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The Preliminary Estimates of Quarterly National Accounts (Second Quarter 2011)

2011-09-22

In the 2^nd quarter 2011, the value added of construction activity increased by 23.7 percent in the Palestinian Territory* in comparison with the 1^st quarter. In mining and quarrying, the value added fell by 29.0 percent.

An increase in GDP during the 2^nd quarter 2011 compared to the 1^st quarter 2011

Preliminary estimates at constant prices showed an increase of 7.1 percent in GDP in the Palestinian Territory* during the 2^nd quarter 2011 compared to the 1^st quarter 2011, while estimates showed an increase of 10.6 percent compared to the 2^nd quarter 2010 at constant prices (base year 2004).  In the West Bank,* GDP increased by 7.4 percent during the 2^nd quarter 2011 compared to the 1^st quarter 2011.  In the Gaza Strip, GDP increased by 6.0 percent during the 2^nd quarter 2011 compared to the 1^st quarter 2011.  GDP for the 2^nd quarter 2011 at constant prices in the Palestinian Territory* was US$ 1,598 million, of which US$ 1,172 million was for the West Bank* and US$ 426 million for the Gaza Strip.

Gross Domestic Product Per Capita

GDP per Capita for the Palestinian Territory* was US$ 409 during the 2^nd quarter 2011, an increase of 6.3 percent compared to the 1^st quarter 2011 and an increase of 7.4 percent compared with the 2^nd quarter 2010.

Performance of Main Economic Activities during 2^nd Quarter 2011 in the Palestinian Territory.

First: There was an increase in the gross value added for the following economic activities:

The gross value added for Mining, Manufacturing, Water and Electricity activities increased during the 2^nd quarter 2011 compared to the 1^st quarter 2011 by 6.5 percent and increased by 16.6 percent compared to the 2^nd quarter 2010.

The gross value added for Public Administration and Defense activities increasedby 1.9 percent during the 2^nd quarter 2011 compared to the 1^st quarter 2011 and increased by 14.7 percent compared to the 2^nd quarter 2010.

The gross value added for Construction activities increased by 23.7 percent during the 2^nd quarter 2011 compared to the 1^st quarter 2011 and increased by 33.0 percent compared to the 2^nd quarter 2010.

The gross value added for Wholesale and Retail Trade activity increased by 7.9 percent during the 2^nd quarter 2011 compared to the 1^st quarter 2011 and increased by 7.3 percent compared to the 2^nd quarter 2010.

The gross value added for Transport, Storage and Communications activities increased by 8.4 percent during the 2^nd quarter 2011 compared to the 1^st quarter 2011 and increased by 5.5 percent compared to the 2^nd quarter 2010.

The gross value added for Agriculture and Fishing activity increased by 2.9 percent during the 2^nd quarter 2011 compared to the 1^st quarter 2011 and increased by 2.4 percent compared to the 2^nd quarter 2010. 

The gross value added for Education activity increased by 7.3 percent during the 2^nd quarter 2011 compared to the 1^st quarter 2011 and increased by 12.7 percent compared to the 2^nd quarter 2010.

Second: There was a decrease in gross value added for the following economic activities: 

The gross value added for Real Estate, Rental and Business Services activities decreased by 2.4 percent during the 2nd quarter 2011 compared to the 1st quarter 2011 and increased by 3.8 percent compared to the 2nd quarter 2010.