RAMALLAH, October 21, 2009 (WAFA)- Palestinian Central Bureau of Statistics (PCBS) reported Wednesday that there 50 Enterprises are operating in financial intermediation activities employing 6221 persons in the Palestinian Territory excludes those parts of Jerusalem, which were annexed by Israel in 1967.
The PCBS mentioned this figure as it released the main findings on the Finance and Insurance Survey 2008, Covering: Palestinian Monetary Authority, Banks, Other credit institutions, Palestine Securities Exchange, Stock Market Brokers and Insurance Corporation Activities.
PCBS said this survey shows the number of institutions, number of persons engaged with their compensations, output value, intermediate consumption, gross value added with its various components, and the gross fixed capital formation of the financial sector. “ This survey constitutes the basic pillar for the compilation of Palestinian national accounts, and satisfy the various needs and expectations of users in both private and public sectors.”
According to the main results, the total number of operating enterprises was 50. The results show that the number of persons engaged in those enterprises was 6,221 where 4,527 out of them are male and 1,694 female. “The survey shows that the value of compensation of employees was $113.8 million. The total value of output was $420.9 million for the year 2008, and the intermediate consumption was $78.7 million. The gross value added was $342.2 million.
As of the investments issue the results indicate that gross fixed capital formation was $25.0 million, and the net taxes on production was $31.2 million. Regarding the operating surplus it was $170.2 million, while the value of depreciation on fixed assets during the year was $27.2 million.
Through comparing the data for the year 2008 with the data for the year 2007, the output increased by 8.9% compared with the year 2007, which amounted to $420.9 million for the year 2008. The value of intermediate consumption increased by 34.8% compared with the year 2007, which amounted to $78.7 million for the year 2008. Whereas the gross value added had increased by 4.3% compared with the year 2007, which amounted to $342.2 million for the year 2008.
