Tentmaker Reports

West Bank and Gaza Report

Entrepreneurial Missions Index

20.3

General Information

Population

3,937,309 (120th most populous country in the world)

RELIGIONS
Muslim75%
Jewish17%
Christian and Other8%
LANGUAGES
Arabic
Hebrew

Industries

Small-scale manufacturing, quarrying, textiles, soap, olive-wood carvings, and mother of pearl souvenirs

Unless otherwise noted, all information included here was obtained from the World Factbook project 4, conducted by the Central Intelligence Agency (CIA). For more detailed information about West Bank and Gaza, visit https://www.cia.gov/library/publications/the-world-factbook/geos/gz.html.

Business Information

The World Bank ranks West Bank and Gaza as 0 out of 183 economies in terms of ease of doing business. The country ranks as 0 (of 183) in terms of ease of starting a business.

It requires 11 procedures, takes 49 days, and costs 69.1% of income per capita to start a business in West Bank and Gaza.

In order to start a business in West Bank and Gaza, one must follow these procedures:

  1. Search for company name and reserve proposed name
  2. Local lawyer signs company documents
  3. Submit company incorporation papers and obtain temporary copy of certificate of registration from Ministry
  4. Deposit initial capital
  5. Register with Companies Registry
  6. Payment of registration fee
  7. Register for income and VAT tax
  8. Register with Chamber of Commerce
  9. Obtain business license from municipality
  10. Obtain approval from fire department
  11. Obtain and legalize special company books

Unless otherwise noted, all information included here was obtained from the Doing Business project 3, conducted by the World Bank. For more detailed information about starting a business in West Bank and Gaza, visit http://www.doingbusiness.org/.

 

 

West Bank and Gaza Economic Freedom

The annual survey Economic Freedom of the World is an indicator produced by the Fraser Institute, a libertarian think tank which attempts to measure the degree of economic freedom in the world's nations. Economic Freedom of the World index has been more widely used than any other measure of economic freedom, because of its coverage of a longer time period

Their measure of economic freedom is based on that the following standards:

  • Personal choice rather than collective choice,
  • Voluntary exchange coordinated by markets rather than allocation via the political process,
  • Freedom to enter and compete in markets, and
  • Protection of persons and their property from aggression by others.

A state will rate high when it focuses on protection of people and their property from the actions of aggressors, enforcement of contracts, and provision of the limited set of public goods like roads, flood control projects, and money of stable value and little else, but a country’s rating on the EFW summary index will fall as government expenditures increase and regulations expand.   

 

West Bank and Gaza Summary

 

1 World Economic Forum

2 Free the World
Gwartney, James and Robert Lawson with Herbert Grubel, Jakob de Haan, Jan-Egbert Sturm, and Eelco Zandberg (2009). Economic Freedom of the World: 2009 Annual Report. Vancouver, BC: The Fraser Institute. Data retrieved from www.freetheworld.com.

3 World Bank Data

4 World Factbook Project

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