Israel’s International Investment Position (IIP), second quarter of 2022

  •  In the second quarter of 2022, the balance of assets held abroad by Israeli residents declined by approximately $51 billion (about 8 percent), to about $636 billion at the end of June. The decline was mainly due to a decline in prices of foreign securities held by Israelis.
  • Outstanding liabilities to abroad declined by approximately $34 billion (about 7 percent) in the second quarter, to about $476 billion at the end of the quarter. The decline was primarily due to a decline in prices of Israeli securities held by nonresidents.
  • Israel’s surplus of assets over liabilities vis-à-vis abroad declined in the second quarter by approximately $18 billion (10 percent), to about $160 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) declined during the second quarter by about $12 billion (6 percent), to approximately $197 billion at the end of June.
  • The ratio of gross external debt to GDP declined by 1 percentage point during the course of the second quarter, to 31.3 percent at the end of June. The decline in the debt to GDP ratio in the second quarter reflected a decline of about 2 percent in the balance of external debt and an increase of about 1 percent in GDP (in dollar terms).