The most significant outputs of economic forecasts based on the assumed scenarios in Palestine for 2017*

 

Macroeconomic indicators 

Base Line Scenario

Optimistic Scenario

Pessimistic Scenario

Value in Million Dollars

Gross Domestic Product (GDP) 

8,311.3

8,561.3

7,871.4

Gross Final consumption 

10,010.2

10,152.9

9,740.6

Gross Capital Formation 

1,837.6

1,859.3

1,579.6

Trade Balance 

-3,536.5

-3,450.9

-3,448.8

Gross Exports 

1,729.8

1,767.3

1,529.4

Gross Imports 

5,266.3

5,218.2

4,978.2

Value Added of Agricultural Activity 

241.5

283.7

190.0

Value Added of Industrial Activity 

936.9

966.7

865.2

Value Added of Construction Activity 

611.9

672.4

506.5

Value Added of Services and Other Items Activity 

5,028.3

5,162.7

4,768.4

Gross National Income 

9,320.6

9,693.4

8,710.1

Gross National Disposable Income

10,242.1

10,707.1

9,447.3

GDP per capita (Dollars)

1,773.6

1,827.0

1,679.8

Real Average Daily Wage per employee (Dollars)

13.9

14.0

13.8

Unemployment Rate (%) 

27.2

25.2

29.9

Percentage Change (%)

Percentage Change in Gross Domestic Product 

3.6

6.7

-1.9

Percentage Change in Gross Final consumption 

3.3

4.7

0.5

Percentage Change in Gross Capital Formation 

8.0

9.2

-7.2

Percentage Change in Trade Balance (dificit)

4.9

2.4

2.3

Percentage Change in Gross Exports 

8.5

10.9

-4.1

Percentage Change in Gross Imports 

6.1

5.1

0.3

Percentage from the GDP (%)

Percentage Value added of GDP in Agricultural Activity 

2.9

3.3

2.4

Percentage Value added of GDP in industrial Activity 

11.3

11.3

11.0

Percentage Value added of GDP in Construction Activity 

7.4

7.9

6.4

Percentage Value added of GDP in Services and Other items Activity

60.5

60.3

60.6


Data excludes those parts of Jerusalem governorate which were annexed by Israel in 1967. 

Data at constant prices with 2004 as the base year

The gross consumption includes net errors and omissions

          Services and Other Items (includes services, an addition to electricity  and Water supply , wholesale and retail trade, transportation and  storage, financial and insurance, information and communications, public administration and defense, and households services).