Palestine's current account deficit widened to USD 399 million in the fourth quarter of 2018 from USD 303.6 million in the same period a year earlier, a preliminary result showed. The goods account deficit increased to USD 1,256 million from USD 1,145.9 million in Q4 2017 and the services account gap rose to USD 264 million in Q4 2018 from USD 240.7 million in the same period of 2017. On the other hand, the current transfer surplus decreased to USD 509 million from USD 538.7 million in Q4 2017 while the income surplus went up to USD 612 million from USD 544.3 million in the same period of 2017. Current Account in Palestine averaged -537.46 USD Million from 2000 until 2016, reaching an all time high of 764.40 USD Million in the fourth quarter of 2008 and a record low of -1516.00 USD Million in the fourth quarter of 2004.

Current Account in Palestine is expected to be -395.00 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 Palestine to stand at -420.00 in 12 months time. In the long-term, the Palestine Current Account is projected to trend around -450.00 USD Million in 2020, according to our econometric models.

Palestine Current Account
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Calendar GMT Actual Previous Consensus TEForecast
2018-06-25 06:20 AM Current Account $-442.1M $-303.6M $ -294.1M
2018-09-19 06:25 AM Current Account $-373.3M $-442.1M $ -485M
2018-12-23 09:00 AM Current Account $-444.7M $-373.3M $-395M
2019-03-27 07:25 AM Current Account $-399M $-444.7M $ -350M
2019-06-25 06:20 AM Current Account $-399M $ -480M
2019-09-23 06:25 AM Current Account $ -420M
2019-12-24 07:00 AM Current Account $ -440M


Palestine Trade Last Previous Highest Lowest Unit
Balance of Trade -376.10 -420.00 -66.79 -429.10 USD Million [+]
Current Account -399.00 -444.70 764.40 -1516.00 USD Million [+]
Current Account to GDP -10.80 -14.50 -8.10 -34.95 percent [+]
Exports 83.70 82.70 100.20 15.92 USD Million [+]
Imports 459.80 502.70 508.00 82.71 USD Million [+]
Foreign Direct Investment 2723.00 2705.00 2791.00 892.90 USD Million [+]
Terrorism Index 5.33 5.55 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

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 - Palestine Current Account - plus previous releases, historical high and low, short-term forecast and long-term prediction, economic calendar, survey consensus and news. Palestine Current Account - actual data, historical chart and calendar of releases - was last updated on May of 2019.

Actual Previous Highest Lowest Dates Unit Frequency
-399.00 -444.70 764.40 -1516.00 2000 - 2018 USD Million Quarterly




Country Last Previous
Argentina -2317.00 Dec/18
Australia -7203.00 Dec/18
Brazil -494.20 Mar/19
Canada -15483.00 Dec/18
China 586.00 Mar/19
Euro Area 35.10 Mar/19
France -1263.00 Mar/19
Germany 30217.35 Mar/19
India -16899.55 Dec/18
Indonesia -6966.00 Mar/19
Italy 4040.10 Mar/19
Japan 2847.87 Mar/19
Mexico -3424.00 Dec/18
Netherlands 27505.30 Dec/18
Russia 32800.00 Mar/19
Saudi Arabia 18521.00 Dec/18
Singapore 20296.50 Mar/19
South Africa -110158.00 Dec/18
South Korea 4820.00 Mar/19
Spain -2769.00 Feb/19
Switzerland 15181.70 Dec/18
Turkey -589.00 Mar/19
United Kingdom -23707.00 Dec/18
United States -134377.00 Dec/18


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