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(Globes) - Officially reported trade between Israel and the Palestinian Authority (PA) has fallen since 2000 from NIS 10.4 billion at 2002 prices to a projected NIS 5.8 billion in 2002, a 44% decrease. Unreported trade (illegal trade along the seam line) fell by an estimated NIS 2 billion, according to the IDF coordination command for government activities in the territories. Lt. Col. Isaac Gurvich estimated the losses to the Palestinian economy since September 2000 at $4.5 billion. Unemployment in the territories is estimated at 36% in the West Bank and 56% in Gaza. Some 58% in the West Bank and 85% in Gaza live below the poverty line, defined as $2.10 per day. Annual Palestinian per capita GDP has declined from $1,900 before the violence started to $1,300 at the end of 2001, and is expected to fall below $1,000 at the end of 2002. 2002-11-07 00:00:00Full Article
Israel-PA Trade Almost Halved
(Globes) - Officially reported trade between Israel and the Palestinian Authority (PA) has fallen since 2000 from NIS 10.4 billion at 2002 prices to a projected NIS 5.8 billion in 2002, a 44% decrease. Unreported trade (illegal trade along the seam line) fell by an estimated NIS 2 billion, according to the IDF coordination command for government activities in the territories. Lt. Col. Isaac Gurvich estimated the losses to the Palestinian economy since September 2000 at $4.5 billion. Unemployment in the territories is estimated at 36% in the West Bank and 56% in Gaza. Some 58% in the West Bank and 85% in Gaza live below the poverty line, defined as $2.10 per day. Annual Palestinian per capita GDP has declined from $1,900 before the violence started to $1,300 at the end of 2001, and is expected to fall below $1,000 at the end of 2002. 2002-11-07 00:00:00Full Article
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