Company Lookup
عربي
Download Demo
 

Market News

This Month News

This Month News

send to a friend by email

Economic Forecasts for 2016

2015-12-30

These forecasts were developed by the Palestinian Central Bureau of Statistics PCBS based on various scenarios for Palestine, which do not differentiate the West Bank from the Gaza Strip despite the gap between them, and in consultation with local economists, the Ministry of Finance and the Palestinian Monetary Authority. Each scenario took into consideration internal political and economic circumstances for 2016, the blockade imposed upon the Gaza Strip, foreign aid, Israeli measures in Palestine, the number of Palestinian workers in Israel, and economic and social variables.

 

1.       Baseline Scenario

 

This scenario is based on the assumption that the economic and political situation in Palestine will remain the same as it was during 2015.  It assumes that donor countries will continue to provide financial support for the budget of the State of Palestine (central government).  It assumes the continuation of transfer clearance revenues from Israel and improved tax collection efficiency, an increase of government transfers, increased the value of the credit facilities.  It assumes that the number of public sector employees will remain constant.  It assumes that obstacles placed by Israel on the movement of people and goods inside Palestine, between regions, or with neighboring countries, will be the same as in 2015, in addition to natural population growth in Palestine.

 

 

Expectations of Base Scenario

                                        

Real Sector:

Gross Domestic Product (GDP): It is expected to increase by 3.8% in 2016; the value of GDP per capita is also expected  to increase by 0.9%, and the value of gross consumption (private and public) is expected to increase by 3.3%.  The value of total investment is expected to increase by 3.2%.

                     

Work and Workers: An increase of 7.7% in the number of employees is anticipated and the unemployment rate is expected to reach 25.0% in 2016.

 

Fiscal Sector:

A 4.6% increase in the value of government revenues is anticipated as a result of improvements in tax collection, an increase in the value of government expenses by 1.7%, and a decrease of 3.5% of the public budget deficit (central government).

 

External Sector:

A decrease of 0.6% is anticipated in the net current account deficit value of Palestine and an increase of 1.9% in the trade balance deficit value.  This is attributed to the expected rise in the value of Palestinian imports by 3.9%, with an increase in value of Palestinian exports by 7.4%, increases in net factor income value by 7.7%, increases in gross national income value and in gross national disposable income by 4.2%, 3.9% respectively.

 

2.       Optimistic Scenario

 

This scenario is based on an improved political and economic situation due to greater political reconciliation between West Bank and Gaza Strip, the reconstruction of Gaza Strip, and assistance provided by donor countries to finance the budget of the State of Palestine (central government) increased by 6.0% compared to 2015.  It also assumes uninterrupted transfer of clearance revenues and improved tax collection efficiency, with more income tax revenues, domestic value-added tax, and clearance value added tax by 6.0% and 13.0%, respectively, increased development expenditure by 61.4%, and increased government transfers by 5.0%.  It also assumes that obstacles placed by Israel on the movement of people and goods inside Palestine, between regions, or with neighboring countries reduced compared with 2015, plus natural population growth in Palestine.

 

 

Expectations of the Optimistic Scenario

 

Real Sector:

Gross Domestic Product (GDP): It is anticipated to increase by 7.0% during 2016 and GDP per capita will increase by 4.0%.  It also assumes that gross consumption value (private and public) will increase by 4.8% and the value of total investments will increase by 14.8%.

                     

Work and Workers: An increase of 11.6% in the number of employees is anticipated and the unemployment rate is expected to decrease to 23.1% during 2016.

                           

Fiscal Sector:

An increase in the value of government revenues of 13.4% is anticipated, an increase in the value of government expenses of 9.8%, and an increase in the public budget deficit value (central government) of 3.5%.

 

External Sector:

A decrease of 17.2% in the net current account deficit value of Palestine is anticipated and an increase of 4.1% in the trade balance deficit value, due to the increasing the value of Palestinian imports by 6.4%.  The value of net factor income is expected to increase by 24.9%, which will reflect directly on the net current account deficit value due to the increasing number of workers in Israel as a result of the assumption of freedom of movement of people and goods in Palestine.  This would increase gross national income value by 8.6%, and gross national disposable income value by 9.7%.

 

3.          Pessimistic Scenario   

This scenario accounts for the deterioration in the volatile political and economic situation and in political reconciliation between West Bank and Gaza Strip.  It assumes reduced aid from donor countries to finance the budget of the State of Palestine (central government), an increase in tax evasion, fluctuations in the transfer of clearance revenues, with a 13.0%  decline in both revenues of the domestic value added tax and clearance value added tax.  It also presumes a decline of income tax revenues by 22.0%, and a drop in value of government transfers by 13.0%.  It assumes that obstacles placed by Israel on the movement of people and goods inside Palestine, between regions, or with neighboring countries will increase and the number of workers in Israel will decrease as the result of closures and a halt to negotiations.

 

Expectations of the Pessimistic Scenario

 

Real Sector:

Gross Domestic Product (GDP): GDP is expected to decrease by 2.0% during 2016 and GDP per capita will decrease by 4.8%.  In addition, gross consumption value (private and public) will increase by 2.0% and the value of total investments will decrease by 13.5%.

                     

Work and Workers: The number of Palestinian employees in Israel is anticipated to decrease by 35.6% which will lead to an increase of the unemployment rate to reach 27.5% during 2016.

                        

Fiscal Sector:

Government revenues value are expected to decrease by 6.4% as a result of Israel freezing a proportion of tax revenues, plus an increase in tax evasion, a decrease in the value of government expenses by 11.8%.

