Palestine's current account deficit widened to USD 775 million in the second quarter of 2022, the highest in eleven years, from USD 623 million in the previous period. The goods account deficit increased to USD 1936 million from USD 1810 million in Q1 2022. Also, the services gap rose to USD 380 million from USD 347 million and the net income went down USD 953 million from USD 987 million. On the other hand, current transfer surplus rose to USD 588 million from USD 547 million in Q1 2022. source: Palestinian Central Bureau of Statistics

Current Account in Palestine averaged -476.61 USD Million from 2000 until 2022, reaching an all time high of 764.40 USD Million in the fourth quarter of 2008 and a record low of -1516 USD Million in the fourth quarter of 2004. 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 - data, historical chart, forecasts and calendar of releases - was last updated on December of 2022.

Current Account in Palestine is expected to be -700.00 USD Million by the end of this quarter, according to Trading Economics global macro models and analysts expectations. In the long-term, the Palestine Current Account is projected to trend around -540.00 USD Million in 2023 and -480.00 USD Million in 2024, according to our econometric models.

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Palestine Current Account

Calendar GMT Actual Previous Consensus TEForecast
2022-06-29 07:00 AM Q1 $-623M $-390M
2022-09-28 09:00 AM Q2 $-775M $-623M $-700M
2022-12-27 09:00 AM Q3 $-775M $-890M

Related Last Previous Unit Reference
Balance of Trade -584.00 -574.70 USD Million Sep 2022
Current Account -775.00 -623.00 USD Million Jun 2022
Exports 128.10 154.90 USD Million Sep 2022
Imports 712.10 729.60 USD Million Sep 2022
Foreign Direct Investment 3140.00 3040.00 USD Million Jun 2022

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).
Actual Previous Highest Lowest Dates Unit Frequency
-775.00 -623.00 764.40 -1516.00 2000 - 2022 USD Million Quarterly