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    Palestine

    Continent
    Asia
    Capital
    Ramallah (administrative); East Jerusalem (claimed)
    Population
    5,385,012 (West Bank 3,243,369; Gaza Strip 2,141,643)
    Sub-Zones
    16
    General Information
    Basic details about Palestine
    Population:
    5,385,012 (West Bank 3,243,369; Gaza Strip 2,141,643)
    Area:
    6,220 sq km (West Bank ~5,860 sq km; Gaza Strip ~360 sq km)
    Currency:
    new Israeli shekels
    Languages:
    Arabic, Hebrew, English
    Economic Overview
    Key economic indicators for Palestine
    GDP:
    $27.446 billion
    GDP per Capita:
    $5,300
    GDP Growth:
    -5.41%
    Inflation:
    5.87%
    Unemployment:
    24.42%
    Public Debt:
    24.4% of GDP
    Political System
    Governance structure of Palestine
    Government Type:
    presidential republic (Palestinian Authority); Gaza under de facto Hamas authority since 2007

    Major Political Parties

    • Not specified
    International Relations
    Global position and alliances
    UN Member:
    No
    EU Member:
    No
    Diplomatic Presence:
    Not specified

    Major Alliances and Organizations

    Economic Sectors & Trade
    Detailed economic breakdown

    Major Economic Sectors

    Agriculture
    5.7% (2022 est.)
    Industry
    17.4% (2022 est.)
    Services
    58.3% (2022 est.)note: figures may not total 100% due to non-allocated consumption not captured in sector-reported data

    Trade Volume

    Exports:
    $3.413 billion
    Imports:
    $11.637 billion

    Major Trading Partners

    Jordan 51
    Turkey 12
    UAE 8
    Saudi Arabia 5
    UK 4

    Economic Outlook

    Palestine has a -5.41% GDP growth rate with 5.87% inflation. The economy is characterized by a strong agriculture sector.