The current account surplus in Israel rose to USD 4.21 billion in the second quarter of 2019 from USD 2.0 billion in the corresponding period of 2018. The goods and services surplus jumped to USD 1.55 billion from USD 0.12 billion a year earlier; the primary income surplus widened to USD 0.59 billion from USD 0.08 billion and the secondary income surplus advanced to USD 2.07 billion from USD 1.85 billion. Current Account in Israel averaged 416.15 USD Million from 1975 until 2019, reaching an all time high of 4362.60 USD Million in the second quarter of 2014 and a record low of -1750.20 USD Million in the second quarter of 1994.
Current Account in Israel is expected to be 3200.00 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 2150.00 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.