Palestinian Territory Current Account Balance: % of GDP
2011 - 2023 | Quarterly | % | CEIC Data
Key information about State of Palestine (West Bank and Gaza) Current Account Balance: % of GDP
- State of Palestine (West Bank and Gaza) Current Account deficit accounted for 16.1 % of the country's Nominal GDP in Mar 2023, compared with a 18.9 % deficit in the previous quarter.
- State of Palestine (West Bank and Gaza) Current Account Balance: % of Nominal GDP data is updated quarterly, available from Mar 2011 to Mar 2023, with an average value of -12.8 %.
- The data reached an all-time high of -7.9 % in Sep 2021 and a record low of -23.1 % in Jun 2011.
CEIC calculates quarterly Current Account Balance as % of Nominal GDP from quarterly Current Account Balance and quarterly Nominal GDP. Palestine Monetary Authority provides Foreign Direct Investment in USD based. The Palestinian Central Bureau of Statistics provides Nominal GDP in USD.
Key information about State of Palestine (West Bank and Gaza) Current Account Balance: % of GDP
- In the latest reports of State of Palestine (West Bank and Gaza), Current Account recorded a deficit of 755.0 USD mn in Mar 2023.
- Foreign Direct Investment (FDI) increased by 271.0 USD mn in Mar 2023.
- State of Palestine (West Bank and Gaza) Direct Investment Abroad remained the same 0.0 USD mn in Mar 2023.
- Its Foreign Portfolio Investment increased by 62.0 USD mn in Mar 2023.
- The country's Nominal GDP was reported at 4.7 USD bn in Mar 2023.
View Palestinian Territory's Current Account Balance: % of GDP from Mar 2011 to Mar 2023 in the chart:
What was Palestinian Territory's Current Account Balance: % of GDP in Mar 2023?
State of Palestine (West Bank and Gaza) Current Account deficit accounted for 16.1 % of the country's Nominal GDP in Mar 2023, compared with a 18.9 % deficit in the previous quarter. See the table below for more data.
| Last | Previous | Min | Max | Unit | Frequency | Range |
|---|---|---|---|---|---|---|
| -16.1 Mar 2023 | -18.9 Dec 2022 | -23.1 Jun 2011 | -7.9 Sep 2021 | % | quarterly | Mar 2011 - Mar 2023 |
Current Account Balance: % of GDP by Country Comparison
| country/region | Last | Frequency | Range |
|---|---|---|---|
| Albania (%) | -3.4 Jun 2024 | quarterly | Mar 2008 - Jun 2024 |
| Algeria (%) | -0.4 Mar 2024 | quarterly | Mar 2007 - Mar 2024 |
| Argentina (%) | 2.3 Jun 2024 | quarterly | Mar 2004 - Jun 2024 |
| Armenia (%) | -2.9 Jun 2024 | quarterly | Dec 1994 - Jun 2024 |
| Australia (%) | -2.1 Sep 2024 | quarterly | Sep 1959 - Sep 2024 |
| Austria (%) | 0.5 Jun 2024 | quarterly | Mar 1970 - Jun 2024 |
| Azerbaijan (%) | 4.9 Jun 2024 | quarterly | Mar 2013 - Jun 2024 |
| Bahrain (%) | 15.2 Dec 2022 | quarterly | Mar 2018 - Dec 2022 |
| Bangladesh (%) | 0.9 2024 | yearly | 1998 - 2024 |
