Israel's Economy Dwarfs Palestine's Due to Stability and Fewer Restrictions
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Israel's economy is much larger than Palestine's, with a GDP over 25 times higher and GDP per capita almost 15 times greater.
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Inflation rates between the two have been similar, but Israel's economy has been more stable, with less fluctuation in real GDP growth.
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Unemployment is far higher in Palestine, at over 24%, compared to just 3.5% in Israel.
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Restrictions imposed by Israel severely limit economic activity and growth in Palestine, especially Gaza.
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Downside risks remain high due to potential escalation of conflict, which would further damage the Palestinian economy.