The current account surplus in Israel rose to USD 4.187 billion in the fourth quarter of 2018 from USD 2.188 billion in the corresponding period of 2017. The goods and services surplus widened to USD 0.910 billion from USD 0.646 billion a year earlier and the primary income account posted a surplus of USD 1.135 billion, switching from a USD 0.790 billion deficit. Meanwhile, the secondary income surplus narrowed to USD 2.143 billion from USD 2.332 billion in Q4 of the previous year. Considering full 2018, the current account surplus increased to USD 11 billion from USD 10.1 billion in 2017. Current Account in Israel averaged 408.30 USD Million from 1975 until 2018, reaching an all time high of 4430 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 1728.00 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 1700.00 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.