WorldEconomy
UN report says Gaza's economic collapse is worst on record
A UN development agency says Gaza is suffering the world's most severe economic crisis on record, with more than 90 percent of its working-age population unemployed and most businesses destroyed.
Gaza is experiencing the world's most severe economic crisis on record, according to a new report from the UN Conference on Trade and Development (UNCTAD).
The agency said the conflict had destroyed hundreds of thousands of jobs and left more than 90 percent of Gaza's working-age population unemployed. Nine in 10 businesses were destroyed, it said.
UNCTAD acting secretary-general Pedro Manuel Moreno said the collapse "has wiped out decades of development and generated an acute economic crisis for its people." He described Gaza's economic collapse as "the world's most severe economic crisis on record."
Israel's military offensive, sparked by Hamas militants' attack in October 2023, devastated the territory of about two million people before a ceasefire was announced in October 2025. UNCTAD released the report in Geneva on Thursday.
- Economic Crisis
- Israel-Gaza war
- Gaza genocide
From
WorldEconomy
UN report says Gaza's economic collapse is worst on record
A UN development agency says Gaza is suffering the world's most severe economic crisis on record, with more than 90 percent of its working-age population unemployed and most businesses destroyed.
Gaza is experiencing the world's most severe economic crisis on record, according to a new report from the UN Conference on Trade and Development (UNCTAD).
The agency said the conflict had destroyed hundreds of thousands of jobs and left more than 90 percent of Gaza's working-age population unemployed. Nine in 10 businesses were destroyed, it said.
UNCTAD acting secretary-general Pedro Manuel Moreno said the collapse "has wiped out decades of development and generated an acute economic crisis for its people." He described Gaza's economic collapse as "the world's most severe economic crisis on record."
Israel's military offensive, sparked by Hamas militants' attack in October 2023, devastated the territory of about two million people before a ceasefire was announced in October 2025. UNCTAD released the report in Geneva on Thursday.
- Economic Crisis
- Israel-Gaza war
- Gaza genocide
From