The Preliminary Results of the Annual Balance of Payments for Palestine* for Year 2016

 

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Value in USD millions.

Item

2016

CURRENT ACCOUNT (net)

-1941.3  

  Goods (net)

-4327.3  

  Exports (fob)

   1,879.2  

  Imports (fob)

   6,206.5  

  Services (net)

-918.7  

     Exports

501.5  

     Imports

   1,420.2  

  Income (net)

   1,896.0  

     Receipts

   2,014.6  

        Of which Compensation of employees

   1,894.5  

             Of which from Israel

   1,880.3  

        Of which Investment income

120.1  

     Payments

118.6  

  Current transfers (net)

   1,408.7  

     Inflows

   1,897.4  

        Of which General government

448.5  

             Of which from donors

325.7  

        Of which Other sectors

   1,448.9  

             Of which from donors

133.8  

     Outflows

488.7  

CAPITAL AND FINANCIAL ACCOUNT (net)

1,701.1

  Capital account (net)

682.0

    Capital transfers (net)

694.6

      Inflows

694.6

        Of which General government

436.8

             Of which from donors

434.2

        Of which Other sectors

257.8

      Outflows

0.0

    Acquisitions/disposals of non-produced, non-financial assets (net)

-12.6

  Financial account (net)**

1,019.1

    Direct investment (net)

341.5

      Abroad (net)

44.8

      In Palestine (net)

296.7

   Portfolio investment (net)

-295.5

     Assets (net)

-52.9

     Liabilities (net)

-242.6

   Other investment (net)

705.0

     Assets (net)

744.5

        Currency and deposits***

869.6

     Liabilities (net)

-39.5

 Of wich Loans

-29.4

       Of wich Currency and deposits****

-33.7

   Change in  Reserve Assets (- = increase/ + = decrease)

268.1

   Exceptional financing 

2.5

   Errors and omissions, (net)****

240.2

OVERALL BALANCE

-270.6

FINANCING (INCREASE IN ASSETS IS NEG.)

270.6

* The data excludes that part of Jerusalem which was annexed forcefully by Israel following its occupation of the West Bank in 1967.

** Includes Reserve Assets.

*** Currency and deposits: Including the cash of foreign currency in the banks and the deposits of the Palestinian institutions deposited abroad.

**** Currency and deposits : Includes the deposits of non-residents deposited in Local banks.

***** Errors and omissions (net): Includes the different between current account (net) one hand, and capital and financial account (net) on the other hand.

Notes: 

The data of Balance of Payments had been updated according to National accounts updates.

The data of Financial account will be updated according to the recomdations of IMF technical mission due to this topic.