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Gaza's Economy Crashes: 87% GDP Decline Sparks Urgent Aid Call

11/27/2025

36 5 Full Breakdown

Summary

Story summary

The United Nations Conference on Trade and Development (UNCTAD) reports that Gaza's economy collapsed, with GDP down 83% in 2024.
Over two years, GDP declined 87%, and GDP per capita fell to $161.
The report highlights 2.3 million people in poverty and reconstruction costs above $70 billion, calling for urgent international intervention.
The crisis is driven by two years of Israeli military operations and longstanding restrictions erasing 69 years.

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Story summary

The United Nations Conference on Trade and Development (UNCTAD) reports that Gaza's economy collapsed, with GDP down 83% in 2024.
Over two years, GDP declined 87%, and GDP per capita fell to $161.
The report highlights 2.3 million people in poverty and reconstruction costs above $70 billion, calling for urgent international intervention.
The crisis is driven by two years of Israeli military operations and longstanding restrictions erasing 69 years.