The Bank of Israel published Israel’s International Investment Position data for the fourth quarter of 2025, showing a USD 28 billion (about 4.5 percent) increase in the economy’s outstanding liabilities to abroad to about USD 652 billion, alongside a USD 29 billion (about 3.2 percent) increase in Israeli residents’ assets held abroad to about USD 915 billion. As a result, the surplus of assets over liabilities vis-à-vis abroad rose by USD 1 billion to about USD 263 billion at end-December. Nonresidents’ direct investment in Israel increased during the quarter, including in share capital, relative to the previous four quarters, and prices of Israeli securities held by nonresidents also increased. The rise in residents’ foreign assets was mainly driven by net investments abroad by Israeli residents and higher prices of foreign securities held by residents. Net external debt in debt instruments alone (negative net external debt) increased by about USD 9 billion to approximately USD 331 billion, while the ratio of gross external debt to GDP (in dollar terms) declined by 0.2 percentage points to about 26.6 percent. For full-year 2025, net investments in the economy by nonresidents totalled USD 39 billion (USD 25 billion in 2024), mainly due to higher direct investment (mainly reinvested earnings), and Israeli residents’ net investments abroad totalled USD 56 billion, higher than in 2024.