Two years of Hamas terrorist attack

Destruction also harshly reached the private sector, with 82% of companies, one of the main engines of Gaza economy, damaged or destroyed. Gaza’s Gross Domestic Product (GDP) plummeted 81% in the last quarter of 2023, leading to a 22% contraction throughout the year. In mid -2024, Gaza’s economy had shrunk to less than a sixth of its 2022 level.

But that was just the beginning. This week, in another report, the UN warned that unemployment rose to more than 80%, trade stagnated, poverty is endemic and hunger was declared.

There is no money circulating nor. Most banks and ATMs were destroyed and Israel blocked the entry of new coins. With the serious scarcity of money and products, inflation fired. Kitchen oil prices increased by 1,200%, and flour, 5,000% up to mid -2025.

West Bank is also under increasing financial pressure. Israel diverted and arbitrarily retained tax revenues that must go to the Palestinian authority, preventing the payment of salaries and undermining the liquidity of the Public Administration.

Two million Palestinians were forced to leave their homes and displaced to other regions of Gaza. Some of them were forced to make the journey several times.

Isolated Israel

Two years after Hamas terrorist attacks, Israel is experiencing important isolation in the international community. As soon as he began the work to respond to the deaths promoted by the terrorist group, the government of Benjamin Netanyahu was even warned by Americans not to repeat the mistakes made by the US after September 11, 2001.