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). | |||