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    Home»Politics»What’s the impact of the war on Gaza on the Palestinian economy? | Israel-Palestine conflict
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    What’s the impact of the war on Gaza on the Palestinian economy? | Israel-Palestine conflict

    November 18, 20231 Min Read
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    What’s the impact of the war on Gaza on the Palestinian economy? | Israel-Palestine conflict
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    UN warns the war on Gaza could set back development in the Palestinian territories by more than a decade.

    The Palestinian territories are dependent on Israel for their labour and goods markets and for basic services like water and electricity.

    They are locked in a cycle of underdevelopment caused by decades of Israeli restrictions and occupation.

    Palestinian GDP stood at just over $20bn last year. By comparison, Israel’s economy is worth nearly $500bn.

    The UN says the war on Gaza could set back development by as much as 16 years.

    We look at the high cost of the Israel-Gaza war.

    Plus, how is Lebanon’s economy being affected by the spillover of the conflict?



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