Gaza Development Halted for 77 Years

After three years of war on the Gaza Strip that began in October 2023, the region is facing a severe economic and humanitarian crisis. International reports confirm that Gaza is experiencing the most severe economic downturn recorded worldwide. About 92% of economic facilities have been destroyed or damaged, agricultural and industrial output has shrunk by 94%, and the construction sector has declined by 99% compared to 2022. Additionally, 1.9 million people have been displaced, and over 90% of vital infrastructure—such as homes, electricity networks, and hospitals—has been destroyed or lost. The per capita gross domestic product has dropped to $212 annually, with unemployment rates ranging between 78% and 85%. Prices have soared by 274%, pushing the population below the poverty line. Reconstruction efforts are hampered by funding shortages, as less than 2% of the $18 billion in international pledges have been delivered. Experts warn against over-reliance on foreign aid and emphasize the necessity of implementing domestic productive projects—such as supporting the fishing and agricultural sectors and restarting local industries—to break the deadlock and achieve independent economic recovery. They also stress the importance of lifting the blockade and opening crossings to improve living conditions in the region.

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