Palestine Current Account to GDP

Palestine recorded a Current Account deficit of 21.40 percent of the countrys Gross Domestic Product in 2012. Current Account to GDP in Palestine is reported by the Palestine Monetary Authority. From 1998 until 2012, Palestine Current Account to GDP averaged -20.3 Percent reaching an all time high of -8.1 Percent in December of 2007 and a record low of -35.0 Percent in December of 1999. 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. 2014-04-23

Actual Previous Highest Lowest Forecast Dates Unit Frequency
-21.40 -28.80 -8.10 -34.95 -21.02 | 2014/06 1998 - 2012 Percent Yearly

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Palestine Current Account to GDP
LIST BY COUNTRY

Trade Last Previous Highest Lowest Forecast Unit
Balance of Trade -303.30 2013-11-30 -323.30 -66.79 -429.10 -311.31 2014-06-30 USD Million [+]
Current Account -298.90 2013-09-30 -595.70 764.40 -1516.00 -347.64 2014-06-30 USD Million [+]
Current Account to GDP -21.40 2012-12-31 -28.80 -8.10 -34.95 -21.02 2014-06-30 Percent [+]
Exports 85.00 2013-11-30 71.60 85.00 15.92 80.40 2014-06-30 USD Million [+]
Imports 388.30 2013-11-30 394.90 497.40 82.71 390.17 2014-06-30 USD Million [+]
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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

Palestine Inflation Rate at 2.58 Percent  
The inflation rate in Palestine was recorded at 2.58 percent in March of 2014. Inflation Rate in Palestine is reported by the Palestinian Central Bureau of Statistics.
Palestine Balance of Trade at -303.30 USD Million  
Palestine recorded a trade deficit of 303.30 USD Million in November of 2013. Balance of Trade in Palestine is reported by the Palestinian Central Bureau of Statistics.
Palestine Industrial Production at -6.90 Percent  
Industrial Production in Palestine decreased 6.90 percent in January of 2014 over the same month in the previous year. Industrial Production in Palestine is reported by the Palestinian Central Bureau of Statistics.
Palestine Unemployment Rate at 25.20 Percent  
Unemployment Rate in Palestine increased to 25.20 percent in the fourth quarter of 2013 from 23.70 percent in the third quarter of 2013. Unemployment Rate in Palestine is reported by the Palestinian Central Bureau of Statistics.
Palestine Current Account at -298.90 USD Million  
Palestine recorded a Current Account deficit of 298.90 USD Million in the third quarter of 2013. Current Account in Palestine is reported by the Palestinian Central Bureau of Statistics.
Palestine Imports at 388.30 USD Million  
Imports in Palestine decreased to 388.30 USD Million in November of 2013 from 394.90 USD Million in October of 2013. Imports in Palestine is reported by the Palestinian Central Bureau of Statistics.
Palestine Exports at 85.00 USD Million  
Exports in Palestine increased to 85 USD Million in November of 2013 from 71.60 USD Million in October of 2013. Exports in Palestine is reported by the Palestinian Central Bureau of Statistics.
Palestine GDP Annual Growth Rate at 2.60 Percent  
The Gross Domestic Product (GDP) in Palestine expanded 2.60 percent in the third quarter of 2013 over the same quarter of the previous year. GDP Annual Growth Rate in Palestine is reported by the Palestinian Central Bureau of Statistics.
Palestine GDP per capita at 1653.00 USD  
The Gross Domestic Product per capita in Palestine was last recorded at 1653 US dollars in 2012. The GDP per Capita in Palestine is equivalent to 13 percent of the worlds average. GDP per capita in Palestine is reported by the Palestine Monetary Authority.
Palestine GDP at 6.80 USD Billion  
The Gross Domestic Product (GDP) in Palestine was worth 6.80 billion US dollars in 2012. The GDP value of Palestine represents 0.01 percent of the world economy. GDP in Palestine is reported by the World Bank.
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