Palestinian economy faced prolonged recession in 2025: bureau of statistics The Palestinian Central Bureau of Statistics and the Palestine Monetary Authority announced that the Palestinian economy “remains deeply mired in recession during 2025,” according to a joint press release published earlier this week. While the economy increased by 4 percent in 2025 as compared to 2024, the report cited a 24% decline in GDP in comparison to 2023. “This decline reflects the scale of the cumulative damage inflicted on the economy since the start of the Israeli occupation aggression on the West Bank and Gaza Strip, which led to the deterioration of productive capacity and the persistence of bottlenecks in economic activities,” the report stated. The agencies predict that the Palestinian economy will increase by 4.1 to 4.5 percent in 2026, following a path of “gradual recovery.”