Palestine's current account deficit slightly widened to USD 444.7 million in the third quarter of 2018 from USD 443.7 million in the same period a year earlier, a preliminary result showed. It was the largest current account deficit since the second quarter 2017, as the services account gap rose to USD 265.9 million in Q3 2018 from USD 247.9 million in the same period of 2017. Meantime, the goods account deficit decreased to USD 1,178.9 million from USD 1,254.7 million in Q3 2017. On the other hand, the current transfer surplus increased to USD 467.1 million from USD 417 million in Q3 2017 while the income surplus went up to USD 608.8 million from USD 558.6 million in the same period of 2017. 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 09:00 AM Current Account $-444.7M $-373.3M $-395M
2019-03-27 06:35 AM Current Account $-444.7M $ -350M
2019-06-25 06:20 AM Current Account $ -480M
2019-09-23 06:25 AM Current Account $ -420M

Palestine Trade Last Previous Highest Lowest Unit
Balance of Trade -409.60 -379.20 -66.79 -429.10 USD Million [+]
Current Account -444.70 -373.30 764.40 -1516.00 USD Million [+]
Current Account to GDP -10.80 -14.50 -8.10 -34.95 percent [+]
Exports 98.40 81.90 98.40 15.92 USD Million [+]
Imports 508.00 461.10 508.00 82.71 USD Million [+]
Foreign Direct Investment 2723.00 2705.00 2791.00 892.90 USD Million [+]
Terrorism Index 5.55 5.66 6.06 4.09 [+]
Tourist Arrivals 503.00 400.00 556.00 33.00 Thousand [+]

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 January of 2019.

Actual Previous Highest Lowest Dates Unit Frequency
-444.70 -373.30 764.40 -1516.00 2000 - 2018 USD Million Quarterly

Country Last Previous
Argentina -7591.00 Sep/18
Australia -10688.00 Sep/18
Brazil -795.30 Nov/18
Canada -10343.00 Sep/18
China 233.00 Sep/18
Euro Area 23.25 Nov/18
France -2756.00 Nov/18
Germany 21400.00 Nov/18
India -19100.00 Sep/18
Indonesia -8846.10 Sep/18
Italy 4805.70 Nov/18
Japan 757.22 Nov/18
Mexico -5081.50 Sep/18
Netherlands 20484.80 Sep/18
Russia 38800.00 Dec/18
Saudi Arabia 29583.00 Sep/18
Singapore 23400.20 Sep/18
South Africa -176577.00 Sep/18
South Korea 5063.40 Nov/18
Spain 294.00 Oct/18
Switzerland 14596.00 Sep/18
Turkey 986.00 Nov/18
United Kingdom -26522.00 Sep/18
United States -124817.00 Sep/18