Gaza economy ‘on verge of collapse’, with world’s highest unemployment

The economy of Gaza – assailed by war, poor governance and a joint Israeli-Egyptian blockade – has reached the “verge of collapse” with the coastal strip suffering the highest rate of unemployment in the world.

The bleak picture is presented in a devastating report by the World Bank, released on Friday, which said that Gaza’s economy had been strangled by years of blockades, war and poor governance and faces a dangerous crisis over its ability to meet wages and other spending requirements.

  • Minicapt

    The ‘blockade’ and the ‘war’ are completely incidental to Gaza’s problem. And Gaza’s problem is Hamas’ expression of the traditional Arab culture in which theft from the producers, to create one’s income, is the foundation of the economy. The socialist world is apparently in awe of such artistic mendacity.


  • BillyHW


  • simus1

    This “World Bank report” arrives just as the gaza begfest opens. No doubt any additional funds offered by the gullible Euro fools from various governments will result in a big thieving hamas surcharge with much that remains going against the tab run by iran for weapons and other needed “necessities”.

  • tom_billesley

    Even the tunnelling industry isn’t what it once was.

  • Justin St.Denis

    One day, people will estimate the $$ per head that Gaza receives in annual aid and realize that it costs more to maintain a Gazan than it does to maintain a NYC princess shrew. The alternative – erasing Gazans from the financial equation – will finally be proposed and executed. Hamas will throw a hissy and kill a whole bunch of Gazans. There will be headlines, pointing fingers and blame, blame, blame. Finally, when Gaza is occupied by Hamas only because everyone else is dead, the idea will come that a big huge parking lot would be really cool to have in the region. Voila! Glass Hamas. Works for everybody all around.

  • Hard Little Machine


  • Maurixio Garcia Sanchez

    Canada shouldnt waste not single dime on those terrorists,they only have jobs making bombs and missiles to fight their enemy instead of making peace.

  • Norman_In_New_York

    It should be noted that the journalists and professional compassion mongers who whimper about the suffering of Gazans tend to stay in beachfront luxury hotels in Gaza City. Need I say more?

  • Frances

    They’re already received a fair bit of money: what have they spent it on?

  • Ed

    You mean standing in the street all day shouting is not good for the economy???

  • tamale

    Their economy wouldn’t be in such a shambles if the leadership wasn’t depositing all the hundreds of millions in aid $$$ into their private bank accounts. Btw these clowns (incl Judea & Samaria) owe Israel hundreds of millions for their electricity which they don’t bother to pay, and which is why they are looking to go off Israel’s grid & connect to Jordan. I doubt their Arab brothers will be so lenient…

  • Gary

    Amazing, yet the UN rates it as 8th in the World for an Obesity crisis for males and a boastful 3rd on Earth for women .
    So lets see, the jews are starving them and have a genocide going to wipe them out.
    But the population is up 400% since 1948 and have an Obesity crisis, Sid Ryan and CUPE would say that these are signs of people starving and being killed off by israel. Remember, in Toronto we hear how Welfare causes Obesity by the food poverty .
    Acromaglia is the first sign of dwarfism, get your child checked today.