Current Account to GDP in Palestine increased to -10.70 percent in 2019 from -13.20 percent in 2018. source: Palestine Monetary Authority

Current Account to GDP in Palestine averaged -17.81 percent from 1998 until 2019, reaching an all time high of -8.10 percent in 2007 and a record low of -34.95 percent in 1999. This page provides - Palestine Current Account to GDP - actual values, historical data, forecast, chart, statistics, economic calendar and news. Palestine Current Account to GDP - values, historical data and charts - was last updated on October of 2021.

Current Account to GDP in Palestine is expected to reach -13.50 percent of GDP by the end of 2021, according to Trading Economics global macro models and analysts expectations. In the long-term, the Palestine Current Account to GDP is projected to trend around -13.50 percent of GDP in 2022, according to our econometric models.

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Palestine Current Account to GDP


Palestine Last Unit Reference Previous Highest Lowest
Current Account to GDP -10.70 percent of GDP Dec/19 -13.20 -8.10 -34.95


Palestine Current Account to GDP
The Current account balance as a percent of GDP provides an indication on the level of international competitiveness of a country. Usually, countries recording a strong current account surplus have an economy heavily dependent on exports revenues, with high savings ratings but weak domestic demand. On the other hand, countries recording a current account deficit have strong imports, a low saving rates and high personal consumption rates as a percentage of disposable incomes.