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The international community has sent billions of dollars in aid to the Gaza Strip to provide relief to the more than 2 million Palestinians living there. [8] From 2014 to 2020, U.N. agencies spent nearly $4.5 billion in Gaza, including $600 million in 2020 alone. [8]
The United Nations appealed for $2.8 billion on Tuesday to provide desperately needed aid to 3 million Palestinians, stressing that tackling looming famine in war-torn Gaza requires not only food ...
By the end of December 2023, the Palestinian economy had lost $1.5 billion, with Gaza's economy shrinking by 80% in the fourth quarter. In May 2024, it was reported that $50 billion in investments had been wiped out, plunging 1.8 million people into poverty.
Around 2 billion barrels (320,000,000 m 3) of oil reserves are believed to exist in shore of the Gaza Strip. [72] [73] According to a report by the UNCTAD, around 1,250 billion barrels (1.99 × 10 11 m 3) of oil reserves are in the occupied Palestinian territory of the West Bank, probably the Meged oil field. As per the Palestinian Authority ...
Economic output in Gaza plunged to just over $221 million in the half-year including the last quarter of 2023 and first quarter of 2024 — the last quarter for which figures are available — or ...
Gaza needs billions of dollars in international economic aid to compensate for years of restrictions that have stifled its economy and curbed its development, according to a report published on ...
Israel's war with Hamas in the Gaza Strip will cost as much as 200 billion shekels ($51 billion), the Calcalist financial newspaper reported on Sunday, citing preliminary Finance Ministry figures.
Still, on March 29, 2024, the Biden administration authorized the transfer of billions of dollars worth of bombs and fighter jets to Israel. [15] [16] In total, the United States spent $17.9 billion on military aid to Israel from October 2023 to October 2024, a record for a single year, as estimated by the Costs of War Project at Brown University.