The current account surplus in Israel narrowed sharply to USD 0.795 billion in the second quarter of 2018 from USD 2.354 billion in the corresponding period of the previous year. The secondary income surplus fell to USD 1.847 billion from USD 2.027 billion in the April to June period of 2017. Also, the goods and services account recorded a trade deficit of USD 0.721 billion compared to a USD 1.511 billion surplus a year earlier while the primary income shortfall decreased to USD 0.33 billion from USD 1.184 billion. Current Account in Israel averaged 362.34 USD Million from 1975 until 2018, reaching an all time high of 4600.80 USD Million in the third quarter of 2015 and a record low of -1750.20 USD Million in the second quarter of 1994.

Current Account in Israel is expected to be 1775.00 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 Israel to stand at 1701.00 in 12 months time. In the long-term, the Israel Current Account is projected to trend around 1650.00 USD Million in 2020, according to our econometric models.

Israel Current Account
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Calendar GMT Actual Previous Consensus TEForecast
2017-12-14 11:00 AM Current Account $2.2B $2.7B $ 2.6B
2018-03-08 11:00 AM Current Account $2.6B $2.5B $ 2.4B
2018-06-14 10:30 AM Current Account $1.9B $2.3B $ 2.5B
2018-09-17 11:25 AM Current Account $0.8B $1.5B $ 1.8B
2018-12-14 12:00 PM Current Account $0.8B $ 1.8B
2019-03-08 11:00 AM Current Account $ 1.7B
2019-06-14 10:30 AM Current Account $ 1.7B


Israel Trade Last Previous Highest Lowest Unit
Balance of Trade -3004.10 -1472.20 113.80 -3346.30 USD Million [+]
Current Account 795.00 1473.00 4612.00 -1750.20 USD Million [+]
Current Account to GDP 4.10 3.60 4.80 -8.40 percent [+]
Imports 7537.80 5083.40 7537.80 33.10 USD Million [+]
Exports 4533.70 3611.20 5848.30 10.80 USD Million [+]
External Debt 93283.70 91240.80 117188.00 18963.00 USD Million [+]
Terms of Trade 108.64 108.48 120.76 87.22 Index Points [+]
Capital Flows -1194.40 -2898.10 8287.20 -3525.60 USD Million [+]
Foreign Direct Investment 36924.80 32606.50 36924.80 -10028.10 USD Million [+]
Remittances 1236.80 1288.50 1541.60 46.60 USD Million [+]
Tourist Arrivals 388.50 485.50 485.50 15.31 Thousand [+]
Weapons Sales 1263.00 1433.00 1433.00 4.00 USD Million [+]
Terrorism Index 5.06 5.25 6.86 4.92 [+]
Crude Oil Production 0.39 0.39 0.39 0.06 BBL/D/1K [+]

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Israel 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 - Israel Current Account - plus previous releases, historical high and low, short-term forecast and long-term prediction, economic calendar, survey consensus and news. Israel Current Account - actual data, historical chart and calendar of releases - was last updated on December of 2018.

Actual Previous Highest Lowest Dates Unit Frequency
795.00 1473.00 4612.00 -1750.20 1975 - 2018 USD Million Quarterly
SA




Country Last Previous
Argentina -8292.00 Jun/18
Australia -10688.00 Sep/18
Brazil 329.00 Oct/18
Canada -10343.00 Sep/18
China 160.00 Sep/18
Euro Area 24.07 Sep/18
France -684.00 Oct/18
Germany 15900.00 Oct/18
India -19100.00 Sep/18
Indonesia -8846.10 Sep/18
Italy 3154.00 Sep/18
Japan 1309.90 Oct/18
Mexico -5081.50 Sep/18
Netherlands 16769.50 Jun/18
Russia 26400.00 Sep/18
Saudi Arabia 19181.00 Jun/18
Singapore 23400.20 Sep/18
South Africa -176577.00 Sep/18
South Korea 9190.00 Oct/18
Spain 899.00 Sep/18
Switzerland 22143.83 Jun/18
Turkey 2770.00 Oct/18
United Kingdom -20317.00 Jun/18
United States -101460.00 Jun/18


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