Palestine: Reserves
* indicates monthly or quarterly data series
| Palestine |
Foreign exchange reserves including gold, billion USD |
|---|---|
| Latest value | 1.32 |
| Year | 2023 |
| Measure | billion U.S. dollars |
| Data availability | 2006 - 2023 |
| Average | 0.61 |
| Min - Max | 0.31 - 1.32 |
| Source | The World Bank |
The latest value from 2023 is 1.32 billion U.S. dollars, an increase from 0.9 billion U.S. dollars in 2022. In comparison, the world average is 107.34 billion U.S. dollars, based on data from 135 countries. Historically, the average for Palestine from 2006 to 2023 is 0.61 billion U.S. dollars. The minimum value, 0.31 billion U.S. dollars, was reached in 2006 while the maximum of 1.32 billion U.S. dollars was recorded in 2023.
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* indicates monthly or quarterly data series
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The reserves of Palestine and other countries include their holdings of foreign currencies and gold. These are the reserves of the central bank and the treasury of the country, not the private sector.
When countries export products or attract investment from other countries, they receive foreign currencies. They use some of these currencies to buy imports and to invest in other countries. The rest is held in reserves and some of the reserves may be converted to gold.
When countries export products or attract investment from other countries, they receive foreign currencies. They use some of these currencies to buy imports and to invest in other countries. The rest is held in reserves and some of the reserves may be converted to gold.
Definition: Total reserves comprise holdings of monetary gold, special drawing rights, reserves of IMF members held by the IMF, and holdings of foreign exchange under the control of monetary authorities. The gold component of these reserves is valued at year-end (December 31) London prices. Data are in current U.S. dollars.
Selected articles from our guide:
What factors determine the exchange rates
International lending and sovereign debt
All articles
| Related indicators | Latest | Reference | Measure |
|---|---|---|---|
| Terms of trade | 67.52 | 2021 | percent |
| Trade openness | 86.52 | 2023 | percent |
| Exports, percent of GDP | 19.62 | 2023 | percent |
| Exports, billion dollars | 3.41 | 2023 | billion U.S. dollars |
| Growth of exports | 5.71 | 2023 | percent |
| Imports, percent of GDP | 66.89 | 2023 | percent |
| Imports, billion dollars | 11.64 | 2023 | billion U.S. dollars |
| Foreign Direct Investment, percent of GDP | 1.22 | 2022 | percent |
| Foreign Direct Investment, billion dollars | 0.23 | 2022 | billion U.S. dollars |
| Portfolio investment inflows, equities | -53.00 | 2022 | million dollars (current) |
| Current account, percent of GDP | -15.00 | 2022 | percent |
| Current account, in dollars | -2.04 | 2022 | billion U.S. dollars |
| Trade balance, percent of GDP | -48.82 | 2022 | percent |
| Trade balance, in dollars | -8.72 | 2022 | billion U.S. dollars |
| Reserves | 1.32 | 2023 | billion U.S. dollars |
| Remittances, percent of GDP | 21.84 | 2023 | percent |
| Remittances | 3,800.00 | 2023 | million U.S. dollars |
| Net errors and omissions | 791.81 | 2022 | million USD |
| Foreign exchange reserves | 1.32 | 12/2023 | billion |