The Economic Impact of the Conflict on Israelis and Palestinians
UN report: At 45%, Gaza unemployment is highest in the world
July 28, 2008
The unemployment rate in the Gaza Strip now stands at 45 percent, higher than anywhere else in the world, according to a report released recently by the United Nations Relief and Rehabilitation Administration.
Nearly 95 percent of all factories operating in Gaza have been closed down in recent years, says the report. Israel's year long economic blockade on the coastal territory and repeated closure of electricity and fuel sources have also contributed to the humanitarian crisis.
According to a separate report published by the United Nations Relief and Works Agency (UNRWA), the unemployment rate in the West Bank reached 25 percent between July and December 2007 - double the average rate in the Middle East and North Africa region.
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