Palestine Current Account to GDP

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.

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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

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

Export Data API

Country	Last		Previous	Range
Singapore	19.50	Dec/17	19	26.1 : -13.1	%
Netherlands	10.20	Dec/17	8.5	10.4 : -1	%
Switzerland	9.80	Dec/17	9.4	14.8 : -0.6	%
Germany	8.00	Dec/17	8.5	8.9 : -1.7	%
South Korea	5.60	Dec/17	7	10.7 : -10.5	%
Japan	4.02	Dec/17	3.7	4.7 : -1	%
Euro Area	3.50	Dec/17	3.4	3.5 : -1.5	%
Italy	2.80	Dec/17	2.6	2.9 : -3.7	%
Russia	2.20	Dec/17	1.9	18 : -1.4	%
Saudi Arabia	2.20	Dec/17	-3.7	28.5 : -21	%
Spain	1.90	Dec/17	1.9	1.9 : -9.6	%
China	1.30	Dec/17	1.8	10.1 : -3.7	%
Brazil	-0.48	Dec/17	-1.3	1.8 : -8.2	%
France	-0.80	Dec/17	-0.9	3.4 : -2.1	%
Mexico	-1.60	Dec/17	-2.1	3.4 : -6.1	%
Indonesia	-1.70	Dec/17	-1.8	4.8 : -6.8	%
India	-1.90	Dec/17	-0.6	2.3 : -4.8	%
United States	-2.40	Dec/17	-2.4	0.2 : -6	%
South Africa	-2.50	Dec/17	-2.8	6 : -7.5	%
Canada	-3.00	Dec/17	-3.3	2.7 : -4.2	%
Australia	-3.10	Dec/17	-1.4	2.3 : -7.3	%
United Kingdom	-4.10	Dec/17	-5.8	2.6 : -5.8	%
Argentina	-4.80	Dec/17	-2.6	8 : -4.8	%
Turkey	-5.50	Dec/17	-3.8	2 : -9	%