Palestine recorded a Current Account deficit of 11.40 percent of the country's Gross Domestic Product in 2018. source: Palestine Monetary Authority

Current Account to GDP in Palestine averaged -18.09 percent from 1998 until 2018, 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 January of 2021.

Current Account to GDP in Palestine is expected to reach -13.00 percent by the end of 2020, 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 in 2021, according to our econometric models.

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Palestine Current Account to GDP

Actual Previous Highest Lowest Dates Unit Frequency
-11.40 -10.80 -8.10 -34.95 1998 - 2018 percent Yearly

Palestine Trade Last Previous Highest Lowest Unit
Balance of Trade -360.20 -327.50 -66.79 -429.10 USD Million [+]
Current Account -349.00 -413.00 764.40 -1516.00 USD Million [+]
Current Account to GDP -11.40 -10.80 -8.10 -34.95 percent [+]
Exports 99.10 96.40 110.60 15.92 USD Million [+]
Imports 459.30 423.90 509.90 82.71 USD Million [+]
Terrorism Index 5.08 5.18 6.06 4.09 [+]
Tourist Arrivals 3093.00 2919.00 3093.00 33.00 Thousand [+]
Foreign Direct Investment 2332.68 2777.00 2831.00 892.90 USD Million [+]


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.