The Gaza private sector suffers a $1.5 billion loss in the first two months of Israel’s war: Palestine

According to the Palestinian Central Bureau of Statistics, ‘about 89% of the total number of employees in the Gaza Strip have been out of work.’

The Palestinian Central Bureau of Statistics (PCBS) said on Wednesday that private sector losses in Palestine had reached $1.5 billion in the first two months of Israel’s destructive bombardment on the Gaza Strip.

According to the PCBS, the private sector’s daily losses in Gaza are projected to reach $25 million, “except for direct losses in properties and assets losses.”

In Palestine, there are 176,000 private sector establishments or facilities, with 56,000 in Gaza and 120,000 in the West Bank.

“The primary results indicated that 29% of total establishments in West Bank witnessed decline or stopped in production through the (Israeli) aggression while most of establishments in Gaza strip stopped their production,” a statement from the PCBS stated.

Furthermore, “about 89% of the total number of employees in the Gaza Strip have been out of work” as a result of Israel’s continuous murderous bombardment on Gaza.

According to local health officials, Israel has bombarded the Gaza Strip since a cross-border attack by the Palestinian group Hamas on Oct. 7, killing at least 21,110 Palestinians, predominantly women and children, and wounded 55,243 others.

The Hamas strike is thought to have killed around 1,200 Israelis.

Israeli attacks have left half of Gaza’s housing damaged or destroyed, with over 2 million Palestinians relocated within the densely populated enclave amid acute food and clean water shortages.

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