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 Q1/18 Q2/18 Q3/18 Q4/18 2020
GDP Annual Growth Rate 5.00
percent
3.4 3.1 3.9 4.1 5.5
GDP 8.00
USD Billion
7.85 7.9 7.95 7.7 8.5
GDP per capita 1997.30
USD
1828 1921 2014 2107 1983
Gross Fixed Capital Formation 434.90
USD million
425 438 421 432 430
Gdp Constant Prices 2053.30
USD Million
2023 2023 2021 2019 1995
Gdp From Agriculture 54.80
USD Million
60.81 62.75 63.51 65.13 70.22
Gdp From Construction 154.50
USD Million
147 147 145 145 137
Gdp From Manufacturing 222.70
USD Million
218 216 215 213 203
Gdp From Mining 7.90
USD Million
6.57 7.06 6.51 6.83 6.4
Gdp From Public Administration 254.20
USD Million
252 251 250 249 242
Gdp From Services 425.70
USD Million
414 415 413 411 403
Gdp From Transport 47.70
USD Million
45.64 45.66 44.84 44.63 42.68
Gdp From Utilities 28.70
USD Million
30.73 30.48 30.56 30.76 31.03
LABOUR Actual Q1/18 Q2/18 Q3/18 Q4/18 2020
Unemployment Rate 29.20
percent
26.9 26.4 26.3 26.3 24.9
Population 4.81
Million
4.82 4.85 4.88 4.92 5.16
Unemployed Persons 412800.00
384448 380137 386754 387899 375669
Youth Unemployment Rate 46.90
percent
43.74 43.88 43.8 43.25 42.15
Labor Force Participation Rate 46.50
percent
46.25 45.87 45.92 45.73 45.24
Full Time Employment 975600.00
955898 941496 938990 930277 889320
PRICES Actual Q1/18 Q2/18 Q3/18 Q4/18 2020
Inflation Rate -0.02
percent
2.3 2.6 1.1 2.5 1.5
Producer Prices 99.48
Index Points
102 102 102 102 102
Producer Prices Change -2.70
percent
-0.56 0.43 0.89 1.11 1.35
Food Inflation -2.22
percent
-1.41 -0.91 -0.41 0.01 2.72
Consumer Price Index Cpi 110.50
Index Points
110 110 110 110 109
CPI Transportation 101.00
Index Points
101 101 101 101 100
TRADE Actual Q1/18 Q2/18 Q3/18 Q4/18 2020
Balance of Trade -348.40
USD Million
-340 -331 -324 -317 -270
Exports 93.00
USD Million
87.14 86.24 85.5 84.8 77.53
Imports 441.40
USD Million
429 421 413 406 347
Current Account -443.70
USD Million
-473 -494 -508 -520 -563
Current Account to GDP -10.10
percent
-15 -15 -13.79 -16 -18
Terrorism Index 5.55
5.63 5.53 5.43 5.33 4.99
Tourist Arrivals 432.00
Thousand
475 450 425 400 200
Foreign Direct Investment 2551.00
USD Million
2457 2420 2382 2345 2101
GOVERNMENT Actual Q1/18 Q2/18 Q3/18 Q4/18 2020
Government Debt to GDP 18.50
percent
20 20 18.42 20 17
Government Budget 3.30
percent of GDP
1.3 0.88 0.45 0.03 -1.4
Government Spending 561.30
USD million
513 544 521 539 523
BUSINESS Actual Q1/18 Q2/18 Q3/18 Q4/18 2020
Industrial Production 4.50
percent
1.3 1.72 1.81 1.79 1.78
Internet Speed 5825.85
KBps
5223 5339 5579 4960 3676
IP Addresses 339971.00
IP
342345 340643 338879 336613 315130
Changes In Inventories -2.10
USD million
-24.74 -31.07 -35.8 -39.23 -43.4
HOUSING Actual Q1/18 Q2/18 Q3/18 Q4/18 2020
Building Permits 2184.00
2615 2806 2323 2235 2254
CLIMATE Actual Q1/18 Q2/18 Q3/18 Q4/18 2020
Precipitation 75.26
mm
80.16 6.88 0.1 54.52 36.22
Temperature 12.65
celsius
12.66 21.17 25.87 17.74 19.79