Economy of Palestine
Palestine has a developing economy. It based on substantial financial aid from various international donors, including governments and international organizations. Exports were recorded at US$1 billion, with an import value of US$6 billion. Main contributors to the national economy are the service sector (47%), wholesale and repair (19%), manufacturing (12%), agriculture (7%), finance and banking (3%), construction (5%), information technology (5%) and transportation sector (2%). Tourism in Palestine is centered around Bethlehem and Jerusalem while cities like Ramallah and Hebron are home to major economic centres. Foreign aid supports the Palestinian Authority and public services. The Palestinian diaspora provide significant remittance income to the country. The economy remains heavily reliant on international aid from various sources, including UNRWA, Qatar, Turkey, the European Union, and non-governmental organizations. The Gazan labour market experiences mobility issues due to the...
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