Gaza Economy Collapses into 'Survival Mode,' Expert Warns
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Economist Louay Sakka described Gaza's economy as facing its worst crisis, with unemployment over 80% and GDP shrinking drastically, forcing it into a 'survival economy' dependent on aid. He estimated reconstruction costs at $71.4 billion and called for an urgent rescue plan.
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- Gaza faces its most severe economic crisis, shifting to a 'survival economy'.
- Unemployment exceeds 80% and GDP has shrunk by 83-84%.
- Over 92% of production capacity is lost.
- Reconstruction costs are estimated at $71.4 billion.
- An urgent developmental rescue plan is needed, not just aid.
Gaza is experiencing its most severe and dangerous economic crisis in modern history, according to economist and international relations expert Louay Sakka. He stated that the situation has moved beyond suffering under a long-term blockade to a complete structural collapse of vital components.
Sakka cited international reports from 2026 indicating a "terrifying leap" in unemployment, exceeding 80%. Concurrently, the Gross Domestic Product (GDP) has shrunk by an unprecedented 83-84%, leading to a loss of over 92% of general production capacity. This has transformed Gaza into a "survival economy" entirely dependent on emergency aid.
The estimated total cost for reconstruction and economic recovery over the next decade is approximately $71.4 billion. Sakka emphasized that escaping this cycle requires an urgent developmental rescue plan, not just crisis management or temporary relief.
He specifically called for focusing $26.3 billion in the first 18 months on restoring infrastructure and essential services like water, energy, and health. Sakka suggested this funding should be channeled through unified international trust funds to ensure transparent and politically neutral disbursement.
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