Israel’s genocide has destroyed nearly 90 percent of Gaza’s economy, causing the worst economic collapse ever recorded, according to the UN.

In 2024 alone, Israel caused Gaza’s GDP to decline by 83 percent, according to data reported Tuesday by the UN Trade and Development (UNCTAD) agency. Now, Gaza’s economy stands at just 13 percent of its 2022 levels, UN experts say .

“Gaza is going through the fastest and most damaging economic collapse ever recorded,” said UNCTAD’s deputy secretary general, Pedro Manuel Moreno, at the launch of the report.

The report notes that 70 percent of Gaza’s infrastructure has been destroyed in Israel’s bombardments, amounting to more than 174,500 structures. This damage has “reversed decades of socioeconomic progress” in Gaza, the report notes.

The all

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