The current account surplus in Israel rose to USD 2.60 billion in the first quarter of 2019 from USD 1.73 billion in the corresponding period of 2018. The goods and services account recorded a USD 832 million surplus swinging from a USD 77 million deficit a year ago while the primary income gap narrowed to USD 55 million from USD 333 million. Meanwhile, the secondary income surplus decreased to USD 1,830 million from USD 2,145 million in Q1 of the previous year. Current Account in Israel averaged 410.45 USD Million from 1975 until 2019, reaching an all time high of 4288 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 1950.00 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 1510.00 in 12 months time. In the long-term, the Israel Current Account is projected to trend around 2150.00 USD Million in 2020, according to our econometric models.