Impacts of the Israel–Hamas war
Palestine
### Palestine

[Nasri Abu Jaish](/wiki/Nasri_Abu_Jaish "Nasri Abu Jaish"), the Palestinian [Minister of Labor](/wiki/Palestinian_Ministry_of_Labour "Palestinian Ministry of Labour"), stated unemployment in Gaza had risen from 47 percent up to 90 percent, while unemployment in the West Bank was at 25 percent. The [UN Conference on Trade and Development](/wiki/UN_Conference_on_Trade_and_Development "UN Conference on Trade and Development") reported a 24 percent contraction in gross domestic product in Gaza, with pre\-war GDP levels not estimated to be restored until 2092, concluding, "The main takeaway from the report is that the level of destruction that we're witnessing in Gaza is unprecedented." The conference stated it would take billions of dollars and decades to rebuild Gaza. In February 2024, [Kristalina Georgieva](/wiki/Kristalina_Georgieva "Kristalina Georgieva"), the chief of the [International Monetary Fund](/wiki/International_Monetary_Fund "International Monetary Fund"), stated the war had decimated the economies of the West Bank and Gaza. The chair of [UNCTAD](/wiki/UNCTAD "UNCTAD") stated Gaza would need its own [Marshall Plan](/wiki/Marshall_Plan "Marshall Plan") to rebuild, which could cost up to US$50 billion.


What is the economic impact of the war on the West Bank according to the International Monetary Fund chief?