Palestine: Current account, in dollars
* indicates monthly or quarterly data series
| Palestine |
Current account balance, billion USD |
|---|---|
| Latest value | -2.90 |
| Year | 2023 |
| Measure | billion U.S. dollars |
| Data availability | 1995 - 2023 |
| Average | -1.47 |
| Min - Max | -2.90 - 0.38 |
| Source | The World Bank |
The latest value from 2023 is -2.9 billion U.S. dollars, a decline from -2.04 billion U.S. dollars in 2022. In comparison, the world average is 1.95 billion U.S. dollars, based on data from 148 countries. Historically, the average for Palestine from 1995 to 2023 is -1.47 billion U.S. dollars. The minimum value, -2.9 billion U.S. dollars, was reached in 2023 while the maximum of 0.38 billion U.S. dollars was recorded in 2008.
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Definition: Current account balance is the sum of net exports of goods and services, net primary income, and net secondary income. Data are in current U.S. dollars.
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| Related indicators | Latest | Reference | Measure |
|---|---|---|---|
| Terms of trade | 67.52 | 2021 | percent |
| Trade openness | 86.39 | 2023 | percent |
| Exports, percent of GDP | 19.59 | 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 | 0.10 | 2023 | billion U.S. dollars |
| Portfolio investment inflows, equities | -141.87 | 2023 | million dollars (current) |
| Current account, percent of GDP | -16.70 | 2023 | percent |
| Current account, in dollars | -2.90 | 2023 | billion U.S. dollars |
| Trade balance, percent of GDP | -47.27 | 2023 | percent |
| Trade balance, in dollars | -8.22 | 2023 | 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 | 799.54 | 2023 | million USD |
| Foreign exchange reserves | 1.32 | 12/2023 | billion |