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 Q4/17 Q1/18 Q2/18 Q3/18 2020
GDP Annual Growth Rate 1.10 2.8 3.4 3.1 3.8 5.5 percent [+]
GDP 8.00 7.4 8 8 8 8.5 USD Billion [+]
GDP per capita 1997.30 2107 2110 2113 2117 1983 USD [+]
GDP per capita PPP 2465.10 2572 2581 2590 2599 2626 USD [+]
Gross Fixed Capital Formation 434.90 434 425 438 421 430 USD million [+]
Gdp Constant Prices 2053.30 2032 2023 2023 2021 1995 USD Million [+]
Gdp From Agriculture 54.80 60.66 60.81 62.75 63.51 70.22 USD Million [+]
Gdp From Construction 154.50 151 147 147 145 137 USD Million [+]
Gdp From Manufacturing 222.70 219 218 216 215 203 USD Million [+]
Gdp From Mining 7.90 7.42 6.57 7.06 6.51 6.4 USD Million [+]
Gdp From Public Administration 254.20 253 252 251 250 242 USD Million [+]
Gdp From Services 425.70 414 414 415 413 403 USD Million [+]
Gdp From Transport 47.70 46 45.64 45.66 44.84 42.68 USD Million [+]
Gdp From Utilities 28.70 30.47 30.73 30.48 30.56 31.03 USD Million [+]
LABOUR Actual Q4/17 Q1/18 Q2/18 Q3/18 2020
Unemployment Rate 29.00 27 26.9 26.4 25.6 24.9 percent [+]
Population 4.81 4.92 4.94 4.96 4.99 5.16 Million [+]
Unemployed Persons 396400.00 383659 375038 375915 379717 367247 [+]
Youth Unemployment Rate 46.30 42.55 42.94 43.11 42.54 41.69 percent [+]
Labor Force Participation Rate 45.40 45.27 45.25 45.12 45.06 44.5 percent [+]
Full Time Employment 947200.00 937290 935202 925394 920783 875262 [+]
PRICES Actual Q4/17 Q1/18 Q2/18 Q3/18 2020
Inflation Rate -0.14 2 2.3 2.6 2.8 1.5 percent [+]
Producer Prices 103.72 102 104 104 103 102 Index Points [+]
Producer Prices Change 2.40 0.22 1.53 1.54 1.43 1.57 percent [+]
Food Inflation -2.07 -1.22 -0.77 -0.23 0.19 2.51 percent [+]
Consumer Price Index Cpi 111.15 111 111 111 111 110 Index Points [+]
CPI Transportation 100.61 100 100 100 100 100 Index Points [+]
TRADE Actual Q4/17 Q1/18 Q2/18 Q3/18 2020
Balance of Trade -367.80 -344 -335 -327 -320 -277 USD Million [+]
Exports 88.80 86.58 85.85 85.14 84.46 78.9 USD Million [+]
Imports 456.60 433 425 416 409 359 USD Million [+]
Current Account -467.40 -519 -518 -525 -534 -570 USD Million [+]
Current Account to GDP -13.50 -16 -15 -15 -17.02 -18 percent [+]
Terrorism Index 5.66 5.81 5.77 5.73 5.7 4.96 [+]
Tourist Arrivals 432.00 400 375 350 325 200 Thousand [+]
Foreign Direct Investment 2551.00 2493 2457 2420 2382 2101 USD Million [+]
GOVERNMENT Actual Q4/17 Q1/18 Q2/18 Q3/18 2020
Government Debt to GDP 18.50 19 20 20 18.6 17 percent [+]
Government Budget 0.70 1.35 0.82 0.3 -0.22 -1.86 percent of GDP [+]
Government Spending 561.30 556 513 544 521 523 USD million [+]
BUSINESS Actual Q4/17 Q1/18 Q2/18 Q3/18 2020
Industrial Production 10.77 1.97 1.5 1.8 1.83 1.79 percent [+]
Changes In Inventories -2.10 -16.74 -24.74 -31.07 -35.8 -43.4 USD million [+]
Corruption Index 26.00 27 27 27 27 27 Points [+]
Corruption Rank 107.00 96 97 98 99 99 [+]
HOUSING Actual Q4/17 Q1/18 Q2/18 Q3/18 2020
Building Permits 2184.00 2530 2615 2806 2323 2254 [+]