| Belarus (%) | 2.5 Jun 2024 | quarterly | Mar 1996 - Jun 2024 |
| Belgium (%) | -1.8 Jun 2024 | quarterly | Mar 1995 - Jun 2024 |
| Bolivia (%) | 0.4 Jun 2024 | quarterly | Mar 1990 - Jun 2024 |
| Bosnia and Herzegovina (%) | -3.9 Jun 2024 | quarterly | Mar 2008 - Jun 2024 |
| Botswana (%) | -5.0 Jun 2024 | quarterly | Mar 2004 - Jun 2024 |
| Brazil (%) | -3.5 Sep 2024 | quarterly | Mar 1995 - Sep 2024 |
| Brunei (%) | -20.4 Dec 2020 | quarterly | Mar 2013 - Dec 2020 |
| Bulgaria (%) | 5.7 Sep 2024 | quarterly | Sep 1999 - Sep 2024 |
| Cambodia (%) | -5.0 Jun 2024 | quarterly | Mar 2010 - Jun 2024 |
| Canada (%) | -0.4 Sep 2024 | quarterly | Mar 1957 - Sep 2024 |
| Chile (%) | -3.9 Sep 2024 | quarterly | Mar 1996 - Sep 2024 |
| China (%) | 3.2 Sep 2024 | quarterly | Mar 1998 - Sep 2024 |
| Colombia (%) | -1.6 Sep 2024 | quarterly | Mar 1996 - Sep 2024 |
| Croatia (%) | -5.6 Jun 2024 | quarterly | Mar 1995 - Jun 2024 |
| Cyprus (%) | -0.6 Jun 2024 | quarterly | Mar 2008 - Jun 2024 |
| Czech Republic (%) | -0.5 Sep 2024 | quarterly | Mar 1995 - Sep 2024 |
| Denmark (%) | 15.2 Sep 2024 | quarterly | Mar 1990 - Sep 2024 |
| Ecuador (%) | 7.9 Jun 2024 | quarterly | Mar 1993 - Jun 2024 |
| Egypt (%) | 1.3 Dec 2022 | quarterly | Sep 2001 - Dec 2022 |
| Estonia (%) | 0.3 Mar 2023 | quarterly | Mar 2000 - Mar 2023 |
| European Union (%) | 3.8 Sep 2024 | quarterly | Mar 1999 - Sep 2024 |
| Finland (%) | 3.4 Sep 2024 | quarterly | Mar 1990 - Sep 2024 |
| France (%) | -0.7 Sep 2024 | quarterly | Mar 1997 - Sep 2024 |
| Georgia (%) | -7.3 Jun 2024 | quarterly | Mar 1996 - Jun 2024 |
| Germany (%) | 5.2 Sep 2024 | quarterly | Mar 1991 - Sep 2024 |
| Ghana (%) | 5.6 Jun 2024 | quarterly | Mar 2006 - Jun 2024 |
| Greece (%) | 1.0 Sep 2024 | quarterly | Mar 2000 - Sep 2024 |
| Hong Kong SAR, China (%) | 14.9 Sep 2024 | quarterly | Mar 1999 - Sep 2024 |
| Hungary (%) | 3.7 Jun 2024 | quarterly | Mar 1995 - Jun 2024 |
| Iceland (%) | 3.8 Sep 2024 | quarterly | Mar 1995 - Sep 2024 |
| India (%) | -1.1 Jun 2024 | quarterly | Jun 2004 - Jun 2024 |
| Indonesia (%) | 0.9 Mar 2023 | quarterly | Mar 1993 - Mar 2023 |
| Iran (%) | 0.6 2023 | yearly | 1997 - 2023 |
| Ireland (%) | 16.7 Sep 2024 | quarterly | Mar 1995 - Sep 2024 |
| Israel (%) | 2.9 Sep 2024 | quarterly | Mar 1995 - Sep 2024 |
| Italy (%) | 1.4 Sep 2024 | quarterly | Mar 1980 - Sep 2024 |
| Ivory Coast (%) | -6.3 2022 | yearly | 1975 - 2022 |
| Japan (USD mn) | 14,232.0 Apr 2023 | monthly | Jan 1996 - Apr 2023 |
| Jordan (%) | -7.0 Jun 2024 | quarterly | Mar 1992 - Jun 2024 |
| Kazakhstan (%) | -2.5 Dec 2023 | quarterly | Dec 1997 - Dec 2023 |
| Kenya (%) | -2.5 Jun 2024 | quarterly | Mar 2009 - Jun 2024 |
| South Korea (USD mn) | 7,614.6 Oct 2024 | monthly | Jan 1980 - Oct 2024 |
