The Palestinian Central Bureau of Statistics (PCBS) and the Palestine Monetary Authority (PMA) announced today the preliminary results of the International Investment Position (IIP) and External Debt statistics for Palestine as of the end of the second quarter 2023 and end of the year 2022.The primary results of the IIP (external assets – foreign liabilities) for Palestine at the end of the second quarter of 2023 revealed that the net IIP amounted to $3,397 million, an increase of 2% compared to the previous quarter, which means that the Palestinian economy’s investments outside Palestine outweigh investments in Palestine from abroad.The total stocks of External Assets for the Palestinian economy amounted to $9,514 million, the Foreign Direct Investment Abroad contributed to 3%, and Portfolio Investments abroad reached 17%, while Other Foreign Investments Abroad (mainly currency and deposits) reached 67% and Reserve Assets amounted to 13%. At the sectoral level, the external investments of the banking sect
or represented a large share of the external assets (balances abroad, vault cash and portfolio investment) standing at 66% of the total value of external assets for the Palestinian economy.The total stocks of Foreign Liabilities in Palestine (stocks of non-residents invested in Palestine) amounted to $6,117 million, the Foreign Direct Investment in Palestine contributed to 53%, Portfolio Investments in Palestine reached 13%, and Other Investments in Palestine (mainly loans and deposits from abroad) amounted to 34%. At the sectoral level, the foreign investments in the banks’ sector contributed a major value in the foreign liabilities, represented by 35% of the total value of foreign liabilities in the Palestinian economy.The Gross External Debt on the Palestinian economic sectors reached $2,109 million decreased by 3% compared with the previous quarter. Debt on the government sector represented 62%, while debt on the banking sector (deposits of non-residents in banks operating in Palestine) reached 35%, and d
ebt on other sectors (non-bank financial corporations, non-financial corporations, NGOs and households sector) amounted to 2%, and the lending between affiliated companies reached 1%.
 
Source: Palestine news and Information Agency – WAFA