Gazan society experienced because of the war Israel with Hamas a delay of 20 years at an economic and social level, according to the human development index (HDI) prepared by the United Nations Development Program (UNDP), who estimates that 5% of the population of the Palestinian territory “has been killed or injured” during the conflict.
“If the war lasts eight months, the HDI could reach 0.657, reversing progress to 2004 levels, which is the oldest HDI recorded in the State of Palestine”said the UNDP in a report published this Thursday, and in which it analyzes the impact of the war on the Palestinian economy and its estimates if the conflict lasts a few more months.
In the West Bank“the delay could range between 13 and 16 years”according to its HDI, which takes into account life expectancy, education (literacy rate, gross enrollment rate at different levels and net attendance) and per capita income indicators.
According to the Palestinian Bureau of Statistics, the Palestinian economy is estimated to “lost approximately 8.7% of its gross domestic product (GDP) in 2023″ and it is estimated that “will lose 25.8% in 2024,” the equivalent of US$6.9 billion, compared to the forecasts made before the conflict.
Due to the Israeli bombings, which have decimated the infrastructure and urban fabric of the Strip, “All economic sectors have been seriously affected, including the construction sector, which experienced a drop in 75.2%” throughout the Palestinian territory.
The poverty rate is expected to increase 38.8% to the 60.7% if the war lasts until June, which “it will place a large part of the middle class below the poverty line, a total of 1.86 million more” compared to before the Israeli offensive.
Furthermore, it is estimated that consumption has decreased by 35.6% after six months of war and could reach 38.6% in the ninth month, while the unemployment rate in the West Bank has reached the 46.1% a twenty-one% more than before October 7.
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Source: Gestion
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