| Kosovo (%) | 9.2 Sep 2024 | quarterly | Mar 2010 - Sep 2024 |
| Kuwait (%) | 27.9 Mar 2024 | quarterly | Mar 2012 - Mar 2024 |
| Kyrgyzstan (%) | -60.7 Mar 2023 | quarterly | Mar 2000 - Mar 2023 |
| Laos (%) | 2.7 2023 | yearly | 1984 - 2023 |
| Latvia (%) | -4.6 Sep 2024 | quarterly | Mar 1995 - Sep 2024 |
| Lebanon (%) | -2.8 2021 | yearly | 2002 - 2021 |
| Lithuania (%) | 3.8 Sep 2024 | quarterly | Mar 1993 - Sep 2024 |
| Luxembourg (%) | 10.8 Sep 2024 | quarterly | Mar 1995 - Sep 2024 |
| Macau SAR, China (%) | 37.0 2023 | yearly | 2002 - 2023 |
| North Macedonia (%) | 6.6 Sep 2024 | quarterly | Mar 2000 - Sep 2024 |
| Malawi (%) | -14.2 2021 | yearly | 1977 - 2021 |
| Malaysia (%) | 0.4 Sep 2024 | quarterly | Mar 2000 - Sep 2024 |
| Malta (%) | 7.2 Jun 2024 | quarterly | Mar 1995 - Jun 2024 |
| Mauritius (%) | -6.3 Jun 2024 | quarterly | Mar 2007 - Jun 2024 |
| Mexico (%) | 0.2 Sep 2024 | quarterly | Mar 1993 - Sep 2024 |
| Moldova (%) | -16.6 Jun 2024 | quarterly | Mar 1995 - Jun 2024 |
| Mongolia (%) | -14.1 Sep 2024 | quarterly | Mar 2000 - Sep 2024 |
| Montenegro (%) | -23.1 Jun 2024 | quarterly | Mar 2010 - Jun 2024 |
| Morocco (%) | -3.6 Jun 2024 | quarterly | Mar 2014 - Jun 2024 |
| Mozambique (%) | -11.6 2023 | yearly | 1980 - 2023 |
| Nepal (%) | 3.9 2024 | yearly | 2001 - 2024 |
| Netherlands (%) | 8.4 Jun 2024 | quarterly | Mar 1987 - Jun 2024 |
| New Zealand (%) | -5.8 Sep 2024 | quarterly | Jun 1987 - Sep 2024 |
| Nigeria (%) | 11.5 Jun 2024 | quarterly | Mar 2014 - Jun 2024 |
| Norway (%) | 18.1 Sep 2024 | quarterly | Mar 1981 - Sep 2024 |
| Oman (%) | -4.9 2021 | yearly | 1980 - 2021 |
| Pakistan (%) | -0.5 2024 | yearly | 1977 - 2024 |
| Palestinian Territory (%) | -16.1 Mar 2023 | quarterly | Mar 2011 - Mar 2023 |
| Panama (%) | 2.2 Jun 2024 | quarterly | Mar 2007 - Jun 2024 |
| Paraguay (%) | 0.3 Jun 2024 | quarterly | Mar 2000 - Jun 2024 |
| Peru (%) | 2.5 Sep 2024 | quarterly | Mar 1990 - Sep 2024 |
| Philippines (%) | -4.3 Mar 2023 | quarterly | Mar 1981 - Mar 2023 |
| Poland (%) | 0.3 Jun 2024 | quarterly | Mar 2000 - Jun 2024 |
| Portugal (%) | 4.7 Sep 2024 | quarterly | Mar 1996 - Sep 2024 |
| Qatar (%) | 20.7 Jun 2024 | quarterly | Mar 2011 - Jun 2024 |
| Romania (%) | -9.5 Sep 2024 | quarterly | Mar 1995 - Sep 2024 |
| Russia (%) | 3.4 Jun 2024 | quarterly | Mar 1994 - Jun 2024 |
| Saudi Arabia (%) | 1.6 Jun 2024 | quarterly | Mar 2006 - Jun 2024 |
| Serbia (%) | -10.3 Sep 2024 | quarterly | Mar 2007 - Sep 2024 |
| Singapore (%) | 18.7 Sep 2024 | quarterly | Mar 1986 - Sep 2024 |
| Slovakia (%) | -2.4 Sep 2024 | quarterly | Mar 1997 - Sep 2024 |
| Slovenia (%) | 6.6 Sep 2024 | quarterly | Mar 1995 - Sep 2024 |
| South Africa (%) | -1.0 Sep 2024 | quarterly | Mar 1960 - Sep 2024 |
