Economy - overview:
Israeli security controls imposed since the end of the second intifada have degraded economic conditions in the Gaza Strip, the smaller of the two areas comprising the Palestinian territories. Israeli-imposed border closures, which became more restrictive after HAMAS seized control of the territory in June 2007, have resulted in high unemployment, elevated poverty rates, and a sharp contraction of the private sector that had relied primarily on export markets. The population depends on government spending - by both the Palestinian Authority and HAMAS's de facto government - and humanitarian assistance. Changes to Israeli restrictions on imports in 2010 resulted in a rebound in some economic activity, but regular exports from Gaza still are not permitted. Standard-of-living measures remain below levels seen in the mid-1990s.

GDP (purchasing power parity):
see entry for West Bank
[see also: GDP country ranks ]

GDP - real growth rate:
see entry for West Bank
[see also: GDP - real growth rate country ranks ]

GDP - per capita (PPP):
see entry for West Bank
[see also: GDP - per capita country ranks ]

GDP - composition, by end use:
household consumption: 102.8%
[see also: GDP - composition, by end use - household consumption country ranks ]
government consumption: 30.3%
investment in fixed capital: 17.9%
investment in inventories: -4.2%
exports of goods and services: 16.3%
imports of goods and services: -63.1%