The Economic Impact of the Conflict on Israelis and Palestinians
The Israeli unemployment rate is 5.6%, while the Palestinian unemployment rate in the West Bank is 17.7% and 44% in Gaza.
“Roughly 30,000 Gazans lost jobs because of last summer’s July-August conflict, according to Frode Mauring, the U.N. Development Program’s special representative for Gaza and the West Bank. The war cost Gaza $200 million in economic losses, causing the Palestinian economy to contract for the first time since 2006, the International Monetary Fund said in late January.”
The sharp rise in Palestinian unemployment is universally viewed as resulting from Israeli policies of closure and movement restrictions. The economic situation in Gaza has been devastated by an air, sea, and land blockade that Israeli officials say was designed to keep Gaza indefinitely on “the brink of collapse.”