- International Monetary Fund
- Published Date:
- November 1999
West Bank and Gaza Strip
Economic Developments in the Five Years Since Oslo
Ulric Erickson von Allmen
International Monetary Fund
© 1999 International Monetary Fund
Production: IMF Graphics Section
Cover design: Phil Torsani
Typesetting: Alicia Etchebarne-Bourdin
West Bank and Gaza Strip: economic developments in the five years since Oslo/ Patricia Alonso-Gamo … [et al.]—Washington, D.C.: Middle Eastern Department, International Monetary Fund, 1999.
Includes bibliographical references.
1. West Bank—Economic conditions. 2. Gaza Strip—Economic conditions. 3. West Bank—Fiscal policy. 4. Gaza Strip—Fiscal Policy. 5. Banks and banking—West Bank. 6. Banks and banking—Gaza Strip. 7. Infrastructure (Economics)—West Bank. 8. Infrastructure (Economics)—Gaza Strip. I. Alonso-Gamo, Patricia. II. International Monetary Fund. Middle Eastern Dept.
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The following symbols have been used throughout this paper:
… to indicate that data are not available;
—to indicate that the figure is zero or less than half the final digit shown, or that the item does not exist;
– between years or months (for example, 1994-95 or January-June) to indicate the years or months covered, including the beginning and ending years or months;
⁄ between years (for example, 1994/95) to indicate a crop or fiscal (financial) year.
“Billion” means a thousand million.
Minor discrepancies between constituent figures and totals are due to rounding.
The term “country,” as used in this paper, does not in all cases refer to a territorial entity that is a state as understood by international law and practice; the term also covers some territorial entities that are not states, but for which statistical data are maintained and provided internationally on a separate and independent basis.
The authors are grateful for helpful comments and suggestions from a large number of IMF colleagues, in particular for the detailed comments provided by David Burton, Pierre Dhonte, Salam Fayyad, Antonio Furtado, and Enrique de la Piedra. The authors are also grateful to Gail Berre of the External Relations Department who edited the paper for publication and coordinated production.
The views expressed in this study are those of the authors and do not necessarily reflect those of the IMF or its Executive Directors.
Definition of Acronyms
Consumer price index
Development Assistance Committee
European Investment Bank
Economic and Monetary Union (of the European Union)
Gross disposable income
Gross domestic product
Government financial management and information system
Gross national income
General Personnel Council
Israeli Civil Administration
Israeli Central Bureau of Statistics
International Development Association
Insurance and General Pension Corporation
International Labor Organization
International Monetary Fund
Joint Economic Committee
Palestine Economic Policy Research Institute
Ministry of Planning and International Cooperation
National Insurance Institute
New Israeli sheqel
Palestinian Authority tax administration computer system
Palestinian Central Bureau of Statistics
Palestinian development plan
Palestinian Economic Council for Development and Reconstruction
Public expenditure review
Palestine Liberation Army
Palestinian Legislative Council
Palestine Liberation Organization
Palestinian Monetary Authority
Palestinian Securities Exchange
Total factor productivity
United Nations Conference on Trade and Development
United Nations Development Program
United Nations Relief and Works Agency
United Nations Special Coordinator in the Occupied Territories
West Bank and Gaza