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 0.70 1.6 0.9 2.8 3.4 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 436.70 459 423 463 434 458 USD million [+]
Gdp Constant Prices 1999.20 2028 2038 2035 2033 2072 USD million [+]
Gdp From Construction 148.70 143 145 155 148 148 USD million [+]
Gdp From Manufacturing 225.20 224 223 223 222 223 USD million [+]
Gdp From Mining 6.20 7.28 7.11 7.81 7.55 7.54 USD million [+]
Gdp From Public Administration 257.90 262 261 262 262 263 USD million [+]
Gdp From Services 417.20 420 420 412 418 417 USD million [+]
Gdp From Utilities 32.50 31.62 30.98 30.87 31.21 30.93 USD million [+]
LABOUR Actual Q2/17 Q3/17 Q4/17 Q1/18 2020
Unemployment Rate 27.00 27.2 27.5 27 26.9 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 44.30 43.21 42.82 42.8 43.06 42.94 percent [+]
Labor Force Participation Rate 45.80 45.55 45.75 45.66 45.68 45.68 percent [+]
Full Time Employment 965500.00 942454 908910 1001144 964111 1014923 [+]
PRICES Actual Q2/17 Q3/17 Q4/17 Q1/18 2020
Inflation Rate 0.50 0.9 1.3 2 2.3 1.5 percent [+]
Producer Prices 100.72 100 99.68 99.56 99.45 99.14 Index Points [+]
Producer Prices Change 0.30 0.41 0.96 1.19 1.36 1.64 percent [+]
Food Inflation 1.23 0.25 1.18 1.02 1.01 1.03 percent [+]
Consumer Price Index Cpi 111.04 111 111 111 112 113 Index Points [+]
Cpi Transportation 101.48 101 102 102 102 102 Index Points [+]
TRADE Actual Q2/17 Q3/17 Q4/17 Q1/18 2020
Balance of Trade -320.70 -335 -343 -342 -341 -341 USD Million [+]
Exports 84.80 83.91 83.99 83.86 83.92 83.91 USD Million [+]
Imports 405.50 420 424 424 423 423 USD Million [+]
Current Account -302.80 -284 -301 -302 -313 -307 USD Million [+]
Current Account to GDP -13.50 -16 -16 -16 -15 -18 percent [+]
Terrorism Index 5.66 5.15 5.18 5.2 4.99 3.66 [+]
Tourist Arrivals 432.00 454 424 393 372 172 Thousand [+]
Foreign Direct Investment 2578.00 2591 2613 2609 2613 2605 USD Million [+]
GOVERNMENT Actual Q2/17 Q3/17 Q4/17 Q1/18 2020
Government Debt to GDP 18.50 19 19 19 20 17 percent [+]
Government Budget 0.70 2.05 1.89 1.73 1.27 -0.97 percent of GDP [+]
Government Spending 502.40 536 543 549 537 543 USD million [+]
BUSINESS Actual Q2/17 Q3/17 Q4/17 Q1/18 2020
Industrial Production 2.70 3.29 1.58 1.55 1.65 1.69 percent [+]
Changes In Inventories -3.60 -7.71 -5.06 -5 -2.92 -2.31 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 2081.00 2766 2914 2304 2698 2726 [+]