Gaza’s Economy Collapses with 80% Unemployment Amid Ongoing War and Limited Aid
February 16, 2026
Every day, 23-year-old Mansour Mohammad Bakr leaves his tiny room in Gaza City. Before the two-year war, he was a fisher with his family. Now his brothers are dead, his father too old, and his fishing gear destroyed. "Money is the main means of survival in Gaza… without it, a person cannot do anything," Bakr says. Aid groups have increased help since October’s ceasefire, reaching 1.6 million people with food and serving 1 million hot meals daily. Yet aid only covers basics. Fresh food and goods are expensive and need cash. Former trader Mohammed al-Far says his family gets one meal daily from aid, but everything else requires money. He has tried to start small businesses but failed and runs debts. Official UN figures show Gaza’s unemployment is 80%, with the economy now just 13% of its former size. Pedro Manuel Moreno of the UN said the war "wiped out decades of progress" and called it the fastest economic collapse ever. The war damaged Gaza’s fishing, farming, health, power and transport systems. Bakr dreams of fishing again but Israeli sea restrictions and lack of resources block him. The ceasefire in October eased aid flow but stalled broader rebuilding. Hamas controls Gaza and refuses full disarmament; Israel blocks governing bodies and controls key crossings. Even graduates like Bisan Mohammad, who lost her husband in the war, cannot find work. She says, "Everything needs money; even water, food and bedding." Violence continues despite the ceasefire. Gaza health officials report 586 deaths since October, bringing the total to over 72,000. Mohammad sums up: "The ceasefire hasn’t changed our reality… prices keep rising, and necessities are barely enough. I don’t think about the future; it is exhausting and frightening."
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Tags:
Gaza
Unemployment
Aid
Ceasefire
Fishing Industry
Economy
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