Gaza the worst recorded economic crisis in the world.. This is how the UN described it

A UN report by the United Nations Conference on Trade and Development (UNCTAD) describes Gaza's economy as facing the worst recorded economic crisis in the world since the start of the war in October 2023, documenting a comprehensive collapse that included the destruction of 92% of economic establishments and a rise in unemployment to 78%, with recovery and reconstruction needs estimated at about $71.5 billion.

In a report issued by the United Nations Conference on Trade and Development (UNCTAD) from Geneva on September 25, 2026, the economy in the Gaza Strip was described as facing "the worst recorded economic crisis in the world" since the start of the war in October 2023. The report, presented by the Acting Secretary-General of UNCTAD, Pedro Manuel Moreno, documents a comprehensive collapse: the destruction or damage of about 92% of economic establishments, the loss of hundreds of thousands of jobs, and the removal of more than 90% of the working-age population from the labor market. Per capita GDP fell to only $212 during 2025, equivalent to about 58 cents per day, a level not exceeding 17% of its 2022 level. Unemployment reached 78%. Agricultural and industrial production each declined by 94%, while the construction sector fell by 99%. Less than 1.5% of agricultural land remained available. The report intersects with a joint assessment by the World Bank, the United Nations, and the European Union that estimated direct physical damage at about $35.2 billion, and economic and social losses at about $22.7 billion. Recovery and reconstruction needs are estimated at about $71.5 billion over ten years. The report confirms that what happened is an erasure of developmental gains accumulated over decades, transforming Gaza from a productive economy to an aid-dependent economy.