Arab Today, arab today balance of payment drops by 50 in q3
Last Updated : GMT 03:48:21
Arab Today, arab today
Arab Today, arab today

Balance of Payment Drops by 50% in Q3

Arab Today, arab today

Arab Today, arab today Balance of Payment Drops by 50% in Q3

Ramallah - Wafa

Balance of payment for the Palestinian Territory dropped by more than 50% in third quarter 2011 compared to the previous quarter, a joint Palestinian Central Bureau of Statistics (PCBS) and Palestine Monetary Authority (PMA) report said Tuesday. The report on the main findings of the preliminary results of balance of payment for the Palestinian Territory for the third quarter said the deficit value of the current account amounted to $291.6 million, 12.2% of the GDP in current prices for the third quarter, a decrease by 52.3% compared to the previous Quarter. The deficit of current account was caused mainly by the deficit in the trade balance of goods, which was $1,013.0 million, 42.2% of the GDP in current prices, a decrease by 1.6% compared to the previous quarter. The deficit in services balance amounted to $88.9 million, an increase by 30% compared to the previous quarter, said the PCBS. The increase in this deficit was caused by the decrease of the exports in transportation and communication services in addition to the increase of the imports in personal and cultural services. The surplus in income balance -- compensations of employees and investments income -- amounted to $305.1 million, an increase by 10.7% compared to the previous quarter. This surplus, said the joint PCBS, PMA report, was due to surplus in compensations of employees working in Israel which reached 284.1 million. The received investments income amounted to $22.7 million, mainly caused by the interest received on Palestinian deposits in banks abroad. According to the net current transfers, the surplus value amounted to $505.2 million, an increase by 138.9% compared to the previous quarter. The donors’ current transfers were 57.8% of total value of receipts from abroad. While the private sector was 40.2% of total value of receipts from abroad. The surplus value of capital and financial account amounted to $199.7 million, mainly caused by the surplus in the capital account (amounting to $194.7 million), surplus by the donors’ capital transfers, in addition to the surplus in financial account (direct investments, portfolio investments, other investments, and reserve assets) which amounted to $5 million. The changes on reserve assets flow decreased to reach the amount of $104.0 million in PMA, which are reflected in the overall balance surplus in Palestine due to the absence of other financing resources.  

Name *

E-mail *

Comment Title*

Comment *

: Characters Left

Mandatory *

Terms of use

Publishing Terms: Not to offend the author, or to persons or sanctities or attacking religions or divine self. And stay away from sectarian and racial incitement and insults.

I agree with the Terms of Use

Security Code*

Arab Today, arab today balance of payment drops by 50 in q3 Arab Today, arab today balance of payment drops by 50 in q3

 



Arab Today, arab today
Arab Today, arab today Hats, scarves add beauty to women

GMT 19:10 2017 Friday ,17 February

Hats, scarves add beauty to women
Arab Today, arab today Tourist guide reveals methods of tourist attractions

GMT 17:46 2017 Saturday ,18 February

Tourist guide reveals methods of tourist attractions
Arab Today, arab today To release new antiques collection

GMT 20:33 2017 Friday ,17 February

To release new antiques collection
Arab Today, arab today Leader Omar Abdel Rahman dies in US prison

GMT 19:00 2017 Sunday ,19 February

Leader Omar Abdel Rahman dies in US prison
Arab Today, arab today Murder of 2 reporters in Dominican Republic

GMT 22:45 2017 Thursday ,16 February

Murder of 2 reporters in Dominican Republic

GMT 05:26 2017 Sunday ,19 February

US natural gas market tightens

GMT 05:06 2017 Sunday ,19 February

Merkel: Euro is too low for Germany

GMT 04:58 2017 Sunday ,19 February

Swedish PM: Brexit deal in 2 years is unlikely

GMT 20:02 2017 Saturday ,18 February

Gold edges higher as global equities lose momentum

GMT 10:20 2017 Thursday ,16 February

New Zealand's Spark rings up interim profit rise
View News in Arabic - Business: نفط وبتروكيماويات
Arab Today, arab today
Arab Today, arab today
Arab Today, arab today Kidogo provides childcare for underserved

GMT 20:24 2017 Wednesday ,15 February

Kidogo provides childcare for underserved
Arab Today, arab today Tragic fluctuations of Bakhtiari's life revealed

GMT 06:50 2017 Wednesday ,15 February

Tragic fluctuations of Bakhtiari's life revealed
Arab Today, arab today London to tax old cars

GMT 14:06 2017 Friday ,17 February

London to tax old cars
Arab Today, arab today Pluto's unruly moons

GMT 06:31 2015 Thursday ,04 June

Pluto's unruly moons
Arab Today, arab today Competes Sweden and Germans by S90

GMT 22:36 2017 Thursday ,16 February

Competes Sweden and Germans by S90
Arab Today, arab today Porsche reveals new 2018 Panamera

GMT 17:31 2017 Wednesday ,15 February

Porsche reveals new 2018 Panamera
Arab Today, arab today Actress Nadeen Al Rassi views art as her entity

GMT 07:30 2017 Saturday ,18 February

Actress Nadeen Al Rassi views art as her entity
Arab Today, arab today Teach monkeys to recognize themselves in mirror

GMT 20:41 2017 Wednesday ,15 February

Teach monkeys to recognize themselves in mirror

GMT 07:05 2017 Friday ,17 February

Singer Diana Karzon will issue a new album soon

GMT 06:40 2017 Friday ,10 February

MP calls for removing text from Islamic story

GMT 13:16 2017 Tuesday ,14 February

First fashion model with Down syndrome

GMT 10:26 2017 Tuesday ,14 February

Emergency UN meeting in Harare

GMT 14:04 2017 Tuesday ,14 February

"Lagom" new Swedish concept in interior design

GMT 12:07 2017 Thursday ,16 February

Bite-mimicking malaria vaccine

GMT 09:03 2017 Thursday ,16 February

Tour guide praises women’s beaches

GMT 13:12 2015 Saturday ,09 May

Sheikh Sultan opens Sharjah Centre

GMT 21:42 2017 Sunday ,12 February

Rania al-Ghazali designs candles of bubbles
Arab Today, arab today
Arab Today, arab today
 
 Arab Today Facebook,arab today facebook  Arab Today Twitter,arab today twitter Arab Today Rss,arab today rss  Arab Today Youtube,arab today youtube  Arab Today Youtube,arab today youtube
arabstoday arabstoday arabstoday arabstoday
arabstoday arabstoday arabstoday
arabstoday
بناية النخيل - رأس النبع _ خلف السفارة الفرنسية _بيروت - لبنان
arabstoday, Arabstoday, Arabstoday