Palestine: Foreign exchange reserves
* indicates monthly or quarterly data series
The most recent value is 1.32 billion U.S. Dollar as of December 2023, an increase compared to the previous value of 1.28 billion U.S. Dollar. Historically, the average for Palestine from September 2010 to December 2023 is 0.65 billion U.S. Dollar. The minimum of 0.3 billion U.S. Dollar was recorded in October 2016, while the maximum of 1.32 billion U.S. Dollar was reached in December 2023.
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* indicates monthly or quarterly data series
- Measure: billion U.S. Dollar
- Source: Palestine Monetary Authority
| Recent values | Palestine: Foreign exchange reserves, billion currency units |
|---|---|
| 2023 Dec | 1.32 |
| 2023 Nov | 1.28 |
| 2023 Oct | 1.18 |
| 2023 Sep | 1.24 |
| 2023 Aug | 1.22 |
| 2023 Jul | 1.21 |
| 2023 Jun | 1.21 |
| 2023 May | 1.21 |
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Definition: Foreign exchange reserves consist of foreign currency, deposits denominated in foreign
currency, Monetary Gold, Special Drawing Rights (SDRs) and Reserve position in the
International Monetary Fund (IMF). Foreign exchange reserves are held by monetary authorities
to finance trade imbalances, check the impact of foreign exchange fluctuations and address
other issues under the purview of the central bank.
| Related indicators | Latest | Reference | Measure |
|---|---|---|---|
| Terms of trade | 67.52 | 2021 | percent |
| Trade openness | 86.39 | 2023 | percent |
| Exports, percent of GDP | 19.59 | 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 | 0.60 | 2023 | percent |
| Foreign Direct Investment, billion dollars | 0.10 | 2023 | billion U.S. dollars |
| Portfolio investment inflows, equities | -141.87 | 2023 | million dollars (current) |
| Current account, percent of GDP | -16.70 | 2023 | percent |
| Current account, in dollars | -2.90 | 2023 | billion U.S. dollars |
| Trade balance, percent of GDP | -47.27 | 2023 | percent |
| Trade balance, in dollars | -8.22 | 2023 | 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 | 799.54 | 2023 | million USD |
| Foreign exchange reserves | 1.32 | 12/2023 | billion |