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Report on UNCTAD assistance to the Palestinian people: Developments in the economy of the Occupied Palestinian Territory (TD/B/61/3)

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Executive summary

Under the impact of yet another year of prolonged occupation, 2013 proved to be one more year of lost Palestinian development. The economy continued to lose ground, and the slowdown that was had been witnessed in 2012 worsened in 2013. As a result, real per capita income in the Occupied Palestinian Territory declined, and unemployment, poverty and food insecurity worsened. Palestinian women continued to bear the brunt of occupation, which has condemned them to one of the lowest rates of labour market participation and the highest unemployment rate in the world. The Israeli occupation of Area C deprives the economy of the Occupied Palestinian Territory of much of its natural resource base and costs at the very least one third of its gross domestic product (GDP) every year. Despite difficult field conditions and limited resources, UNCTAD continues to respond to the complex needs of the Palestinian economy. However, securing extrabudgetary resources remains critical for enhancing the support of the secretariat to the Palestinian people.