RAMALLAH, December 20, 2011 (WAFA) – Gross domestic product at constant prices for the 3rd quarter of 2011 increased by 0.5% in the Palestinian Territory compared to the second quarter, according to the preliminary estimates of the Quarterly National Accounts published Tuesday by the Palestinian Central Bureau of Statistics (PCBS).

GDP at constant prices was US$1,169 million for the West Bank and $437 million for the Gaza Strip, said PCBS.

The estimates showed that GDP decreased by 0.3% in the third quarter in the West Bank compared to the second quarter of 2011, while GDP in the Gaza Strip increased by 2.6% during the same period.

GDP per capita for the Palestinian Territory at constant prices was US$407 during the third quarter of 2011, registering a decrease of 0.3% compared to the second quarter of 2011 and an increase of 8.5% compared with the third quarter of 2010.

GDP per capita for in the West Bank at constant prices was US$498 during the third quarter of 2011, registering a decrease of 1% compared to the second quarter of 2011 and an increase of 5.5% compared with the third quarter of 2010.

In the Gaza Strip, GDP per capita was US$274 during the third quarter of 2011, showing an increase by 1.7% compared to the second quarter of 2011 and an increase of 18% compared with the third quarter of 2010.

R.Q./F.J.