FEAS Yearbook FEAS Yearbook 2012 | Page 103

FEDERATION OF EURO-ASIAN STOCK EXCHANGES ANNUAL REPORT JUNE 2012 PALESTINE EXCHANGE THE PALESTINIAN ECONOMY IN 2011 Palestine was one of the fastest growing economies in the MENA Region over the past five years, GDP growth averaged around 8%. This growth was mainly driven by the PA’s spending financed through substantial donor assistance. The Palestinian economy faces several challenges due to the continued Israeli occupation and settlement building; nevertheless, it continues to demonstrate exceptional endurance and adaptation capabilities. KEY ECONOMIC INDICATORS OF 2011 Source: Palestinian Central Bureau of Statistics (www.pcbs.org.ps) Notes GDP GDP growth GDP/Capita GDP/Capita growth Inflation Unemployment Exports Imports Banks Assets Banks deposits 6,258 million US$ 10.5% 1595 US$ 7.2% 2.88% 24.8% 964 million US$ 3,754 million US$ 9 billion US$ 6.6 billion US$ As at September 30th, 2011 As at September 30th, 2011 As at December 31st, 2011 Estimated for 2011 Estimated for 2011 Estimated for 2011 Estimated for 2011 As at September 30th, 2011 PALESTINE ECONOMIC CHARTS AND TABLES Year Total Value of Imports Total Value of Exports Net Balance Trade 2000 2001 2002 2003 2004 2005 2006 2007 2008 2,382,807 2,033,647 1,515,608 1,800,268 2,373,248 2,667,592 2,758,726 3,284,035 3,466,168 400,857 290,349 240,867 279,680 312,688 335,443 366,709 512,979 558,446 -1,981,950 -1,743,298 -1,274,741 -1,520,588 -2,060,560 -2,332,149 -2,392,017 -2,771,056 -2,907,722 * Data doesn’t include those parts of Jerusalem Governorate which were annexed by Israel in 1967. Key Information Contacts Palestine Capital Market Authority www.cma.gov.ps Ministry of Finance www.mof.gov.ps Ministry of National Economy www.met.gov.ps Palestinian Investment Promotion Agency www.pipa.gov.ps Palestine Monetary Authority www.pma-palestine.org Palestinian Central Bureau of Statistics www.pcbs.org.ps Palestinian Economic Council for Development and Reconstruction www.pecdar.org Palestine Institute for Financial & Banking Studies www.pifbs.com Palestine Media Center www.palestine-pmc.com Custodian Bank - HSBC Bank Middle East www.middleeast.hsbc.com Settlement Bank - Arab Bank Palestine www.arabbank.ps PAGE 101