The most recent global financial crisis in 2009 produced a brief period of recession in Israel, but the country’s prudent fiscal policies and regulations, combined with a particularly robust banking sector, allowed the economy to recover rather quickly
Israel consistently ranks high among the world’s economies in terms of its technological readiness, venture capital availability, and the quality of its research organization
PALESTINE
GDP: 4.41 USD Billion
GDP per capita: 1292. 37 USD
Unemployment: 22.64%
The Palestinian economy is based almost completely on agriculture, with livestock, fishing, and some small industry making a smaller contribution
Palestinians depend on Israel for about 90 percent of their external trade
Both the West Bank and Gaza are heavily dependent on Israel and oil-producing Arab states for jobs
The Palestinian economy was dealt serious setbacks in recent years. Jobs in Israel became much more difficult to obtain after the intifada began in 1987
The West Bank supports a few small industries, including textiles, food processing, cement manufacturing, and the manufacturing of toys, furniture, clothing, and shoes
Most of Palestine’s exports—consisting of fruits, vegetables, and cooking oil—are exported to Israel
