What’s the impact of the war on Gaza on the Palestinian economy?

5 months ago 167
Counting the Cost

UN warns the war on Gaza could set back development in the Palestinian territories by more than a decade.

The Palestinian territories are dependent on Israel for their labour and goods markets and for basic services like water and electricity.

They are locked in a cycle of underdevelopment caused by decades of Israeli restrictions and occupation.

Palestinian GDP stood at just over $20bn last year. By comparison, Israel’s economy is worth nearly $500bn.

The UN says the war on Gaza could set back development by as much as 16 years.

We look at the high cost of the Israel-Gaza war.

Plus, how is Lebanon’s economy being affected by the spillover of the conflict?

Published On 18 Nov 2023

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