Current account balance — all countries

Current account balance — Palestine

Current account balance in Palestine in 2024 — -18.1%. Ranked 183 in the world out of 194. Since 1994, the indicator has risen by 11.4 pp.

2024 -18.1% −5.6 pp vs 2023
World rank 183of 194
Period maximum 5.2%2008
Period minimum -34.8%1999

Trend over time

1994–2024 · % of GDP

Current account balance — Palestine, 1994–2024-40-30-20-10010199419972000200320062009201220152018202120241994: -29.5%1995: -31.7%1996: -31%1997: -31.4%1998: -26.4%1999: -34.8%2000: -19.9%2001: -20.7%2002: -13.7%2003: -27%2004: -34.5%2005: -26.6%2006: -23.1%2007: -7.2%2008: 5.2%2009: -14.1%2010: -13.5%2011: -18.5%2012: -14.9%2013: -14.8%2014: -13.6%2015: -13.9%2016: -13.9%2017: -13.2%2018: -13.2%2019: -10.4%2020: -12.3%2021: -9.8%2022: -10.6%2023: -12.5%2024: -18.1%
Change over the period: +11.4 pp Annual average: 0.38 pp

Comparison, 2024

How the value compares with the world and the groups this territory belongs to: Palestine

Palestine -18.1%
World computed 0.42%
Western Asia computed 2.94%
Current account balance — Palestine, by year Palestine All countries CSV XLSX
Year % Change, pp
2024 -18.1 −5.6 pp
2023 -12.5 −1.9 pp
2022 -10.6 −0.8 pp
2021 -9.8 +2.5 pp
2020 -12.3 −1.9 pp
2019 -10.4 +2.8 pp
2018 -13.2 +0 pp
2017 -13.2 +0.7 pp
2016 -13.9 +0 pp
2015 -13.9 −0.3 pp
2014 -13.6 +1.2 pp
2013 -14.8 +0.1 pp
2012 -14.9 +3.6 pp
2011 -18.5 −5 pp
2010 -13.5 +0.6 pp
2009 -14.1 −19.3 pp
2008 5.2 +12.4 pp
2007 -7.2 +15.9 pp
2006 -23.1 +3.5 pp
2005 -26.6 +7.9 pp
2004 -34.5 −7.5 pp
2003 -27 −13.3 pp
2002 -13.7 +7 pp
2001 -20.7 −0.8 pp
2000 -19.9 +14.9 pp
1999 -34.8 −8.4 pp
1998 -26.4 +5 pp
1997 -31.4 −0.4 pp
1996 -31 +0.7 pp
1995 -31.7 −2.2 pp
1994 -29.5

About the indicator

The current account balance of the balance of payments as a percent of GDP: trade in goods and services, primary income (interest, dividends, compensation of employees) and secondary income (transfers). A surplus means a country earns more abroad than it spends and is building up external assets; a persistent deficit has to be financed by an inflow of capital.

Source: World Economic Outlook (IMF), license IMF open data.