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UN Reports Devastating 30% Economic Collapse in Gaza

11/25/2025

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Summary

Story summary

The United Nations reports the two-year Gaza war and West Bank restrictions have caused the worst Palestinian economic collapse.
The economy contracted 30% in 2024 versus 2022, erasing two decades of growth.
Gaza’s GDP per capita fell to $161 annually, the lowest worldwide.
The UN estimates rebuilding Gaza will cost over $70 billion and take decades, prompting an immediate international intervention and recovery plan.

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Story summary

The United Nations reports the two-year Gaza war and West Bank restrictions have caused the worst Palestinian economic collapse.
The economy contracted 30% in 2024 versus 2022, erasing two decades of growth.
Gaza’s GDP per capita fell to $161 annually, the lowest worldwide.
The UN estimates rebuilding Gaza will cost over $70 billion and take decades, prompting an immediate international intervention and recovery plan.