Expert denounces Gaza’s economic collapse due to Israeli war

Ramallah, Feb 15 (Prensa Latina) The drop of more than 83 percent in the Gross Domestic Product (GDP) of the Gaza Strip confirms the magnitude of the contraction and paralysis of the territory's economy, a Palestinian expert affirmed on Sunday.

February 15, 2026
09:41

Economist Imad Labad denounced the consequences of the Israeli aggression against the coastal enclave, home to more than two million people.

Labad told Shehab news agency that such a percentage practically means the cessation of production and the collapse of local demand, as well as the inability to create any added value within the area’s economy. The expert affirmed that the United Nations’ warnings of Gaza’s complete dependence on international aid are not a political description, but a tangible numerical reality.

Labad explained that the cost of rebuilding Gaza is estimated at around 70 billion dollars, not including indirect damages such as the loss of human capital, the emigration of skilled workers, and the erosion of productive expertise.

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