Palestine GDP up in Q1 2013

Gross Domestic Product (GDP) in the Palestinian Territory increased by 2.7% to reach $1,180 million for the West Bank and $464 million for the Gaza Strip during the first quarter of 2013 compared to the first quarter of 2012, a press report by the Palestinian Central Bureau of Statistics (PCBS) said on Sunday. However, GDP decreased by 5.1% when compared to fourth quarter 2012, it said. In the West Bank, GDP increased by 0.6% compared to first quarter of 2012, while it increased by 12.2% in Gaza. GDP per capita for the Palestinian Territory was $399 during first quarter 2013, a decrease by 0.3% when compared to first quarter 2012, said PCBS. GDP per capita was $483 in the West Bank, a decrease by 3.3% compared to first quarter 2012, while in the Gaza Strip it was $276, an increase by 8.4% during the same period.