The Palestinian economy is showing signs of recovery largely due to improved activity in the West Bank, according to a new World Bank report.
However, Gaza still suffers from a particularly difficult economic situation with very high unemployment and deteriorating social conditions. In the current economic context, the outlook is uncertain as sustainable sources of growth remain limited.
The population of the West Bank and Gaza is almost completely Palestinian Arab; Mostly Muslims (92 per cent of West Bankers and 99 per cent of Gazans). The poverty rate in the Gaza Strip has risen to 59 per cent from 43 per cent five years ago due to very high unemployment and deteriorating social conditions.