Tehran (IP) - The Israeli war against Gaza ended after 12 days in a situation that caused severe economic losses, especially for Israel. Analysts said the price of war for Israel was at least about 0.5% of Israel's GDP or at least $ 2 Billion.

Iran PressMiddle East: The damage of the 12-day war can be evaluated in two parts: the damage done to Gaza and the Israeli regime.

Israel carried out 2,000 airstrikes against the Gaza Strip in 12 days.



Local officials in Gaza say more than 1,447 homes have been completely destroyed in the attacks. Also in these bombings, 13,000 houses were partially and moderately damaged.

Local officials in Gaza also said that the Israeli regime had deliberately targeted all infrastructure, service facilities, and economic centers, causing extensive damage to water supply networks and roads.

Raed al-Jarrar, director-general of industrial affairs at the Gaza Ministry of Economy, said that more than 50 factories had been destroyed in Israeli attacks on the Gaza Strip. The Palestinian Authority's information office in Gaza reported $ 322 million in damage due to Israeli attacks on the Gaza Strip.

Israel's economic damage

The economic damage suffered by Israel in this war was greater than the damage inflicted on the Gaza Strip.

"Mohammed Abu al-Rezzaq" wrote in a note published by Al-Khaleej Online, "Human losses are not the only damage suffered by the Israeli occupation regime in response to the Palestinian resistance, but the regime's economy has suffered tens of millions of dollars in losses daily as a result of its continued closure of the airports, the fall of the stock market and transfers halted in some ports. Commercial and economic transactions in Israeli capital markets, stock exchanges, and banks fell, with the Israeli currency falling 14 percent against the dollar."

In addition, the military cost of using the Iron Dome system on the Israeli regime was high. Ahmed Mesbah, an economist, said the economic losses to the occupying regime in Quds as a result of the war against Gaza and insecurity were enormous, while Israel had spent large sums of money on building missiles and an iron dome to prevent such losses.

Overall, a source in the Israeli Ministry of Finance said that after the ceasefire between the Palestinian resistance and the regime, the damage caused by this war compared to the 51-day war in 2014, which was 0.3% of GDP, was about 0.5% of Israel's GDP and reached $ 2 billion.

This is while the duration of the 2014 war was more than 4 times that of the recent war.

These are the costs that Israel is now estimating, while there are long-term costs for the regime, including the withdrawal of foreign investors from the Israeli market due to lack of security. According to the Marker economic newspaper, 17% of factories in the parts of the south of Israel and the Tel Aviv region have been shut down.

The newspaper emphasizes that there are other losses that can be counted only after the end of the war and the clarification of its economic consequences for Israel, such as the suspension of flights at Ben Gurion and Ramon airports and the consequent cancellation of tourist trips to these areas.

The final point is that this war is having a huge negative impact on Israel's economic growth. The Israeli regime had projected economic growth of 6.3 percent in 2021, but this is almost out of reach due to the effects of the 12-day war.


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