Palestine: Trade balance, percent of GDP
* indicates monthly or quarterly data series
Palestine |
Trade balance as percent of GDP |
---|---|
Latest value | -47.27 |
Year | 2023 |
Measure | percent |
Data availability | 1994 - 2023 |
Average | -46.54 |
Min - Max | -61.15 - -35.03 |
Source | The World Bank |
The latest value from 2023 is -47.27 percent, a decline from -45.52 percent in 2022. In comparison, the world average is -3.03 percent, based on data from 137 countries. Historically, the average for Palestine from 1994 to 2023 is -46.54 percent. The minimum value, -61.15 percent, was reached in 1999 while the maximum of -35.03 percent was recorded in 2013.
See the global rankings for that indicator or
use the country comparator to compare trends over time.
Select indicator
* indicates monthly or quarterly data series
Recent data
Historical series
The trade balance for Palestine and other countries is calculated as the difference between the exports and imports of goods and services, as percent of GDP. A positive number means trade surplus and a negative number means trade deficit.
Definition: External balance on goods and services (formerly resource balance) equals exports of goods and services minus imports of goods and services (previously nonfactor services).
Selected articles from our guide:
What factors determine the exchange rates
International lending and sovereign debt
All articles
Related indicators | Latest | Reference | Measure |
---|---|---|---|
Terms of trade | 67.52 | 2021 | percent |
Trade openness | 86.52 | 2023 | percent |
Exports, percent of GDP | 19.62 | 2023 | percent |
Exports, billion dollars | 3.41 | 2023 | billion U.S. dollars |
Growth of exports | 5.71 | 2023 | percent |
Imports, percent of GDP | 66.89 | 2023 | percent |
Imports, billion dollars | 11.64 | 2023 | billion U.S. dollars |
Foreign Direct Investment, percent of GDP | 0.60 | 2023 | percent |
Foreign Direct Investment, billion dollars | 0.23 | 2022 | billion U.S. dollars |
Portfolio investment inflows, equities | -53.00 | 2022 | million dollars (current) |
Current account, percent of GDP | -15.00 | 2022 | percent |
Current account, in dollars | -2.04 | 2022 | billion U.S. dollars |
Trade balance, percent of GDP | -47.27 | 2023 | percent |
Trade balance, in dollars | -8.72 | 2022 | billion U.S. dollars |
Reserves | 1.32 | 2023 | billion U.S. dollars |
Remittances, percent of GDP | 21.84 | 2023 | percent |
Remittances | 3,800.00 | 2023 | million U.S. dollars |
Net errors and omissions | 791.81 | 2022 | million USD |
Foreign exchange reserves | 1.32 | 12/2023 | billion |