Palestine at A Glance

Population(+5.3 million citizens)
Area6,220 kmĀ²
CapitalJerusalem
Geographical LocationIn Asia in the Eastern Mediterranean Coast
Government StructurePresident: Mahmoud Abbas
Prime Minister: Mohammad Shtayyeh
CurrencyIsrael Shekel (ILS)
No. of Governorates16

Palestine Economic Performance (Main Indicators)

GDP in 2022 ($ million)19.11
GDP Growth in 2022 (Annual %)4
Average Exchange Rates (US Dollar to ILS) in 2022 (ILS)3.359
Average Exchange Rates (US Dollar to ILS) on July 31, 2023 (ILS)3.6645
Annual Inflation Rate (CPI) in 2021 (%) (West Bank and Gaza)1.2
Inflation Rate in July 2023 (%)3.63
Total Reserves (Includes Gold, Current $) in 2022 ($ billion) (West Bank and Gaza)896.9
Foreign Exchange Reserves in May 2023 ($ million) (West Bank and Gaza)594.7
Current Account Balance in 2022 ($ billion) (West Bank and Gaza)-2.865
Net Trade in Goods and Services (BoP, Current $) in 2022 ($ billion) (West Bank and Gaza)-9.33
FDI Net Inflows in 2022 (% of GDP) (West Bank and Gaza)1.2
FDI, Net (BoP, Current $) in 2022 ($ million) (West Bank and Gaza)-246.25
Unemployment, Total (% of Total Labor Force) (Modelled ILO Estimate) in 2022 (West Bank and Gaza)25.7