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The West Bank - the larger of the two areas comprising the Palestinian Authority (PA) - experienced a limited revival of economic activity in 2009 as a result of inflows of donor assistance, the PA's implementation of economic reforms, improved security, and the easing of movement and access restrictions by the Israeli Government. Nevertheless, overall standard-of-living measures remain below those seen prior to the start of the second intifada in 2000. The almost decade-long downturn has been largely a result of Israeli closure policies - a steady increase in Israeli-imposed movement and access restrictions across the West Bank in response to security concerns in Israel - which disrupted labor flows, manufacturing, and commerce, both external and internal. Since 2008, the PA under President Mahmoud ABBAS and Prime Minister Salam FAYYAD have implemented a largely successful campaign of institutional reforms and economic development that has contributed to increased economic performance, supported by more than $3 billion in direct foreign donor assistance to the PA's budget since 2007. An easing of some Israeli restrictions on West Bank movement and access in 2008 and 2009 also contributed to an uptick in retail and entertainment activity in larger cities. The biggest impediments to growth remain lack of access to land and resources in Israeli-controlled areas, import and export restrictions, and a high-cost capital structure. Absent private sector-driven growth, the PA will continue to rely on donor aid for its budgetary needs.
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$12.79 billion (2009 est.)
country comparison to the world: 140
$11.95 billion (2008)
note:
data are in 2009 US dollars
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$6.641 billion (2008 est.)
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7% (2009 est.)
country comparison to the world: 11
2.3% (2008 est.)
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$2,900 (2008 est.)
country comparison to the world: 166
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agriculture: 5%
industry:
14%
services:
81% (includes Gaza Strip) (2008 est.)
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694,000 (2009)
country comparison to the world: 148
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agriculture: 12%
industry:
23%
services:
65% (June 2008)
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19% (2009 est.)
country comparison to the world: 163
17.7% (2008 est.)
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46% (2007 est.)
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lowest 10%: NA%
highest 10%:
NA%
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revenues: $1.63 billion
expenditures:
$3.08 billion
note:
includes Gaza Strip (2009)
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9.9% (2009 est.)
country comparison to the world: 193
11.5% (2008)
note:
data include Gaza Strip
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7.19% (31 December 2008)
country comparison to the world: 118
7.73% (31 December 2006)
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$NA (31 December 2008)
$1.574 billion (31 December 2007)
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$5.251 billion (31 December 2008)
country comparison to the world: 84
$3.048 billion (31 December 2007)
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$1.367 billion (31 December 2008)
country comparison to the world: 106
$368.2 million (31 December 2007)
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$NA (31 December 2009)
country comparison to the world: 93
$2.123 billion (31 December 2008)
$2.475 billion (31 December 2007)
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olives, citrus fruit, vegetables; beef, dairy products
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small-scale manufacturing, quarrying, textiles, soap, olive-wood carvings, and mother-of-pearl souvenirs
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2.4% (includes Gaza Strip) (2005)
country comparison to the world: 50
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500 million kWh
country comparison to the world: 160
note:
most imported electricity is from Israel; Jerusalem District Electric Company buys and distributes electricity to Palestinians in east Jerusalem and its concession in the West Bank; the Israel Electric Company directly supplies electricity to most Jewish residents and military facilities (2007 est.)
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3.265 billion kWh (2007 est.)
country comparison to the world: 122
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0 kWh (2008)
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2.8 billion kWh (2007 est.)
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0 bbl/day (2009 est.)
country comparison to the world: 122
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24,000 bbl/day (2009 est.)
country comparison to the world: 119
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511 bbl/day (2007 est.)
country comparison to the world: 126
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22,150 bbl/day (2007 est.)
country comparison to the world: 109
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NA bbl
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0 cu m (2008 est.)
country comparison to the world: 112
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0 cu m (2008 est.)
country comparison to the world: 163
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0 cu m (2008 est.)
country comparison to the world: 99
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0 cu m (2008 est.)
country comparison to the world: 115
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$529 million (2008)
country comparison to the world: 165
$339 million (2006)
note:
includes Gaza Strip
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stone, olives, fruit, vegetables, limestone
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$3.772 billion (2008)
country comparison to the world: 126
$2.84 billion (2006)
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food, consumer goods, construction materials, petroleum, chemicals
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$1.3 billion (2007 est.)
country comparison to the world: 142
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new Israeli shekels (ILS) per US dollar - 3.93 (2009), 3.56 (2008), 4.14 (2007), 4.4565 (2006), 4.4877 (2005)
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