Ramallah: Official data released on Sunday showed that the Palestinian economy grew by 4% in 2025 compared to the previous year, but remained approximately 20% lower than in 2023, the year when the Israeli war on Gaza began in late 2023. The Palestinian Central Bureau of Statistics reported that the economy grew by 3% in the fourth quarter of 2025 compared with the same quarter in 2024.
According to Palestine News and Information Agency - WAFA, the bureau attributed the growth in the fourth quarter to increases in several economic activities, including services, which rose by 11%, information and communications by 12%, and industry by 6%. Conversely, several sectors recorded declines, including transport and storage, down 11%; construction, down 10%; finance and insurance, down 5%; and agriculture, forestry, and fishing, down 4%.
The gross domestic product (GDP) during the fourth quarter of 2025 reached approximately $3.039 billion in the West Bank, compared with $176 million in the Gaza Strip. Regarding per capita GDP, the data showed a slight increase to $596 at constant prices during the fourth quarter of 2025, marking a 1% rise compared with the same period in 2024.
