RAMALLAH, September 20, 2011 (WAFA) -The value added of construction activity increased by 23.7% in the Palestinian Territory in the second quarter of 2011 in comparison with the first quarter, said a report by the Palestinian Central Bureau of Statistics (PCBS) on Sunday.
In mining and quarrying, the value added fell by 29.0%, it said.
The report stated an increase in Gross Domestic Product (GDP) during the second quarter of 2011 compared to the first quarter. Preliminary estimates at constant prices showed an increase of 7.1% in GDP in the Palestinian Territory during the second quarter of 2011 compared to the first quarter, while estimates showed an increase of 10.6% compared to the second quarter of 2010 at constant prices.
In the West Bank, GDP increased by 7.4% during the second quarter of 2011 compared to the first quarter of 2011, while in the Gaza Strip, GDP increased by 6.0% during the second quarter of 2011 compared to the first quarter of 2011.
The GDP for the second quarter of 2011 at constant prices in the Palestinian Territory was $1,598 million, of which $1,172 million was in the West Bank and $426 million was in the Gaza Strip.
M.H./F.J.
