Israel’s Current Account Surplus Widely Sharpens

Israel’s current account surplus widened sharply to $3.4 billion in the fourth quarter of 2025, up from a revised $0.6 billion in the prior period. The goods and services surplus expanded to $6.0 billion from $2.8 billion in the last quarter, and the primary income deficit narrowed to $2.9 billion from $3.1 billion. The secondary income surplus declined to $0.4 billion from $0.8 billion. For the full year, Israel’s current account surplus fell to $8.5 billion from $15.4 billion.

Israel recorded a current account surplus of $5.72 billion in the first quarter of 2025, the largest since Q4 2023, up from an upwardly revised $3.99 billion in the previous quarter. The goods deficit narrowed to $6.94 billion from $7.87 billion in the prior quarter, while the services surplus slipped slightly to $10.14 billion from $10.49 billion. The primary income account swung to a $0.08 billion surplus, reversing a $0.74 billion deficit. Meanwhile, the secondary income surplus increased to $2.44 billion from $2.11 billion.