Agriculture > products olives, citrus, vegetables; beef, dairy products
Budget > Expenditures	$2,310,000,000.00		[109th of 165]
Budget > Revenues	$1,149,000,000.00		[125th of 166]
Debt > External	$0.00		[98th of 136]
Economic aid > Recipient	$1,400,000,000.00		[2nd of 134]
Economy > Overview The West Bank - the larger of the two areas comprising the Palestinian Authority (PA) - has experienced a general decline in economic conditions since the second intifada began in September 2000. The downturn has been largely a result of Israeli closure policies - the imposition of closures and access restrictions in response to security concerns in Israel - which disrupted labor and trading relationships. In 2001, and even more severely in 2002, Israeli military measures in PA areas resulted in the destruction of capital, the disruption of administrative structures, and widespread business closures. International aid of at least $1.14 billion to the West Bank and Gaza Strip in 2004 prevented the complete collapse of the economy and allowed some reforms in the government's financial operations. In 2005, high unemployment and limited trade opportunities - due to continued closures both within the West Bank and externally - stymied growth. Israel's and the international community's financial embargo of the PA when HAMAS ran the PA during March 2006 - June 2007 has interrupted the provision of PA social services and the payment of PA salaries. Since June the Fayyad government in the West Bank has restarted salary payments and the provision of services but would be unable to operate absent high levels of international assistance.
Exchange rates new Israeli shekels per US dollar - 4.482 (2004), 4.5541 (2003), 4.7378 (2002), 4.2057 (2001), 4.0773 (2000)
Exports	$301,000,000.00		[156th of 189]
Exports > Commodities olives, fruit, vegetables, limestone
Exports to US	$100,000.00		[204th of 224]
GDP	$1,700,000,000.00		[156th of 203]
GDP (purchasing power parity)	$5,034,000,000.00		[158th of 187]
GDP > Composition by sector > Agriculture	8%		[79th of 146]
GDP > Composition by sector > Industry	13%		[138th of 146]
GDP > Real growth rate	-8%		[168th of 198]
Human Development Index	0.729		[102nd of 178]
Imports	$2,440,000,000.00		[116th of 185]
Inflation rate (consumer prices)	3.6%		[98th of 192]
Population below poverty line	46%		[4th of 46]
Trade balance with US	$0.00		[103rd of 224]

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