| Spain (%) | 3.9 Sep 2024 | quarterly | Mar 1980 - Sep 2024 |
| Sri Lanka (%) | 1.9 Jun 2024 | quarterly | Mar 2002 - Jun 2024 |
| Sudan (%) | -8.5 2021 | yearly | 1977 - 2021 |
| Sweden (%) | 6.1 Sep 2024 | quarterly | Mar 1980 - Sep 2024 |
| Switzerland (%) | 3.0 Sep 2024 | quarterly | Mar 1983 - Sep 2024 |
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| Government and Public Finance | Last | Frequency | Range |
|---|---|---|---|
| Consolidated Fiscal Balance: % of GDP (%) | -4.0 2020 | yearly | 2010 - 2020 |
| Consolidated Fiscal Balance (USD mn) | -619.800 2020 | yearly | 2010 - 2020 |
| Tax Revenue (USD mn) | 3,316.100 2020 | yearly | 2010 - 2020 |
| Tax Revenue: % of GDP (%) | 21.4 2020 | yearly | 2005 - 2020 |
| Government Debt: % of GDP (%) | 126.9 Jun 2024 | quarterly | Dec 2010 - Jun 2024 |
| Forecast: Government Expenditure (%) | 30.818 2023 | yearly | 2009 - 2023 |
| Forecast: Government Revenue (ILS bn) | 19.065 2023 | yearly | 2009 - 2023 |
| Foreign Trade | Last | Frequency | Range |
|---|---|---|---|
| Forecast: Exports of Goods Growth (%) | 2.493 2026 | yearly | 1995 - 2026 |
| Trade Balance (USD mn) | -431.8 Sep 2024 | monthly | Jan 2011 - Sep 2024 |
| Total Exports (USD mn) | 124.7 Sep 2024 | monthly | Jan 2011 - Sep 2024 |
| Total Exports Growth (%) | -1.0 Sep 2024 | monthly | Jan 2012 - Sep 2024 |
| Aluminum: Exports (USD th) | 37,933.365 2023 | yearly | 2000 - 2023 |
| Exports: Medicament (USD th) | 15,397.216 2023 | yearly | 2000 - 2023 |
| Exports: Medicinal and Pharmaceutical Product (USD th) | 6,719.627 2023 | yearly | 2000 - 2023 |
| Total Imports (USD mn) | 556.5 Sep 2024 | monthly | Jan 2011 - Sep 2024 |
| Total Imports Growth (%) | -17.8 Sep 2024 | monthly | Jan 2012 - Sep 2024 |
| Imports: Medicament (USD th) | 162,392.789 2023 | yearly | 2000 - 2023 |
| Imports: Medicinal and Pharmaceutical Product (USD th) | 94,433.969 2023 | yearly | 2000 - 2023 |
| Total Exports to USA (USD mn) | 1.706 Aug 2024 | monthly | Jan 2000 - Aug 2024 |
| Total Imports from USA (USD mn) | 0.262 Aug 2024 | monthly | Jan 2000 - Aug 2024 |
| Total Exports to China (USD mn) | 0.045 Aug 2023 | monthly | Jan 2007 - Aug 2023 |
| Total Imports from China (USD mn) | 25.610 Dec 2023 | monthly | Jan 2000 - Dec 2023 |
| Import Volume Index (2015=100) | 77.877 2021 | yearly | 2000 - 2021 |
| Export Volume Index (2015=100) | 118.305 2021 | yearly | 2000 - 2021 |
| Import Value Index (2015=100) | 136.509 2021 | yearly | 1995 - 2021 |
| Export Value Index (2015=100) | 140.009 2021 | yearly | 1995 - 2021 |
| Balance of Payments | Last | Frequency | Range |
|---|---|---|---|
| Direct Investment Abroad (USD mn) | 10.7 Jun 2024 | quarterly | Mar 2011 - Jun 2024 |
| Current Account Balance (USD mn) | -801.1 Jun 2024 | quarterly | Mar 2011 - Jun 2024 |
