Palestine is generally considered a poor country.
The available data indicates significant poverty within Palestine, although the situation differs substantially between the West Bank and Gaza Strip. According to recent data, the overall poverty rate of Palestinians stood at 32.8% in mid-2023.
Here's a breakdown of the poverty rates in different regions:
| Region | Poverty Rate (Mid-2023) |
|---|---|
| Gaza Strip | Approximately 64% |
| West Bank | Around 12% |
This stark contrast highlights the economic disparities within Palestine. The high poverty rate in Gaza significantly contributes to the overall classification of Palestine as a poor country. The economy faces numerous challenges, including restrictions on movement and access, political instability, and limited natural resources.
