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Culture without borders. / La culture sans frontières.

Gaza’s Economy Devastated by War, UNCTAD Warns

The war in Gaza has destroyed decades of economic progress, leading to the worst economic crisis in history, says UNCTAD. The UN estimates over $71 billion is required to rebuild the Palestinian enclave.


James Okonkwo
James Okonkwo
September 25, 2026  ·  1 min read
B-Empire Magazine
Brief

The war in Gaza has destroyed decades of economic progress in the Palestinian Territories, causing the most severe economic crisis ever recorded, UNCTAD warned on Thursday, September 24.

After 60 years of Israeli occupation, economic activity is now more constrained than ever, the UN emphasizes. Rebuilding Gaza would require more than $71 billion, according to the international organization.

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