A new United Nations report says Gaza could be "uninhabitable" in less than five years if current economic trends continue.

The report released Tuesday by the U.N. Conference on Trade and Development points to the eight years of economic blockade of Gaza as well as the three wars between Israel and the Palestinians there over the past six years.

Last year's war displaced half a million people and left parts of Gaza destroyed.

The new report says the wars have "shattered its ability to export and produce for the domestic market" and left no time for reconstruction.

It says Gaza's "de-development," or development in reverse, has been accelerated.

Israel and Egypt have maintained a blockade of Gaza since the Islamic militant group Hamas seized control of the territory in 2007.