Primer appraisals of quarterly national records for the principal quarter 2020 demonstrated that Gross Domestic Product (GDP) at steady costs diminished by 4.6% in the West Bank and by 6.1% in the Gaza Strip when contrasted with the final quarter of 2019, today said the Palestinian Central Bureau of Statistics (PCBS).
Assessments at steady costs demonstrated a lessening of 4.9% in Palestine during the first quarter 2020 contrasted with the fourth quarter 2019 at consistent costs, predominantly in Agriculture and fishing by 9%, Mining, Manufacturing, Electricity and Water by 9%, Construction 21%, Information and Communication 5%, Public Administration and Defense by 6%.
Then again, it indicated a decline of 3.4% in GDP in Palestine during the first quarter 2020 contrasted with the first quarter 2019, which bars the occasional impact. Gross domestic product for the first quarter 2020 at steady costs was $3,150 million for the West Bank and $670 million for Gaza Strip.
Gross domestic product per Capita at Palestine at steady costs was $802 during the first quarter 2020, a reduction of 6% contrasted with the fourth quarter 2019, said the PCBS.
With respect to the West Bank it was $1,151 at steady costs, a diminishing by 5%, while for Gaza Strip it was $331, a decline by 7%, during the first quarter 2020 contrasted with the fourth quarter 2019.
It merits referencing that at the main quarter of 2020 the Palestinian government declared a crisis plan in the West Bank as of March 5 after Bethlehem Governorate recorded the primary contamination instances of Covid-19, and followed by government limitations on development among governorates and urban communities on March 22.