• In the third quarter of 2021, the balance of assets held abroad by Israeli residents increased by approximately $7 billion (1 percent), to about $675 billion at the end of September. The increase derived mainly from growth in the balance of other investments and growth in reserve assets.
  • Outstanding liabilities to abroad increased by approximately $27 billion (6 percent) in the third quarter, to about $516 billion at the end of the quarter. The increase derived primarily from an increase in the securities portfolio value.
  • Israel’s surplus of assets over liabilities vis-à-vis abroad in the third quarter decreased by approximately $20 billion (11 percent), to about $159 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) remained essentially unchanged during the third quarter, to approximately $212 billion at quarter end.
  • The ratio of gross external debt to GDP decreased by 0.4 percentage points during the course of the third quarter, to 33.1 percent at the end of September. The decline in the debt to GDP ratio in the third quarter reflected an increase of 2.3 percent in the balance of external debt and an increase of 3.6 percent in GDP (in dollar terms).
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