriculture: 12%
industry: 5%
services: 83% (June 2008)
40% (2010 est.)
country comparison to the world: See information ranked by country 186
40% (2009 est.)
70% (2009 est.)
9.9% (2009 est.)
country comparison to the world: See information ranked by country 199
11.5% (2008)
note: includes West Bank
see entry for West Bank
note: see entry for West Bank
olives, fruit, vegetables, flowers; beef, dairy products
textiles, food processing
see entry for West Bank
65,000 kWh (2009)
country comparison to the world: See information ranked by country 212
202,000 kWh (2009)
country comparison to the world: See information ranked by country 213
0 kWh (2008 est.)
120,000 kWh; note - from Israeli Electric Company (2009)
See entry for West Bank
See entry for West Bank
See entry for West Bank
See entry for West Bank
NA bbl NA bbl
strawberries, carnations
see entry for West Bank
food, consumer goods
note: Israel permits limited imports through crossings with Gaza, but many “dual use” goods, such as construction materials, are smuggled through tunnels beneath Gaza’s border with Egypt
see entry for West Bank
new Israeli shekels (ILS) per US dollar - 3.7461 (2010), 3.9326 (2009), 3.56 (2008), 4.14 (2007), 4.4565 (2006)


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