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GDP Up in 2011, says Statistics Bureau.

RAMALLAH, March 20, 2012 (WAFA) ' Preliminary estimates at constant prices showed an increase of 10.7% in Gross Domestic Product (GDP) in the Palestinian Territory in 2011 compared to 2010,a press release by the Palestinian Central Bureau of Statistics (PCBS) said Tuesday.

Preliminary estimates of quarterly national accounts for4th quarter 2011 showedan increase of 2.2% in GDP compared to3rd quarter 2011, and an increase of 11.2% compared to4th quarter 2010. In the West Bank, GDP increased by 2.9% during4th quarter 2011 compared to the 3rd quarter 2011, while in the Gaza Strip, GDP increased by 0.5% during the same period, said PCBS. GDP for4th quarter 2011 at constant prices was $1,203 million for the West Bank and $439 million for the Gaza Strip. GDP per capita for the Palestinian Territory at constant prices increased by 7.4% for the year 2011 compared to2010 and reached $1,614. GDP per capita was $413 during4th quarter 2011, registering an increase of 1.5% compared to3rd quarter 2011, and an increase of 7.9% compared with4th quarter 2010. As for the West Bank, GDP per capita at constant priceswas $509 during4th quarter, showing an increase by 2.2% compared to3rd quarter, and registering an increase of 2.9% compared with4th quarter 2010. In addition, GDP per capita for the Gaza Strip was $273 during4th quarter, showing a decrease by 0.4% compared to3rd quarter, while increasing by 25% compared with4th quarter 2010. R.Q./M.S.

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Publication:Palestine News Agency (WAFA) (Gaza, Palestine)
Date:Mar 20, 2012
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