Gaza economy

Statistical data show a sharp contraction of 82% in Gaza’s GDP

Sunday-12-January-2025

Recent data from the Palestinian Central Bureau of Statistics has shown a severe contraction in the gross domestic product (GDP) of the Gaza Strip, exceeding 82%, amid the continued Israeli war of extermination for the second consecutive year.

Gaza’s Pre-War Struggles: The impact of genocide on its economy and future prospects

Sunday-6-October-2024

The economy of the Gaza Strip has suffered long-term deterioration due to blockade and marginalization.

World Bank: Residents of the Gaza Strip suffer from 100% poverty and 250% inflation

Thursday-26-September-2024

The World Bank said all the residents of the Gaza Strip suffer from poverty, which amounted to 100%, and an inflation that exceeded 250%, due to the consequences of the ongoing Israeli genocide war for almost a year now.

Cash liquidity shortage in Gaza portends an economic disaster amid calls for opening banks

Saturday-4-May-2024

The Government Media Office (GMO) in the Gaza Strip has warned that cash liquidity shortage following the cessation of cash sources in the Strip portends a major economic and financial catastrophe.

Olive harvest season to kick off in Gaza amid fears of low production

Friday-8-October-2021

The Palestinian farmers in the beleaguered Gaza Strip are getting ready for the olive harvest season which the Ministry of Agriculture has set on October 12 amid calls to delay it in order to enhance the production of olive oil following expectations that this season could be less productive than previous years.

Israel holds 1000 cars for Gaza merchants in its ports

Saturday-31-July-2021

Israel is holding 1000 cars for Gazan auto dealers and the value of which is estimated at $40 million as stated by Ismael Al-Nakhala the head of the Vehicle Importers Association in Gaza on Saturday.

PGFTU warns against Israel’s persistence in closing Gaza crossings

Monday-28-June-2021

The Palestinian General Federation of Trade Unions (PGFTU) has warned that Israel’s continued closure of the Gaza border crossings will lead to a major humanitarian catastrophe and force many factories to shrink or shut down their activities and lay off thousands of workers.

The human and material cost of Israel’s assault on Gaza

Friday-4-June-2021

Israel killed at least 254 Palestinians including 66 children 39 women and 17 elderly people during its 11-day aggression on the Gaza Strip.

PCAS: Gaza suffered $ 1.5 billion loss from blockade

Friday-25-December-2020

The Popular Committee Against the Siege (PCAS) estimated losses due to the continuation of the Israeli blockade on Gaza at about $ 1.5 billion during the year 2020.

In Gaza crowded markets but no real shoppers during Ramadan

Sunday-24-May-2020

As the citizens in the besieged Gaza Strip on Sunday marked the end of the holy month of Ramadan with the Eid al-Fitr festival the health authorities raised the alarm over the dire health situation after 10 coronavirus cases were reported among passengers who arrived recently through the Rafah border crossing.