The current account surplus in Israel rose to USD 3.93 billion in the third quarter of 2019 from USD 2.98 billion in the corresponding period of 2018. The goods and services surplus went up to USD 1.82 billion from USD 1.02 billion a year earlier, as the services surplus rose to USD 5.82 billion from USD 5.51 billion and the goods deficit shrank to USD 4.0 billion from USD 4.49 billion. Also, the secondary income surplus increased to USD 2.03 billion from USD 1.78 billion. In contrast, the primary income surplus fell to USD 0.08 billion from USD 0.18 billion in the same period of 2018.

Current Account in Israel averaged 415.80 USD Million from 1975 until 2019, reaching an all time high of 4385.90 USD Million in the third quarter of 2015 and a record low of -1750.20 USD Million in the second quarter of 1994. This page provides the latest reported value for - Israel Current Account - plus previous releases, historical high and low, short-term forecast and long-term prediction, economic calendar, survey consensus and news.

Current Account in Israel is expected to be 3400.00 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 2150.00 in 12 months time. In the long-term, the Israel Current Account is projected to trend around 2150.00 USD Million in 2020, according to our econometric models.

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Israel Current Account

Actual Previous Highest Lowest Dates Unit Frequency
3932.20 4232.90 4385.90 -1750.20 1975 - 2019 USD Million Quarterly
SA

Calendar GMT Actual Previous Consensus TEForecast
2019-03-10 11:00 AM Q4 $4.2B $2.9B $ 1.7B
2019-06-17 10:30 AM Q1 $2.6B $2.8B $1.7B
2019-09-15 10:00 AM Q2 $4.2B $2.8B $2.0B
2019-12-15 11:10 AM Q3 $3.9B $4.2B $3.2B
2020-03-08 11:00 AM Q4 $3.9B $ 3.2B


News Stream
2019-09-15
Israel Current Account Surplus Widens in Q2
The current account surplus in Israel rose to USD 4.21 billion in the second quarter of 2019 from USD 2.0 billion in the corresponding period of 2018. The goods and services surplus jumped to USD 1.55 billion from USD 0.12 billion a year earlier; the primary income surplus widened to USD 0.59 billion from USD 0.08 billion and the secondary income surplus advanced to USD 2.07 billion from USD 1.85 billion.

2019-06-17
Israel Current Account Surplus Widens in Q1
The current account surplus in Israel rose to USD 2.60 billion in the first quarter of 2019 from USD 1.73 billion in the corresponding period of 2018. The goods and services account recorded a USD 832 million surplus swinging from a USD 77 million deficit a year ago while the primary income gap narrowed to USD 55 million from USD 333 million. Meanwhile, the secondary income surplus decreased to USD 1,830 million from USD 2,145 million in Q1 of the previous year.

2019-03-10
Israel Current Account Surplus Widens in Q4
The current account surplus in Israel rose to USD 4.187 billion in the fourth quarter of 2018 from USD 2.188 billion in the corresponding period of 2017. The goods and services surplus widened to USD 0.910 billion from USD 0.646 billion a year earlier and the primary income account posted a surplus of USD 1.135 billion, switching from a USD 0.790 billion deficit. Meanwhile, the secondary income surplus narrowed to USD 2.143 billion from USD 2.332 billion in Q4 of the previous year. Considering full 2018, the current account surplus increased to USD 11 billion from USD 10.1 billion in 2017.


Israel Current Account
Current Account is the sum of the balance of trade (exports minus imports of goods and services), net factor income (such as interest and dividends) and net transfer payments (such as foreign aid).

Israel Trade Last Previous Highest Lowest Unit
Balance of Trade -3039.30 -965.90 113.80 -3059.40 USD Million [+]
Current Account 3932.20 4232.90 4385.90 -1750.20 USD Million [+]
Current Account to GDP 1.90 2.60 5.30 -8.40 percent [+]
Imports 7109.90 5667.20 7234.90 33.10 USD Million [+]
Exports 4070.60 4701.30 5848.30 10.80 USD Million [+]
External Debt 98329.20 97463.60 115301.00 18963.00 USD Million [+]
Terms of Trade 98.05 96.68 120.76 87.22 points [+]
Capital Flows 1306.20 781.90 8287.10 -3525.60 USD Million [+]
Foreign Direct Investment 49899.00 48141.40 49899.00 -10028.10 USD Million [+]
Remittances 1164.30 1224.80 1541.60 46.60 USD Million [+]
Tourist Arrivals 358.30 451.20 486.00 15.00 Thousand [+]
Terrorism Index 4.53 4.58 6.86 4.53 [+]
Weapons Sales 707.00 1254.00 1441.00 4.00 USD Million [+]
Crude Oil Production 0.39 0.39 0.39 0.06 BBL/D/1K [+]