The unemployment rate for Gaza is 25%—down from 45.2% the year before. The lowest rate in a decade was reported by the Palestinian Authority’s Central Bureau of Statistics.
In the year 2010, the Israeli government expanded the civilian policy towards the Gaza Strip. Within the last year and a half, the quality of life in Gaza has improved following the recent expansion of activity at Israel-Gaza land crossings; increase in goods transferred to Gaza and promotion of internationally funded projects. Despite these Israeli efforts, the Hamas terrorist organization continued to fire hundreds of rockets from Gaza into Israel.
Gaza’s economy in the second quarter of 2011
- Gaza’s construction sector grew by 4,500 workers
- The commodity in Gaza reached 426 million dollars, an increase of 30.7% compared to the same time period the previous year
- Gaza’s GDP increased by more than 30% from the previous year
The latest developments in Gaza
- In the first nine months of 2011, 4,497 truckloads (on average) entered Gaza on a monthly basis; an increase of 96% compared to last year
- Gaza residents were permitted to export textiles, furniture and agricultural goods
- Approved permits for upgrading six hospitals and constructing seven new clinicals
- Approval of plans to rehabilitate and build 57 new schools and kindergartens
- One-hundred Gaza business men cross daily into Israel, as well as participants in conventions and conferences held outside of Gaza
- Thousands of Palestinians cross the border to receive Israeli medical care
- Palestinians permitted to exit Gaza for religious worship in Israel and abroad