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New Study Highlights How Hamas Destroyed Gaza’s Economy
A Palestinian boy reacts next to a burning Israeli vehicle that Palestinian gunmen brought to Gaza after they infiltrated areas of southern Israel, in the northern Gaza Strip, Oct. 7, 2023. Photo: REUTERS/Mahmoud Issa
The economy of the Gaza Strip has been ravaged by the Hamas terror group, whose years-long rule over the Palestinian enclave has devastated the lives of the local population independent of Israeli military operations, according to a new study.
The Kohelet Policy Forum, an Israeli think tank, released a new report showing the detrimental impact that Hamas has had on the livelihoods of Palestinians in Gaza. According to the study — titled “The Palestinian Economy and Palestinian Workers on the Eve of the Iron Swords War” — gross domestic product (GDP) per capita in Gaza was roughly the same as that in the West Bank in 2005 at $17,700, right before Israel fully withdrew all its soldiers and civilian settlers from Gaza. Once the withdrawal occurred, however, GDP per capita dropped drastically, falling to $5,500, or only about 30 percent of GDP in the West Bank.
The numbers since then have only gotten worse in Gaza, where the unemployment rate has skyrocketed, reaching well above even the high rate in the West Bank.
For the 25-34 age range, for example, the unemployment rate for Palestinians in the West Bank is 10 percent. In Gaza, the figure stands at 46 percent.
In the 35-44 and 45-54 age ranges, according to the study, Palestinians in the West Bank have an unemployment rate at around 6 percent, while in Gaza it is more than 20 percent.
For women in Gaza, unemployment across age groups sits around 25 percent on average.
The study also pointed out the massive impact that the ongoing Israel-Hamas war, which the terrorist group launched with its Oct. 7 massacre across southern Israel, has had on both Gaza and the West Bank.
Economic activity in Gaza is down 87 percent, while in the West Bank it has decreased by 24 percent, which the study said is “a result of the cancellation of work permits for over 90 percent of the Palestinian workers employed in Israel.”
Following Hamas’ attack on Oct. 7, when Palestinian terrorists invaded Israel, killed over 1,200 people, and took 253 others as hostages, Israel for security reasons canceled the permits of more than 130,000 workers, including many in the construction industry — a move that has also hurt Israel.
In sum, the new report painted a bleak picture of what Hamas’ brutal rule has inflicted upon Gazans, as well as the intense work that will be needed to rebuild Gaza once the war ends. Israel has made clear that any post-war arrangement in Gaza must not include Hamas in power.
The post New Study Highlights How Hamas Destroyed Gaza’s Economy first appeared on Algemeiner.com.
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After False Dawns, Gazans Hope Trump Will Force End to Two-Year-Old War
Palestinians walk past a residential building destroyed in previous Israeli strikes, after Hamas agreed to release hostages and accept some other terms in a US plan to end the war, in Nuseirat, central Gaza Strip October 4, 2025. Photo: REUTERS/Mahmoud Issa
Exhausted Palestinians in Gaza clung to hopes on Saturday that US President Donald Trump would keep up pressure on Israel to end a two-year-old war that has killed tens of thousands and displaced the entire population of more than two million.
Hamas’ declaration that it was ready to hand over hostages and accept some terms of Trump’s plan to end the conflict while calling for more talks on several key issues was greeted with relief in the enclave, where most homes are now in ruins.
“It’s happy news, it saves those who are still alive,” said 32-year-old Saoud Qarneyta, reacting to Hamas’ response and Trump’s intervention. “This is enough. Houses have been damaged, everything has been damaged, what is left? Nothing.”
GAZAN RESIDENT HOPES ‘WE WILL BE DONE WITH WARS’
Ismail Zayda, 40, a father of three, displaced from a suburb in northern Gaza City where Israel launched a full-scale ground operation last month, said: “We want President Trump to keep pushing for an end to the war, if this chance is lost, it means that Gaza City will be destroyed by Israel and we might not survive.
“Enough, two years of bombardment, death and starvation. Enough,” he told Reuters on a social media chat.
“God willing this will be the last war. We will hopefully be done with the wars,” said 59-year-old Ali Ahmad, speaking in one of the tented camps where most Palestinians now live.
“We urge all sides not to backtrack. Every day of delay costs lives in Gaza, it is not just time wasted, lives get wasted too,” said Tamer Al-Burai, a Gaza City businessman displaced with members of his family in central Gaza Strip.
After two previous ceasefires — one near the start of the war and another earlier this year — lasted only a few weeks, he said; “I am very optimistic this time, maybe Trump’s seeking to be remembered as a man of peace, will bring us real peace this time.”
RESIDENT WORRIES THAT NETANYAHU WILL ‘SABOTAGE’ DEAL
Some voiced hopes of returning to their homes, but the Israeli military issued a fresh warning to Gazans on Saturday to stay out of Gaza City, describing it as a “dangerous combat zone.”
Gazans have faced previous false dawns during the past two years, when Trump and others declared at several points during on-off negotiations between Hamas, Israel and Arab and US mediators that a deal was close, only for war to rage on.
“Will it happen? Can we trust Trump? Maybe we trust Trump, but will Netanyahu abide this time? He has always sabotaged everything and continued the war. I hope he ends it now,” said Aya, 31, who was displaced with her family to Deir Al-Balah in the central Gaza Strip.
She added: “Maybe there is a chance the war ends at October 7, two years after it began.”
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Mass Rally in Rome on Fourth Day of Italy’s Pro-Palestinian Protests
A Pro-Palestinian demonstrator waves a Palestinian flag during a national protest for Gaza in Rome, Italy, October 4, 2025. Photo: REUTERS/Claudia Greco
Large crowds assembled in central Rome on Saturday for the fourth straight day of protests in Italy since Israel intercepted an international flotilla trying to deliver aid to Gaza, and detained its activists.
People holding banners and Palestinian flags, chanting “Free Palestine” and other slogans, filed past the Colosseum, taking part in a march that organizers hoped would attract at least 1 million people.
“I’m here with a lot of other friends because I think it is important for us all to mobilize individually,” Francesco Galtieri, a 65-year-old musician from Rome, said. “If we don’t all mobilize, then nothing will change.”
Since Israel started blocking the flotilla late on Wednesday, protests have sprung up across Europe and in other parts of the world, but in Italy they have been a daily occurrence, in multiple cities.
On Friday, unions called a general strike in support of the flotilla, with demonstrations across the country that attracted more than 2 million, according to organizers. The interior ministry estimated attendance at around 400,000.
Italy’s right-wing government has been critical of the protests, with Prime Minister Giorgia Meloni suggesting that people would skip work for Gaza just as an excuse for a longer weekend break.
On Saturday, Meloni blamed protesters for insulting graffiti that appeared on a statue of the late Pope John Paul II outside Rome’s main train station, where Pro-Palestinian groups have been holding a protest picket.
“They say they are taking to the streets for peace, but then they insult the memory of a man who was a true defender and builder of peace. A shameful act committed by people blinded by ideology,” she said in a statement.
Israel launched its Gaza offensive after Hamas terrorists staged a cross border attack on October 7, 2023, killing some 1,200 people and taking 251 people hostage.
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Hamas Says It Agrees to Release All Israeli Hostages Under Trump Gaza Plan
Smoke rises during an Israeli military operation in Gaza City, as seen from the central Gaza Strip, October 2, 2025. Photo: REUTERS/Dawoud Abu Alkas
Hamas said on Friday it had agreed to release all Israeli hostages, alive or dead, under the terms of US President Donald Trump’s Gaza proposal, and signaled readiness to immediately enter mediated negotiations to discuss the details.