Israel’s International Investment Position (IIP), second quarter of 2024

Israel's International Investment Position (IIP), second quarter of 2024

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• In the second quarter of 2024, the balance of assets held abroad by Israeli residents increased by approximately $13.6 billion (about 1.9 percent), to about $732 billion at the end of June. The increase was mainly due to net investments abroad by Israeli residents and an increase in the prices of foreign securities held by Israeli residents.
• Outstanding liabilities to abroad declined by approximately $5.1 billion (about 1 percent) in the second quarter, to about $503 billion at the end of the quarter. The decline was primarily due to a decline in the prices of Israeli securities held by nonresidents. The decline was partly offset by net direct investments by nonresidents.
• In the second quarter, there was an increase in nonresidents' direct investments in the Israeli economy, as well as a significant moderation in nonresidents' net realizations of Israeli securities, relative to the previous two quarters.
• Israel's surplus of assets over liabilities vis-à-vis abroad increased by approximately $18.7 billion (8.9 percent) in the second quarter, to about $229 billion at the end of the quarter.
• The surplus of assets over liabilities vis-à-vis abroad in debt instruments alone (negative net external debt) increased by about $9.5 billion (3.7 percent) during the second quarter, to approximately $266 billion at the end of June.
• The ratio of gross external debt to GDP declined by about 1.1 percentage points in the second quarter, to about 27.2 percent at the end of June.