UN: Gaza faces severe economic decline
Gaza is facing the worst economic crisis in the world, as Israeli occupation has destroyed 92% of commercial establishments since October 2023. Poverty and hunger have significantly increased. The conflict has resulted in the loss of hundreds of thousands of jobs and a 94% decline in agricultural and industrial production, leaving the region entirely dependent on humanitarian aid. It is estimated that the per capita gross domestic product (GDP) will be $212 in 2025, approximately $0.58 per day, with most infrastructure destroyed and residents displaced. The repercussions of this crisis also extend to the West Bank, where reliance on loans is increasing, threatening a further explosion of a larger financial and economic crisis.
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