Archiv: United Nations Conference on Trade and Development (UNCTAD)


01.02.2024 - 22:55 [ United Nations Conference on Trade and Development (UNCTAD) ]

Preliminary assessment of the economic impact of the destruction in Gaza and prospects for economic recovery

The possibility and speed recovery of Gaza depends on the date of ending of the military operation and subsequent growth performance – both remain unknown.

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However, if the 2007–2022 growth trend persists with an average growth rate of 0.4 per cent, it will take Gaza 70 years just to restore the GDP levels of 2022, with GDP per capita continuously and precipitously declining given the population growth rate.

01.02.2024 - 22:36 [ UNCTAD, @UN Conference on Trade and Development / Twitter ]

#Gaza: Unprecedented level of destruction will take tens of billions of dollars and decades to reverse. Even with the end of the military operation and the recent average growth rate of 0.4%, it would take Gaza until 2092 just to restore 2022 GDP levels.