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UN, EU Put Gaza Rebuild at $71.4 Billion Over a Decade

The UN-EU assessment sets a donor baseline for a Palestinian Authority-led reconstruction plan.

Overview

  • The joint Rapid Damage and Needs Assessment, released Monday, estimates $26.3 billion is required in the first 18 months and $71.4 billion over ten years.
  • The report counts 371,888 homes destroyed or damaged, says more than half of hospitals are not functioning, and finds nearly all schools damaged or destroyed.
  • Local authorities report more than 72,000 people killed since 2023, with 1.9 million residents displaced and over 60 percent of the population losing their homes.
  • Gaza’s economy has shrunk by 84 percent, and the assessment says the conflict set back human development in the territory by 77 years.
  • The UN and EU call for a Palestinian-led rebuild that supports a transition to the Palestinian Authority, while noting that a shaky ceasefire, access constraints, rubble clearance, and funding pledges will determine whether work can start at scale.