In Gaza, approximately 80% of the population is currently unemployed, leading to severe challenges in fulfilling their daily needs. The economic situation has drastically worsened over recent years, particularly after a devastating war that crippled local businesses and reduced income levels to record lows. Many Palestinians in the region find themselves in a daily struggle to provide for themselves and their families, yet the financial resources available to them have dwindled to almost nothing.

According to the Palestinian Monetary Authority, the average income per person in Gaza plummeted from $1,257 in 2022 to a mere $161 in 2024. This represents not only a staggering decline in financial stability but also puts the average income among the lowest globally, as highlighted in a recent report by the United Nations Conference on Trade and Development. This economic downturn reflects a considerable shrinkage of the local economy to just 13% of what it was in 2022, while the unemployment rate has soared beyond 80%, marking a critical crisis point.

The implications of this economic collapse are profound, leaving over two million residents of Gaza in a precarious situation devoid of resources and opportunities. The recent report categorizes this disaster as one of the worst economic collapses globally, emphasizing the challenges faced by individuals in their daily lives. Without significant intervention and support from the international community, the future remains bleak for many in this region as they struggle to navigate the dire realities of living in a state of economic despair.