The Palestinian Central Bureau of Statistics revealed that the losses of the Palestinian economy for the current year have reached more than $2.5 billion, compared to 2019, due to the repercussions left by the Coronavirus pandemic.
The per capita gross domestic product decreased by 15.6 percent, compared to the previous year, to reach $2.840.3. The first quarter of this year witnessed a decrease in the quantities of industrial production index by 6.17 percent, and the decline continued during the second quarter, reaching more than 2.52 percent.
The consumer price index in Palestine witnessed a decline in price levels during the first three quarters of 2020, and the peak of this decline was during the second quarter, by 1.18 percent, compared to the first quarter of the year.
Inbound tourism spending decreased by 68 percent, compared to 2019, to reach $466 million, while the losses of the inbound tourism sector to Palestine were estimated at about $1.021 billion for the year 2020. In contrast, the unemployment rate in the second quarter was 27 percent; 49 percent in the Gaza Strip and 15 percent in the West Bank.
Source (Al-Sharq Al-Awsat Newspaper, Edited)
