Tuesday 27 June 2023
Last update on Tuesday, June 27, 2023 At 4:55 PM
A joint periodic report by the Central Bureau of Statistics and the Monetary Authority showed that Palestine's net international investment balance stood at USD 3.3 billion at the end of the first quarter of this year.
The report indicates that the total assets of the Palestinian economy invested abroad amount to 9.7 billion USD, divided between foreign direct investment (3%), portfolio investment (17%), other investments (68%) and reserve assets (12%).
On the other hand, the total balances of external liabilities (liabilities) on the Palestinian economy (non-resident equities invested in Palestine) amounted to approximately USD 6.4 billion, distributed between foreign direct investments (53%), portfolio investments (14%) and other investments (of which the most important are loans and deposits from abroad) about 33%.
At the sectoral level, foreign investment in the banking sector accounted for around 37% of total external liabilities to the Palestinian economy.
Improvement in the Trade Balance in April 2023
A decrease in the trade deficit of 20% was observed in April 2023 compared to March 2023. It also decreased by 15% compared to April 2022 and reached USD 468.8 million.
Exports decreased in April 2023 by -25% compared to March 2023, and increased by +1% compared to April 2022, to reach 112.4 M USD.
Imports decreased in April 2023 by -21% compared to March 2023 and also decreased by -13% compared to April 2022, reaching USD 581.2m.
Source French Embassy in Lebanon
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