RAMALLAH, December 4, 2011 (WAFA) - Palestinian economic investments outside the Palestinian Territory are higher than foreign investments inside it, according to a Palestinian Central Bureau of Statistics (PCBS) report.  

PCBS and the Palestine Monetary Authority (PMA) have prepared, for the first time, a press release of the International Investment Position (IIP) of the Palestinian Territory in 2010.

The primary results of the IIP (external assets – foreign liabilities) for the Palestinian Territory by the end of 2010 revealed that net IIP amounts to $2084 million, which means that the Palestinian economy, in its various sectors, has invested outside the Palestinian Territory by more than the investment amount inside from abroad.

The cash deposits of local banks in foreign banks and the foreign exchange in the Palestinian economy had contributed majorly in external assets, representing 58% of their total value.

Total stocks of External Assets for the Palestinian Territory (stocks of residents in the Palestinian Territory invested abroad) amounted to $5424 million: foreign direct investment abroad contributed to 4%, portfolio investments abroad reached 15%, while other foreign investments abroad reached 64% and reserve assets amounted to 17%.

M.H./F.J.