Preliminary results of the Foreign Investment Survey of Resident Enterprises in Palestine as of end of year 2020 showed that the external investments by resident enterprises in Palestine were greater than investments by non-residents, today said a joint report by the Palestinian Central Bureau of Statistics (PCBS) and the Palestine Monetary Authority (PMA).

The total foreign direct investment stock in resident enterprises in Palestine amounted to $1,671 million at the end of 2020, said the joint report, taking into consideration the specification of the Palestinian situation; that Palestine does not own a national currency, which is included in the other investments on the assets side.

In this regard, the total investment stock abroad of resident enterprises in Palestine (assets) amounted to $8,088 million at the end of 2020, of which 67.5% is a foreign exchange in these enterprises and their deposits in banks abroad.

In addition, the total foreign investment stock in resident enterprises in Palestine (liabilities) amounts to $3,066 million at the end of 2020, of which 54.5% is a foreign direct investment (FDI).

The total investments stock abroad of resident enterprises in Palestine (assets) at the end of 2020 was distributed as: Other investments abroad amounted to $5,624 million with a percentage of 69.5% of total assets; portfolio investments abroad amounted to $1,463 million with a percentage of 18.1% of total assets; stock of reserve assets for the PMA amounted to $697 million with a percentage of 8.6% of total assets, and the foreign direct investments (FDI) abroad amounted to $304 million with a percentage of 3.8% of total assets at the end of 2020.

While the total foreign investment stock in resident enterprises in Palestine (liabilities) was distributed as: Foreign direct investments (FDI) amounted to $1,671 million with a percentage of 54.5% of total liabilities; portfolio investments were $668 million with a percentage of 21.8% of total liabilities; while other investments totaled $727 million with a percentage of 23.7% of total liabilities at the end of 2020.

Results showed that 64.3% of foreign direct investments (FDI) in resident enterprises in Palestine are concentrated in the financial intermediation activity. Whereas investments from Jordan contributed 80.8% of the total stock of FDI in resident enterprises in Palestine.

Results also showed that 59.8% of total portfolio investments in resident enterprises in Palestine are concentrated in the financial intermediation activity. Whereas investments from Jordan contributed 46.4% of the total stock of Portfolio investments in resident enterprises in Palestine.

Source: Palestinian News & Info Agency

By webdesk