Palestine Current Account to GDP

Palestine recorded a Current Account deficit of 21.40 percent of the country's Gross Domestic Product in 2012. Current Account to GDP in Palestine averaged -20.34 Percent from 1998 until 2012, reaching an all time high of -8.10 Percent in 2007 and a record low of -34.95 Percent in 1999. Current Account to GDP in Palestine is reported by the Palestine Monetary Authority.


Palestine Current Account to GDP

Actual Previous Highest Lowest Dates Unit Frequency
-21.40 -28.80 -8.10 -34.95 1998 - 2012 Percent Yearly
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 - Palestine Current Account to GDP - actual values, historical data, forecast, chart, statistics, economic calendar and news.

Trade Last Previous Highest Lowest Unit
Balance of Trade -398.70 -344.80 -66.79 -429.10 USD Million [+]
Exports 70.20 73.30 85.00 15.92 USD Million [+]
Imports 468.90 418.10 497.40 82.71 USD Million [+]
Current Account -418.50 -365.30 764.40 -1516.00 USD Million [+]
Current Account to GDP -21.40 -28.80 -8.10 -34.95 Percent [+]

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