Israel recorded a Current Account surplus of 2.40 percent of the country's Gross Domestic Product in 2019.

Current Account to GDP in Israel averaged -0.32 percent from 1980 until 2019, reaching an all time high of 5.10 percent in 2015 and a record low of -8.40 percent in 1982. This page provides - Israel Current Account to GDP - actual values, historical data, forecast, chart, statistics, economic calendar and news. Israel Current Account to GDP - values, historical data and charts - was last updated on October of 2020. source: Bank of Israel

Current Account to GDP in Israel is expected to reach 2.60 percent by the end of 2020, according to Trading Economics global macro models and analysts expectations. In the long-term, the Israel Current Account to GDP is projected to trend around 2.50 percent in 2021, according to our econometric models.

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Israel Current Account to GDP

Actual Previous Highest Lowest Dates Unit Frequency
2.40 2.60 5.10 -8.40 1980 - 2019 percent Yearly

Israel Trade Last Previous Highest Lowest Unit
Balance of Trade -2170.80 -2190.40 113.80 -3082.60 USD Million [+]
Current Account 3806.40 3545.00 4476.60 -1750.20 USD Million [+]
Current Account to GDP 2.40 2.60 5.10 -8.40 percent [+]
Imports 5837.30 5845.80 7207.50 33.10 USD Million [+]
Exports 3666.50 3655.40 5848.30 10.80 USD Million [+]
External Debt 115918.40 104731.80 115918.40 18963.00 USD Million [+]
Terms of Trade 96.69 96.37 120.76 87.22 points [+]
Capital Flows 6595.50 5379.00 8287.10 -3525.60 USD Million [+]
Foreign Direct Investment 62473.00 51234.60 62473.00 -10028.10 USD Million [+]
Remittances 1028.70 1257.40 1541.60 46.60 USD Million [+]
Tourist Arrivals 15.10 20.10 485.70 0.50 Thousand [+]
Terrorism Index 4.53 4.58 6.86 4.53 [+]
Weapons Sales 369.00 655.00 1392.00 4.00 USD Million [+]
Crude Oil Production 0.30 0.30 0.39 0.06 BBL/D/1K [+]


Israel 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.