The Palestinian Central Bureau of Statistics reported on Wednesday that the private sector has incurred losses of $1.5 billion since the beginning of the Israeli war on the Gaza Strip on October 7 last year.

According to a statement from the bureau, the Palestinian private sector has incurred daily losses of around $25 million since the war started.

Approximately 176,000 private sector establishments exist in Palestine, with 56,000 in the Gaza Strip and 120,000 in the West Bank.