Palestinian economy suffers worst-ever collapse after Israel-Hamas conflict, UN says

The two-year Gaza war triggered an unprecedented collapse in the Palestinian economy, returning GDP per capita to 2003 levels and ranking the crisis among the ten worst globally, UNCTAD said.

Palestinian economy suffers worst-ever collapse after Israel-Hamas conflict, UN says
Palestinians shop at a market in Khan Yunis, in the southern Gaza Strip, on November 21, 2025.  (photo credit: ABED RAHIM KHATIB/FLASH90)
The two-year Gaza war triggered an unprecedented collapse in the Palestinian economy, returning GDP per capita to 2003 levels and ranking the crisis among the ten worst globally, UNCTAD said.

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