| Current Account Balance: % of GDP (%) | -16.1 Mar 2023 | quarterly | Mar 2011 - Mar 2023 |
| Foreign Direct Investment (USD mn) | 88.3 Jun 2024 | quarterly | Mar 2011 - Jun 2024 |
| Foreign Direct Investment: % of GDP (%) | 2.8 Jun 2024 | quarterly | Mar 2011 - Jun 2024 |
| Foreign Portfolio Investment (USD mn) | -16.300 Jun 2024 | quarterly | Mar 2011 - Jun 2024 |
| Foreign Portfolio Investment: % of GDP (%) | -0.5 Jun 2024 | quarterly | Mar 2011 - Jun 2024 |
| Foreign Portfolio Investment: Equity Securities (USD mn) | -43.4 Mar 2024 | quarterly | Mar 2012 - Mar 2024 |
| Foreign Portfolio Investment: Debt Securities (USD mn) | 0.000 Mar 2024 | quarterly | Mar 2013 - Mar 2024 |
| External Debt (USD mn) | 1,535.0 Dec 2018 | monthly | Dec 2012 - Dec 2018 |
| External Debt: % of GDP (%) | 12.2 2023 | yearly | 2012 - 2023 |
| External Debt: Short Term (USD mn) | 388.5 Dec 2018 | monthly | Dec 2013 - Dec 2018 |
| External Debt: Short Term: % of GDP (%) | 3.7 2023 | yearly | 2012 - 2023 |
| Forecast: Current Account Balance (USD bn) | -2.895 2023 | yearly | 1994 - 2023 |
| Net International Investment Position (USD mn) | 5,268.000 Jun 2024 | quarterly | Dec 2013 - Jun 2024 |
| Monetary | Last | Frequency | Range |
|---|---|---|---|
| Non Performing Loans Ratio (%) | 3.4 Jun 2024 | quarterly | Dec 2008 - Jun 2024 |
| Non-Performing Loans (USD mn) | 553.833 Jun 2024 | quarterly | Dec 2008 - Jun 2024 |
| Money Supply M1 (USD mn) | 12,504.000 Jun 2024 | quarterly | Mar 2013 - Jun 2024 |
| Money Supply M2 (USD mn) | 17,276.104 Oct 2024 | monthly | Jul 2002 - Oct 2024 |
| M2 Growth (%) | 11.9 Oct 2024 | monthly | Jul 2003 - Oct 2024 |
| Foreign Exchange Reserves (USD mn) | 471.5 Oct 2024 | monthly | Jan 2006 - Oct 2024 |
| Foreign Exchange Reserves: % of GDP (%) | 15.697 Jun 2024 | quarterly | Mar 2006 - Jun 2024 |
| Foreign Exchange Reserves: Months of Import (NA) | 1.1 Sep 2024 | monthly | Jan 2011 - Sep 2024 |
| Total Deposits (USD mn) | 18,323.168 Oct 2024 | monthly | Jan 2000 - Oct 2024 |
| Total Deposits Growth (%) | 11.8 Oct 2024 | monthly | Jan 2001 - Oct 2024 |
| Domestic Credit (USD mn) | 11,907.8 Oct 2024 | monthly | Dec 1998 - Oct 2024 |
| Domestic Credit Growth (%) | 6.8 Oct 2024 | monthly | Dec 1999 - Oct 2024 |
| Total Loans (USD mn) | 9,929.498 Oct 2024 | monthly | Jan 2007 - Oct 2024 |
| Total Loans Growth (%) | 5.26 Oct 2024 | monthly | Jan 2008 - Oct 2024 |
| Private Debt: % of Nominal GDP (%) | 64.07 Jun 2024 | quarterly | Dec 2013 - Jun 2024 |
| Business and Economic Survey | Last | Frequency | Range |
|---|---|---|---|
| Business Confidence Growth (% Point) | -19.5 Sep 2024 | monthly | Apr 2014 - Sep 2024 |
More Indicators for Palestinian Territory
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