Palestine GDP Growth Rate YoY
Since the Six-Day War in 1967, Israel has held the Palestinian territories (West Bank and Gaza). As a result, the Palestinian economy is reliant on Israel, which controls the flow of commodities and labor as well as the collection of customs taxes. Manufacturing capacity and access to natural resources have been considerably decreased, with services accounting for approximately 83% of GDP, making them the most important sector of the economy. The Palestinian Authority continues to be largely reliant on international assistance to finance the government's revenue and support infrastructure development.
A higher than expected figure should be seen as positive (bullish) for the ILS while a lower than expected figure should be seen as negative (bearish) for the ILS.
