General Discussion

Between 1922 and 1947, the annual growth rate of the Jewish sector of the economy was 13.2%, mainly due to immigration and foreign capital, while that of the Arab was 6.5%. Per capita, these figures were 4.8% and 3.6% respectively. By 1936, the Jewish sector earned 2.6 times as much as Arabs.[1] Compared to Arab countries, the Palestinian Arab individuals earned slightly more.[2]

The country's largest industrial zone was in Haifa, where many housing projects were built for employees.[3] Haifa was the location of the Haifa oil refinery, established in the 1930s, and the end point of the Kirkuk-Haifa oil pipeline, transporting oil from the Kingdom of Iraq.

The Jaffa Electric Company was founded in 1923 by Pinhas Rutenberg, and was later absorbed into a newly created Palestine Electric Company. Palestine Airways was founded in 1934, Angel Bakeries in 1927, and the Tnuva dairy in 1926.