Palestine's current account deficit narrowed to USD 306 million in the first quarter of 2019 from USD 442.1 million in the same period a year earlier, a preliminary result showed. This was the smallest current account gap since the fourth quarter 2017, as the goods account deficit fell to USD 1,208 million from USD 1,236 million in Q1 2018; the current transfer surplus increased to USD 517 million from USD 436.4 million in Q1 2018; and the income surplus went up to USD 640 million from USD 506.9 million in the same period of 2018. Meanwhile, the services account gap rose to USD 255 million in Q1 2019 from USD 235.7 million in the same period of 2018. 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
2018-09-19 06:25 AM Current Account Q2 $-373.3M $-442.1M $ -485M
2018-12-23 09:00 AM Current Account Q3 $-444.7M $-373.3M $-395M
2019-03-27 07:25 AM Current Account Q4 $-399M $-444.7M $ -350M
2019-06-25 07:00 AM Current Account Q1 $-306M $-399M $ -480M

Palestine Trade Last Previous Highest Lowest Unit
Balance of Trade -414.00 -362.90 -66.79 -429.10 USD Million [+]
Current Account -306.00 -399.00 764.40 -1516.00 USD Million [+]
Current Account to GDP -10.80 -14.50 -8.10 -34.95 percent [+]
Exports 90.70 93.80 100.20 15.92 USD Million [+]
Imports 504.70 456.70 508.00 82.71 USD Million [+]
Foreign Direct Investment 2721.00 2723.00 2791.00 892.90 USD Million [+]
Terrorism Index 5.33 5.55 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 September of 2019.

Actual Previous Highest Lowest Dates Unit Frequency
-306.00 -399.00 764.40 -1516.00 2000 - 2019 USD Million Quarterly

Country Last Previous
Argentina -3849.43 Mar/19
Australia 5853.00 Jun/19
Brazil -9034.90 Jul/19
Canada -6380.00 Jun/19
China 570.00 Jun/19
Euro Area 23.09 Jun/19
France 173.00 Jul/19
Germany 22100.00 Jul/19
India -4600.00 Mar/19
Indonesia -8442.80 Jun/19
Italy 5046.60 Jun/19
Japan 1999.92 Jul/19
Mexico 5142.70 Jun/19
Netherlands 18079.00 Mar/19
Russia 12100.00 Jun/19
Saudi Arabia 11518.00 Mar/19
Singapore 21497.50 Jun/19
South Africa -204100.00 Jun/19
South Korea 6949.40 Jul/19
Spain 2050.00 Jun/19
Switzerland 17215.95 Mar/19
Turkey 1158.00 Jul/19
United Kingdom -30045.00 Mar/19
United States -130400.00 Mar/19