Palestine's current account deficit narrowed to USD 373.3 million in the second quarter of 2018 from USD 467.4 million in the same period a year earlier, a preliminary result showed. The current transfer surplus increased to USD 450.2 million from USD 382.8 million in Q2 2017 while the income surplus went up to USD 603.7 million from USD 418.7 million in the same period of 2017. Meantime, the goods account deficit increased to USD 1,178.9 million from USD 1,055.9 million in Q2 2017 while the services account gap rose to USD 248.3 million from USD 213 million. Current Account in Palestine averaged -537.46 USD Million from 2000 until 2016, reaching an all time high of 764.40 USD Million in the fourth quarter of 2008 and a record low of -1516.00 USD Million in the fourth quarter of 2004.

Current Account in Palestine is expected to be -395.00 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 Palestine to stand at -420.00 in 12 months time. In the long-term, the Palestine Current Account is projected to trend around -450.00 USD Million in 2020, according to our econometric models.

Palestine Current Account
Forecast Data Chart
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Calendar GMT Actual Previous Consensus TEForecast
2018-03-27 06:35 AM Current Account $-303.6M $-443.7M $ -462.7M
2018-06-25 06:20 AM Current Account $-442.1M $-303.6M $ -294.1M
2018-09-19 06:25 AM Current Account $-373.3M $-442.1M $ -485M
2018-12-23 07:00 AM Current Account $-373.3M $-395M

Palestine Trade Last Previous Highest Lowest Unit
Balance of Trade -404.60 -396.80 -66.79 -429.10 USD Million [+]
Exports 89.00 91.10 97.00 15.92 USD Million [+]
Imports 493.60 487.90 497.40 82.71 USD Million [+]
Current Account -373.30 -442.10 764.40 -1516.00 USD Million [+]
Current Account to GDP -10.80 -14.50 -8.10 -34.95 percent [+]
Terrorism Index 5.55 5.66 6.06 4.09 [+]
Tourist Arrivals 503.00 400.00 556.00 33.00 Thousand [+]
Foreign Direct Investment 2705.00 2683.00 2791.00 892.90 USD Million [+]

Exports by Country  |   Exports by Category  |   Imports by Country  |   Imports by Category

Palestine 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). This page provides the latest reported value for - Palestine Current Account - plus previous releases, historical high and low, short-term forecast and long-term prediction, economic calendar, survey consensus and news. Palestine Current Account - actual data, historical chart and calendar of releases - was last updated on November of 2018.

Actual Previous Highest Lowest Dates Unit Frequency
-373.30 -442.10 764.40 -1516.00 2000 - 2018 USD Million Quarterly

Country Last
Argentina -8292.00 Jun/18
Australia -13472.00 Jun/18
Brazil 31.80 Sep/18
Canada -15880.00 Jun/18
China 160.00 Sep/18
Euro Area 24.07 Sep/18
France -1918.00 Sep/18
Germany 21141.17 Sep/18
India -15807.13 Jun/18
Indonesia -8846.10 Sep/18
Italy 3154.00 Sep/18
Japan 1821.60 Sep/18
Mexico -3882.10 Jun/18
Netherlands 16769.50 Jun/18
Russia 26400.00 Sep/18
Saudi Arabia 19181.00 Jun/18
Singapore 22832.40 Jun/18
South Africa -163760.00 Jun/18
South Korea 10831.40 Sep/18
Spain 1830.00 Aug/18
Switzerland 22143.83 Jun/18
Turkey 1830.00 Sep/18
United Kingdom -20317.00 Jun/18
United States -101460.00 Jun/18