 

External Sector:

The net current account deficit value of Palestine is anticipated to increase by 32.0% due to an expected increase of 4.5% in the trade balance deficit value following an increase in the value of Palestinian imports by 0.7% and a decrease in the Palestinian exports of 6.5%.  Net factor income value is expected to decrease by 19.9% assuming that the number of workers in Israel will decrease and constraints imposed within Palestine will increase.  A decrease of 3.6% is anticipated in gross national income value and of 5.0% in the value of gross national disposable income.

 

 

 

 

 

 

 

 


 

2018-02-22
The PEX records average PE of 13.8x and average P/BV of 1.23x

2018-02-21
NSC posts net income of JD0.37 million at the end of 2017

2018-02-21
UCI records net income of $0.68 million at the end of 2017

2018-02-21
TIC proposes 10% cash dividends for the year 2017

2018-02-19
APC reports net income of JD1.20 million at the end of 2017

2018-02-19
PIBC reports net income of $3.91 million at the end of 2017

2018-02-19
PID realizes net loss of JD0.01 million at the end of 2017

2018-02-19
PRICO realizes net loss of JD13.49 million at the end of 2017

2018-02-19
RSR reports net income of JD0.48 million at the end of 2017

2018-02-19
NIC posts net income of $7.70 million at the end of 2017

2018-02-19
NIC posts net income of $7.70 million at the end of 2017

2018-02-19
JCC posts net income of JD0.51 million at the end of 2017

2018-02-19
ABRAJ records net income of $2.25 million at the end of 2017

2018-02-18
WASSEL posts net income of 0.06 million at the end of 2017

2018-02-18
SANAD records net income of $10.05 million at the end of 2017

2018-02-18
BPC records net income of $10.28 million at the end of 2017

2018-02-18
PADICO posts net income of $5.68 million at the end of 2017

2018-02-18
WATANIYA realizes net losses of $6.64 million at the end of 2017

2018-02-18
NCI posts net income of $0.16 million at the end of 2017

2018-02-18
AHC realizes net losses of JD1.52 million at the end of 2017

2018-02-18
AIB posts net income of $6.40 million at the end of 2017

2018-02-18
JPH records net income of $6.18 million at the end of 2017

2018-02-18
AIG posts net income of $3.12 million at the end of 2017

2018-02-18
JREI posts net income of $0.01 million at the end of 2017

2018-02-18
MIC posts net income of $3.26 million at the end of 2017

2018-02-18
LADAEN records net losses of JD0.05 million at the end of 2017

2018-02-18
PIIC records net income of JD5.50 million at the end of 2017

2018-02-18
AZIZA posts net income of JD3.18 million at the end of 2017

2018-02-18
APC proposes 50% cash dividends for the year 2017

2018-02-18
PALTEL recommends 40% cash dividends for the year 2017

2018-02-18
GUI proposes 20% stocks dividends and 10% cash dividends for the year 2017

2018-02-18
NIC proposes 25% stocks dividends and 25% cash dividends for the year 2017

2018-02-18
ELECTROODE proposes 12% cash dividends for the year 2017

2018-02-18
NAPCO proposes 5% cash dividends for the year 2017

2018-02-18
BOP proposes 13.5% cash dividends for the year 2017

2018-02-18
TRUST proposes 50% stocks dividends and 20% cash dividends for the year 2017

2018-02-15
A momentum in the dividends proposals and varied financial performance for the blue-chips

2018-02-15
TNB posts net income of $9.20 million at the end of 2017

2018-02-15
AQARIYA posts net income of JD 0.39 million at the end of 2017

2018-02-15
PALTEL posts net income of JD70.53 million at the end of 2017

2018-02-15
PALAQAR records net income of JD3.77 million at the end of 2017

2018-02-15
GUI records net income of $3.77 million at the end of 2017

2018-02-15
PEC posts net income of $8.64 million at the end of 2017

2018-02-15
GMC posts net income of JD1.78 million at the end of 2017

2018-02-15
TIC records net income of $2.19 million at the end of 2017

2018-02-15
BJP posts net income of JD1.64 million at the end of 2017

2018-02-15
ISBK records net income of $14.53 million at the end of 2017

2018-02-15
PICO reports net income of $4.79 million at the end of 2017

2018-02-13
TRUST records net income of $5.43 million at the year 2017

2018-02-13
PSE reports net income 0.68 million at the year 2017

2018-02-13
BPC proposes 2.7% stocks dividends and 20% cash dividends for the year 2017

2018-02-13
ELECTRODE posts net income JD0.07 million at the year of 2017

2018-02-12
VOIC posts net income of JD6.83 million at the end of 2017

2018-02-11
APIC reports net income of $17.44 million at the end of 2017

2018-02-08
Inactivity state in the market with the approaching end of the disclosures’ period

2018-02-08
VOIC recommends 60% cash dividends for the year 2017

2018-02-07
QUDS posts net income of $11.18 million for the year 2017

2018-02-06
ARAB reports net income of JD0.05 million for the year 2017

2018-02-05
PCMA and JSC signed memorandum of understanding

2018-02-05
BOP proposes distributing 13.5% cash dividends for the year 2017

2018-02-05
Nasdaq and Palestine Exchange sign new market technology agreement

2018-02-05
BOP reports net income of $54.00 million at the end of 2017

2018-02-01
NAPCO records net income of JD0.46 million at the end of 2017

2018-02-01
Several transactions in the PEX and the companies have started their disclosures

 

 

 
Sahem Trading & Investments Company - PEX Member and licensed by PCMA
© All Rights Reserved 2013