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The Deficit in
Current Account is USD 672.6 Million .
The
Balance of Payments (BOP) is an account measuring transactions between
residents and non-residents in a given period. It is considered to be the peak
of efforts in preparing systematic economic statistics that are necessary for
observing economic performance in general and for deriving essential data used
in compiling the Rest of the World Account as part of the Palestinian National
Accounts. BoP consists of two main accounts, the Current Account and the
Capital and Financial Account.
The
main findings of the preliminary results of BoP for the third quarter of 2012
are including:
The incessant deficit of the Current Account amounted
to USD 672.6 million (25.7 percent of the GDP at current prices for the 3rd
quarter of 2012) with a decrease of 15.2 percent compared to the previous
quarter. The deficit of Current Account
was caused mainly by the deficit in the Trade Balance of goods which was USD 1,232.0
million (47.1 percent of the GDP at current prices) with a decrease of 0.4
percent compared to the previous quarter.
The
deficit in Services Balance amounted to USD 84.2 million with a decrease of 7.4 percent compared to
the previous quarter. This decrease was caused
by the increase of the exports in government services in addition to the decrease
of the imports in government services.
The
surplus in Income Balance (compensations of employees and investments income)
amounted to USD 279.1 million with an increase of 0.4 percent compared to the previous
quarter, this surplus was due to surplus in Compensations of Employees working
in Israel
According
to the Current Transfers, the surplus value amounted to USD 364.5 million with
an increase of 49.9 percent compared to the previous quarter. The donors’ current transfers was 27.4 percent
of total value of receipts from abroad.
The
surplus value of Capital and Financial Account amounted to USD 614.1 million
was mainly caused by the surplus in Financial Account amounted to USD 532.7
million (Direct Investments, Portfolio Investments, Other Investments, and
Reserve Assets).
The
changes on Reserve Assets flow (increase) amounted to USD 37.2 million in PMA, which are reflected in the Overall Balance
surplus in the Palestinian case due to the absence of other financing
resources.
For
further details please contact:
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Palestinian
Central Bureau of Statistics
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Tel: (972/970) 2 2415250
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Tel: (972/970) 2 2982700
Toll
free: 1800300300
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Fax: (972/970) 2 240 9922
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Fax: (972/970) 2 2982710
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E-Mail: diwan@pcbs.gov.ps
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E-Mail: Info@pma.ps
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Web-site: http://www. pma.ps
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