Palestine - Economic Forecasts - 2018-2020 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 Q2/18 Q3/18 Q4/18 Q1/19 2020
GDP Annual Growth Rate 5.40
percent
3.1 3.9 4.1 3.9 5.5
GDP 8.00
USD Billion
8.1 8.1 7.7 8.1 8.5
GDP per capita 1997.30
USD
1955 2249 2149 2249 2255
Gross Fixed Capital Formation 654.50
USD million
595 642 681 596 757
Gdp Constant Prices 2643.40
USD Million
2594 2710 2752 2541 3057
Gdp From Agriculture 107.90
USD Million
97.39 96.85 112 94.76 125
Gdp From Construction 236.60
USD Million
217 234 246 214 274
Gdp From Manufacturing 367.10
USD Million
359 381 382 377 425
Gdp From Mining 15.70
USD Million
13.51 14.58 16.34 10.81 18.16
Gdp From Public Administration 480.30
USD Million
506 500 500 525 555
Gdp From Services 689.20
USD Million
713 709 717 714 797
Gdp From Transport 61.80
USD Million
70.58 68.31 64.33 72.42 71.47
Gdp From Utilities 35.50
USD Million
38.28 41.49 36.96 43.43 41.06
LABOUR Actual Q2/18 Q3/18 Q4/18 Q1/19 2020
Unemployment Rate 30.20
percent
26.4 28 26.3 27.8 24.9
Population 4.95
Million
4.85 4.88 4.91 4.94 5.33
Unemployed Persons 404800.00
369276 384469 377518 380698 379700
Youth Unemployment Rate 40.70
percent
43.73 44.09 43.33 43.3 43.49
Labor Force Participation Rate 45.40
percent
44.64 46.32 44.98 46.05 45.53
Full Time Employment 996100.00
1001401 1019190 1024580 1028774 1077011
PRICES Actual Q2/18 Q3/18 Q4/18 Q1/19 2020
Inflation Rate -1.31
percent
0.7 -0.4 1.5 0.1 3.5
Producer Prices 101.62
Index Points
104 101 99.5 101 100
Producer Prices Change 2.10
percent
0.64 0.49 0.5 0.5 0.5
Food Inflation -5.38
percent
1.55 1.49 1.6 5 3.5
Consumer Price Index Cpi 110.52
Index Points
110 111 112 112 119
CPI Transportation 100.87
Index Points
101 100 103 101 108
TRADE Actual Q2/18 Q3/18 Q4/18 Q1/19 2020
Balance of Trade -370.20
USD Million
-362 -358 -358 -358 -358
Exports 94.60
USD Million
91.77 92.51 92.49 92.54 92.53
Imports 464.80
USD Million
454 451 451 451 451
Current Account -303.60
USD Million
-293 -319 -341 -338 -327
Current Account to GDP -10.10
percent
-15 -15 -16 -19 -18
Terrorism Index 5.55
5.53 5.43 5.33 5.28 5.01
Tourist Arrivals 400.00
Thousand
450 425 400 375 200
Foreign Direct Investment 2703.00
USD Million
2718 2709 2691 2669 2370
GOVERNMENT Actual Q2/18 Q3/18 Q4/18 Q1/19 2020
Government Debt to GDP 17.50
percent
20 20 20 18 17
Government Budget 3.30
percent of GDP
1.16 0.79 0.43 0.54 -0.86
Government Spending 619.30
USD million
583 534 645 531 716
BUSINESS Actual Q2/18 Q3/18 Q4/18 Q1/19 2020
Industrial Production -5.70
percent
3.77 2.16 3.17 2.13 2.47
Internet Speed 5825.85
KBps
5583 5750 4867 5373 5368
IP Addresses 339971.00
IP
351704 352896 354788 357136 365626
Changes In Inventories 20.20
USD million
35.74 44.95 44.54 49.44 60.23
HOUSING Actual Q2/18 Q3/18 Q4/18 Q1/19 2020
Building Permits 2585.00
2387 2387 2387 2387 2387
CLIMATE Actual Q2/18 Q3/18 Q4/18 Q1/19 2020
Precipitation 75.26
mm
6.88 0.1 54.52 80.32 36.22
Temperature 12.65
celsius
21.17 25.87 17.74 12.68 19.79