This is UNRWA’s fifth report on economic and social developments in the occupied Palestinian territory (oPt). The present report is an update and covers changes in 2008. The report is divided into two substantive sections. The first addresses developments in domestic output and income through an assessment of national accounts data. Levels and changes in the Gross Domestic Product of the Palestinian public and private sectors are the focus of this section. The second section covers the oPt labour force and labour market dynamics. Data and analysis in the labour market section are disaggregated on the basis of refugee status.