Israel Current Account to GDP

Israel recorded a Current Account surplus of 2.47 percent of the country's Gross Domestic Product in 2013. Current Account to GDP in Israel is reported by the Central Bureau of Statistics, Israel. Current Account to GDP in Israel averaged -0.93 Percent from 1980 until 2013, reaching an all time high of 4.66 Percent in 2006 and a record low of -8.30 Percent in 1982. The Current account balance as a percent of GDP provides an indication on the level of international competitiveness of a country. Usually, countries recording a strong current account surplus have an economy heavily dependent on exports revenues, with high savings ratings but weak domestic demand. On the other hand, countries recording a current account deficit have strong imports, a low saving rates and high personal consumption rates as a percentage of disposable incomes. This page provides - Israel Current Account to GDP - actual values, historical data, forecast, chart, statistics, economic calendar and news. 2014-04-24

Actual Previous Highest Lowest Forecast Dates Unit Frequency
2.47 0.33 4.66 -8.30 3.02 | 2014/06 1980 - 2013 Percent Yearly

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Israel Current Account to GDP
LIST BY COUNTRY

Trade Last Previous Highest Lowest Forecast Unit
Current Account 2157.00 2013-11-15 1828.00 3382.10 -1750.20 2230.55 2014-06-30 USD Million [+]
Capital Flows 7221.00 2013-11-15 1896.00 7221.00 -3565.90 8511.91 2014-06-30 USD Million [+]
External Debt 95632.50 2013-12-31 94846.60 113874.80 18963.00 94163.63 2014-06-30 USD Million [+]
Foreign Direct Investment 4075.00 2012-12-31 4286.00 4441.00 2638.00 3334.87 2014-06-30 USD Million [+]
Remittances 1104.80 2013-11-15 828.70 1104.80 286.90 1072.19 2014-06-30 USD Million [+]
Terms of Trade 102.45 2013-11-15 102.11 106.46 87.22 103.08 2014-06-30 Index Points [+]
Tourist Arrivals 283.72 2014-03-15 221.54 338.90 15.31 258.29 2014-06-30 Thousand [+]
Current Account to GDP 2.47 2013-12-31 0.33 4.66 -8.30 3.02 2014-06-30 Percent [+]
Balance of Trade -1781.80 2014-03-15 -136.00 113.80 -2334.00 -1205.53 2014-06-30 USD Million [+]
Exports 4453.40 2014-03-15 5667.10 5848.30 10.80 4925.59 2014-06-30 USD Million [+]
Imports 6235.20 2014-03-15 5803.10 6987.10 33.10 6102.55 2014-06-30 USD Million [+]
[+]


Current Account to GDP | Notes
The Current account balance as a percent of GDP provides an indication on the level of international competiveness of a country. Usually, countries recording a strong current account surplus have an economy heavily dependent on exports revenues, with high savings ratings but weak domestic demand. On the other hand, countries recording a current account deficit have strong imports, a low saving rates and high personal consumption rates as a percentage of disposable incomes.


RELATED NEWS

Israel Current Account at 2157.00 USD Million  
Israel recorded a Current Account surplus of 2157 USD Million in the fourth quarter of 2013. Current Account in Israel is reported by the Central Bureau of Statistics, Israel.
Israel Bank Prime Rate at 4.20 Percent  
Bank Lending Rate in Israel remained unchanged at 4.20 percent in January of 2014 from 4.20 percent in December of 2013. Bank Lending Rate in Israel is reported by the Bank of Israel.
Israel Business Confidence at 2.50  
Business Confidence in Israel decreased to 2.50 in March of 2014 from 5.60 in February of 2014. Business Confidence in Israel is reported by the Central Bureau of Statistics, Israel.
Israel Capital Flows at 7221.00 USD Million  
Capital Flows in Israel increased to 7221 USD Million in the fourth quarter of 2013 from 1896 USD Million in the third quarter of 2013. Capital Flows in Israel is reported by the Central Bureau of Statistics, Israel.
Israel Consumer Confidence at -26.18  
Consumer Confidence in Israel increased to -26.18 in March of 2014 from -26.48 in February of 2014. Consumer Confidence in Israel is reported by the Central Bureau of Statistics, Israel.
Israel Changes in Inventories at -3195.90 ILS Million  
Changes in Inventories in Israel decreased to -3195.90 ILS Million in the fourth quarter of 2013 from 6044.90 ILS Million in the third quarter of 2013. Changes in Inventories in Israel is reported by the Central Bureau of Statistics, Israel.
Israel Consumer Price Index (CPI) at 101.80 Index Points  
Consumer Price Index (CPI) in Israel increased to 101.80 Index Points in March of 2014 from 101.50 Index Points in February of 2014. Consumer Price Index (CPI) in Israel is reported by the Central Bureau of Statistics, Israel.
Israel Consumer Spending at 138618.80 ILS Million  
Consumer Spending in Israel increased to 138618.80 ILS Million in the fourth quarter of 2013 from 137748.80 ILS Million in the third quarter of 2013. Consumer Spending in Israel is reported by the Central Bureau of Statistics, Israel.
Israel Employed Persons at 3477.08 Thousand  
The number of employed persons in Israel increased to 3477.08 Thousand in the fourth quarter of 2013 from 3470.63 Thousand in the third quarter of 2013. Employed Persons in Israel is reported by the Central Bureau of Statistics, Israel.
Israel Export Prices at 113.00 Index Points  
Export Prices in Israel increased to 113 Index Points in the fourth quarter of 2013 from 111.30 Index Points in the third quarter of 2013. Export Prices in Israel is reported by the Central Bureau of Statistics, Israel.
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