RAMALLAH, Tuesday, December 27, 2022 (WAFA) - Primary estimates for Gross Domestic Product (GDP) at constant prices showed an increase of 1% in GDP in Palestine during the third quarter of 2022 compared to the second quarter, today said the Palestinian Central Bureau of Statistics (PCBS).

The rise was mainly in transportation and storage by 8%, wholesale and retail trade, repair of motor vehicles and motorcycles by 5%, mining, manufacturing, electricity and water, construction, financial and insurance activities, information and communication activities by 2% for each, and services by 1%.

Meanwhile, there was a decrease in agriculture, forestry and fishing by 16%, and public administration and defense by 1%.

On the other hand, the estimates showed an increase of 5% in Palestine during the third quarter of 2022 compared to the third quarter of 2021 at constant prices.

GDP for the third quarter of 2022 at constant prices was $3,243 million for the West Bank and $667 million for Gaza Strip.

GDP per Capita for Palestine at constant prices was $771 during the third quarter of 2022, an increase of 2% compared to the parallel quarter of 2021.

In the West Bank, GDP per Capita was $1,119 at constant prices during the third quarter of 2022, an increase of 2% compared to the parallel quarter of 2021, while for Gaza Strip it was $307 for the same period, an increase of 3% compared to the parallel quarter of 2021.

M.K.