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Decline in GDP and GDP per capita during 2014; the unemployment rate was 27.0%

2014-12-30

Decline in the Gross Domestic Product (GDP)

Preliminary estimates indicated a decrease in GDP in Palestine by 2.5% during 2014 compared with 2013; GDP per capita has decreased by more than 5% during 2014 compared with 2013. The decrease in 2014 was concentrated in the major economic activities that are the biggest contributors to GDP: the agriculture activity, construction activity, services and other items activity and industrial activity.  Preliminary estimates showed that the highest decrease was in construction, which decreased of around 10% despite an increase of around 3% in the number of employed persons in this activity.  The agricultural activity decreased by more than 7% during 2014 compared with 2013 and the number of employed persons in this activity decreased of around 5%. The services and other items activity in Palestine contributed the most to GDP compared to other activities in comparison with other activities, but preliminary estimates indicated a decline in the value added of around 3%, although the number of employed persons remained stable. The industrial activity is one of the most important economic activities which contributor in GDP and preliminary estimates recorded a decrease of around 1% during 2014 compared with 2013, although the number of employed persons in this activity remained stable.

 

Preliminary estimates of Palestinian labor market indicators

Preliminary estimates indicated that gross of employed persons in Palestinian local labor market was stable during 2014 compared with 2013 despite natural population growth.  This indicates the weak absorptive capacity of the local labor market.  Preliminary estimates indicated that the percentage of Palestinian employees working in Israel remained stable at around 10%. The rise in unemployment rate during 2014 to reach about 27% from about 24% in 2013, which resulted in the rescission in employment rates and absorption of new employees in the labor market and Israel.

 

A decrease in exports and an increase in imports of goods and services during 2014.

Preliminary estimates Palestinian of foreign trade movements, represented in exports and imports, indicated that the value of exports decrease by 1% compared with 2013 and the value of imports increased by more than 2% compared with 2013.

 

Prices

Preliminary estimates, it is expected that the average of overall consumer prices index in Palestine will increase by 2% during 2014 compared with 2013.

 

 


 

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2017-04-25
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2017-04-25
APIC approves distributing 6.06% stock dividends and 6% cash dividends for 2016

2017-04-25
APIC records net income of $3.57 million in Q1 2017

2017-04-23
PEC records net income of $3.60 million in Q1 2017

2017-04-23
TNB approves distributing 5% cash dividends for the year 2016

2017-04-23
Bravo realizes net loss of JD0.13 million in Q1 2017

2017-04-20
Medium liquidity in the quarterly disclosures and dividends distribution seasons

2017-04-20
PEC approves distributing 10% cash dividends for the year 2016

2017-04-19
TNB records net income of $2.77 million in Q1 2017

2017-04-18
BPC approves distributing 20% cash dividends for the year 2016

2017-04-18
VOIC records net income of JD1.07 million for Q1 2017

2017-04-13
Al-Quds Index declines amid anticipation elements’ overlapping

2017-04-13
TRUST approves distributing 15% cash dividends for the year 2016

2017-04-12
JPH proposes 10% cash dividends for the year 2016

2017-04-11
APC records net income of JD0.33 million in Q1 2017

2017-04-11
PIBC proposes 2.35% stocks dividends for the year 2016

2017-04-11
NSC recommends 10% cash dividends for the year 2016

2017-04-11
GUI approves distributing 10% cash dividends for the year 2016

2017-04-10
3G services in 6 months in the West Bank

2017-04-10
BOP approves distributing 2.56% stocks dividends and 10.44% cash dividends for the year 2016

2017-04-10
QUDS proposes distributing 12% stocks dividends for the year 2016

2017-04-06
Dividends approval momentum and a final agreement to run 3G frequencies in the Palestinian markets

2017-04-06
PALTEL approves distributing 40% cash dividends for the year 2016

2017-04-04
PADICO proposes distributing 5% cash dividends for the year 2016

2017-04-03
AIB approves raising its capital to $75 million and distributing 12% cash dividends for the year 2016

2017-04-02
NIC approves 20% cash dividends for the year 2016.

2017-04-02
ISBK approves raising its capital to $69 million and distributing 8.50% cash dividends for the year 2016.

 

 

 
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