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The Israeli government has come under strong criticism in a new UN report where the nation was strongly slammed for the "de-development" and "deteriorating humanitarian conditions" of the Palestinian territories of East Jerusalem, the West Bank and the Gaza Strip, brought about by Israel's 50-year occupation.

The report from the United Nations Conference on Trade and Development (UNCTAD), was published on Tuesday and it deeply lamented the state of the Palestinian economy especially its high level of unemployment.

"2017 marks the fiftieth anniversary of the Israeli occupation of the Gaza Strip and the West Bank, including East Jerusalem; the longest occupation in recent history. For the Palestinian people, these were five decades of de-development, suppressed human potential and denial of the basic human right to development, with no end in sight," the report states.

"Instead of the hoped-for two-State solution envisaged by the United Nations and the international community, occupation is currently even more entrenched, while its complex socioeconomic toll has worsened over time."

The U.N. report also expressed concerns about the steady decline in gross domestic product (GDP) growth over the past two decades, the imposition of Palestinian economic dependence on Israel, the theft of Palestinian natural resources, and Gaza's isolation.