Palestine recorded a Current Account deficit of 10.80 percent of the country's Gross Domestic Product in 2017. Current Account to GDP in Palestine averaged -18.42 percent from 1998 until 2017, reaching an all time high of -8.10 percent in 2007 and a record low of -34.95 percent in 1999.

Current Account to GDP in Palestine is expected to be -12.00 percent by the end of this quarter, 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 -13.00 percent in 2020, according to our econometric models.

Palestine Current Account to GDP
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Palestine Trade Last Previous Highest Lowest Unit
Balance of Trade -379.20 -404.60 -66.79 -429.10 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 [+]
Exports 81.90 89.00 97.00 15.92 USD Million [+]
Imports 461.10 493.60 497.40 82.71 USD Million [+]
Foreign Direct Investment 2705.00 2683.00 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 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. This page provides - Palestine Current Account to GDP - actual values, historical data, forecast, chart, statistics, economic calendar and news. Palestine Current Account to GDP - actual data, historical chart and calendar of releases - was last updated on December of 2018.

Actual Previous Highest Lowest Dates Unit Frequency
-10.80 -14.50 -8.10 -34.95 1998 - 2017 percent Yearly




Country Last Previous
Singapore 19.50 Dec/17
Netherlands 10.20 Dec/17
Switzerland 9.80 Dec/17
Germany 8.00 Dec/17
South Korea 5.60 Dec/17
Japan 4.02 Dec/17
Euro Area 3.50 Dec/17
Italy 2.80 Dec/17
Russia 2.20 Dec/17
Saudi Arabia 2.20 Dec/17
Spain 1.90 Dec/17
China 1.30 Dec/17
Brazil -0.48 Dec/17
France -0.80 Dec/17
Mexico -1.60 Dec/17
Indonesia -1.70 Dec/17
India -1.90 Dec/17
United States -2.40 Dec/17
South Africa -2.50 Dec/17
Canada -3.00 Dec/17
Australia -3.10 Dec/17
United Kingdom -4.10 Dec/17
Argentina -4.80 Dec/17
Turkey -5.50 Dec/17


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