West Bank and Gaza Strip Economy - 1986

GEOGRAPHICAL NAMES 

GNP: West Bank—$1.1 billion (1983); Gaza Strip—$550 million (1983)

Agriculture: olives, citrus, and other fruits, vegetables, beef, and dairy products

Major industries: the Israelis have established some small-scale modern industries in the settlements and industrial centers (3 in West Bank and 1 in Gaza Strip); generally small family businesses that produce cement, textiles, soap, olive wood carvings, and mother-of-pearl souvenirs

Electric power: the Israel Electric Corporation, Ltd., exported 285 million kWh during 1985 (exported is understood to mean power provided to occupied territories)

West Bank: bulk of installed capacity contained in two diesel power plants— Jerusalem-Shoufat plant (22,000 kW), which is owned and operated by the East Jerusalem Electric Co., and Nablus plant (19,600 kW), which is owned and operated by the Nablus municipality; total estimated capacity for all West Bank power plants is 45,000 kW (1985); 59 million kWh produced (1985), 63 kWh per capita

Gaza Strip: no known installed capacity; power probably obtained from Israel

Exports: West Bank—$184.5 million (1984); Gaza Strip—$114.9 million (1984)

Imports: West Bank—$406.8 million (1984); Gaza Strip—$279.4 million (1984)

Major trade partners: West Bank—Jordan and Israel; Gaza Strip—Egypt and Israel

Budget: within the occupied territories, each municipality has its own budget; the following data represent the sum of the revenues and expenditures of the municipalities in each area for fiscal year beginning 1 April 1984

West Bank: revenues, $26.7 million; expenditures, $27.1 million

Gaza Strip: revenues, $14.2 million; expenditures, $18.2 million

Monetary conversion rate: West Bank: units of currency used are Israeli shekel (293.2=US$1,1984 average), Jordanian dinar (0.384=US$l, 1984 average), and US dollar

Gaza Strip: units of currency used are Israeli shekel (293.2=US$1,1984 average), Egyptian pound (1.43=US$1, February 1984 average), and US dollar

NOTE: The information regarding West Bank and Gaza Strip on this page is re-published from the 1986 World Fact Book of the United States Central Intelligence Agency and other sources. No claims are made regarding the accuracy of West Bank and Gaza Strip 1986 information contained here. All suggestions for corrections of any errors about West Bank and Gaza Strip 1986 should be addressed to the CIA or the source cited on each page.