The Palestinian Central Bureau of Statistics (PCBS) said Tuesday that the Gross Domestic Product (GDP) estimates have substantially decreased during the second quarter of 2004 by 2.4% compared with the first quarter of the same year.
In its quarterly report, PCBS has presented a comparison with the previous quarter (First Quarter 2004) and the parallel quarter prior to the outbreak of Al-Aqsa Intifada.
PCBS said that the preliminary estimates at constant prices for the second quarter of this year indicated a substantial decline in the performance of the economy in the West Bank and Gaza Strip, adding that this drop was as a result of the decline in the main economic activities within the available short term indicators for each activity.
According to the report, the gross value added for Mining, Manufacturing, Electricity and Water Supply in the West Bank and Gaza Strip declined during the second quarter of the current yera compared to the first quarter of the year 2004 by 5.8%, while it went down by 2.1% compared to the second quarter of the year 2000. (menareport.com)
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