Since the signing of the Oslo Accord in 1993, the economy of the West Bank and Gaza (WBG) has struggled through more than two decades of war, conflict, and failed peacemaking attempts. Throughout that time, the economy of the Palestinian territories, which continue to be heavily influenced by Israeli security controls and restrictions, has moved erratically from periods of rapid expansion and rising employment to periods of slow growth, rising joblessness, and high inflation, with average GDP growth since 1994 offset by an equivalent growth in population. As a consequence, Gaza is poorer today than it was in 1994.