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PCBS | PCBS & PMA: Announce preliminary results of the Foreign Investment Survey, at the end of 2024

The Palestinian Central Bureau of Statistics (PCBS) And

The Palestine Monetary Authority (PMA)

Announce preliminary results of the Foreign Investment

Survey at the end of 2024

 

The total foreign direct investment stock in resident enterprises in Palestine amounted to USD 2,348 million at the end of 2024 

The Palestinian Central Bureau of Statistics (PCBS) and the Palestine Monetary Authority (PMA) have released the preliminary results of the Foreign Investment Survey of Resident Enterprises in Palestine as of the end of 2024.  This survey is part of the periodic release of foreign investment data, representing the continuation of efforts made by both institutions. 

Key Findings

The total investment stock abroad of resident enterprises in Palestine (assets) amounted to USD 11,013 million at the end of 2024, of which 68% was foreign currency in these enterprises and their deposits in banks abroad. Considering the specific situation of Palestine, Palestine does not own a national currency, which is included in the other investments on the assets side.

In addition, the total foreign investment stock in resident enterprises in Palestine (liabilities) amounted to USD 3,704 million at the end of 2024, with 63% being foreign direct investment (FDI). (See table 1).

The total investments stock abroad of resident enterprises in Palestine (assets) at the end of 2024 was distributed as Other investments (trade credit, loans, currency and deposits, other assets) abroad amounted to USD 7,654 million, with a rate of 70% of total assets; portfolio investments abroad amounted to USD 1,774 million, with a rate of 16% of total assets; stock of reserve assets for the PMA amounted to USD 1,328 million, with a rate of 12 % of total assets; and the foreign direct investments (FDI) abroad amounted to USD 257 million, with a rate of 2% of total assets at the end of 2024.

While the total foreign investment stock in resident enterprises in Palestine (liabilities) was distributed as Foreign Direct Investments (FDI) amounted to USD 2,348 million, with a rate of 64% of total liabilities; portfolio investments were USD 608 million, with a rate 16% of total liabilities; while other investments (trade credit, loans, currency and deposits, other liabilities) totaled USD 748 million with a rate of 20% of total liabilities at the end of 2024. 

Results showed that 57% of foreign direct investments (FDI) in resident enterprises in Palestine concentrated in the financial intermediation activity. Whereas investments from Jordan contributed 81% of the total stock of FDI in resident enterprises in Palestine. 

Results also showed that 59% of total portfolio investments in resident enterprises in Palestine concentrated in the financial intermediation activity. Whereas investments from Jordan contributed 58% of the total stock of Portfolio investments in resident enterprises in Palestine.

The Foreign Investment Survey serves as a fundamental tool for compiling international investment position (IIP) data on private economic activities. It captures flows and balances of investments made by resident enterprises in Palestine abroad. In addition to balances and flows of foreign investments in resident enterprises in Palestine. The survey provides a clear depiction of Palestine’s external financial assets and liabilities, categorized by economic activity and country. It aligns with international recommendations and considers Palestine’s unique circumstances. Data classification follows functional categories consistent with financial account components in the balance of payments and IIP, incorporating adjustments for non-economic transaction-related changes.

This ongoing effort underscores the commitment to international standards, while acknowledging Palestine’s distinctive economic context. 

 

Table 1: Main Indicators of the Foreign Investment Survey of Resident Enterprises in Palestine (stocks) at end of 2024

 

   Value in million USD

 


 

 


Indicator

Stock 2024

Percentage (%)





Total Assets*

11,013

100


Stocks of Foreign Direct Investment

257

2.0


Stocks of Portfolio Investments

1,774

16.0


of which: Equity securities

519

 


of which: Debt securities

1,255

 


Stocks of Other Investments:

7,654

70.0


of which: Trade credits

29

 


of which: Loans

144

 


of which: Currency and deposits

7,481

 


of which: Other Assets

0

 


Stocks of Reserves Assets

1,328

12.0


Total Liabilities**

3,704

100


Stocks of Foreign Direct Investment

2,348

64


Stocks of Portfolio Investments

608

16


of which: Equity securities

608

 


of which: Debt securities

0

 


Stocks of Other Investments:

748

20


of which: Trade credits

0



of which: Loans

120



of which: Currency and deposits

628



of which: Other Liabilities

0



*Assets are the investments abroad of Resident enterprises in Palestine

** Liabilities are the foreign investments in Resident enterprises in Palestine

 








 

 

Table 2: Percentage Distribution of Foreign Direct Investment (FDI)

 in Resident Enterprises in Palestine by Economic Activity at end of 2024



Economic Activity

Value

 (in Million USD)

Percentage (%)


Financial Intermediation

1,329

56.6


Services, Transport, Storage, communications & internal trade

590

25.1


Constructions

225

9.6


Industry

204

8.7


Total

2,348

100


Table 3: Percentage Distribution of Foreign Direct Investment (FDI)

in Resident Enterprises in Palestine by Country at end of 2024

 


 


Country

Value (in Million USD)

Percentage (%)


Jordan

1,892

80.6


Qatar

143

6.1


Saudi Arabia

89

3.8


USA

61

2.6


Egypt

52

2.2


France

47

2.0


Bahrain

33

1.4


UAE

16

0.7


Cyprus

9

0.4


Other

6

0.2


Total

2,348

          100






 

Table 4: Percentage Distribution of Foreign Portfolio Investment in Resident Enterprises in Palestine by Economic Activity at end of 2024



Economic Activity

Value

(in Million USD)

Percentage (%)


Financial Intermediation

359

59.1


Services, Transport, Storage, Communications & Internal Trade

166

27.3


Constructions

44

7.2


Industry

39

6.4


Total

608

100



Table 5: Percentage Distribution of Foreign Portfolio Investment in Resident Enterprises in Palestine by Country at end of 2024



Country

Value

 (in Million USD)

Percentage (%)


Jordan

353

58.0


Kingdom of Saudi Arabia

71

11.7


United Arab Emirates

55

9.0


Kuwait

29

4.8


Qatar

26

4.3


Cyprus

15

2.5


Bahrain

12

2.0


Greece

12

2.0


United Kingdom

9

1.4


United States of America

8

1.3


Other countries

18

3.0


Total

608

100


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