The current account surplus in Israel narrowed to USD 1.764 billion in the third quarter of 2018 from USD 2.371 in the corresponding period of the previous year. The goods and services surplus declined to EUR 0.582 billion from EUR 1.019 billion in the July to September period of 2017 and the secondary income surplus fell to EUR 1.791 billion from EUR 2.371 billion. Additionally, the primary income gap rose to EUR 0.610 billion from EUR 0.554 billion a year earlier. Current Account in Israel averaged 376.33 USD Million from 1975 until 2018, reaching an all time high of 4530.20 USD Million in the third quarter of 2015 and a record low of -1750.20 USD Million in the second quarter of 1994.
Current Account in Israel is expected to be 1746.00 USD Million by the end of this quarter, according to Trading Economics global macro models and analysts expectations. Looking forward, we estimate Current Account in Israel to stand at 2168.52 in 12 months time. In the long-term, the Israel Current Account is projected to trend around 1650.00 USD Million in 2020, according to our econometric models.