Current account balance as a proportion of GDP (%) in State of Palestine
State of Palestine: Current account balance as a proportion of GDP (%) was -21.1% in 2024. ▲ Rising
Current account balance as a proportion of GDP in State of Palestine, 2000–2024
Source: United Nations Statistics Division, SDG Global Database. Measured in %.
Analysis
State of Palestine recorded -21.1% for current account balance as a proportion of gdp in 2024.
That represents a change of down 30.3% on the previous year and down 55.6% over ten years.
Over the whole period, current account balance as a proportion of gdp in State of Palestine peaked at 5.2% in 2008 and was at its lowest, -34.5%, in 2004.
That places State of Palestine 199th out of 205 countries with data for 2024, putting it in the bottom quarter.
The long-run direction has been consistently rising across the 25 years of available data.
Current account balance as a proportion of GDP (%) in State of Palestine, year by year
| Year | % | Change |
|---|---|---|
| 2000 | -19.9% | — |
| 2001 | -20.7% | +4.1% |
| 2002 | -13.7% | -34.0% |
| 2003 | -27.0% | +97.6% |
| 2004 | -34.5% | +27.9% |
| 2005 | -26.6% | -22.8% |
| 2006 | -23.1% | -13.4% |
| 2007 | -7.2% | -68.8% |
| 2008 | 5.2% | -172.3% |
| 2009 | -14.1% | -371.6% |
| 2010 | -13.5% | -4.5% |
| 2011 | -18.5% | +37.0% |
| 2012 | -14.9% | -19.4% |
| 2013 | -14.8% | -1.0% |
| 2014 | -13.6% | -8.0% |
| 2015 | -13.9% | +2.1% |
| 2016 | -13.9% | +0.2% |
| 2017 | -13.2% | -5.0% |
| 2018 | -13.2% | -0.4% |
| 2019 | -10.4% | -21.0% |
| 2020 | -12.3% | +18.0% |
| 2021 | -9.8% | -19.9% |
| 2022 | -10.6% | +8.2% |
| 2023 | -16.2% | +52.7% |
| 2024 | -21.1% | +30.3% |
Biggest year-on-year movements
Years where Current account balance as a proportion of GDP (%) in State of Palestine changed far more than this series normally does. A large move can be a real event or a change in how the figure was measured — the source note below says who published it.
| Year | Change | From | To |
|---|---|---|---|
| 2009 | -371.6% | 5.2% | -14.1% |
| 2008 | +172.3% | -7.2% | 5.2% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 2000s | -18.1% | -34.5% | 5.2% | 10 |
| 2010s | -14.0% | -18.5% | -10.4% | 10 |
| 2020s | -14.0% | -21.1% | -9.8% | 5 |
Countries ranked near State of Palestine
More economy & growth data for State of Palestine
- Foreign direct investment (FDI) inflows 162 million current US$ (2024)
- Annual growth rate of real GDP per employed person -5.0% (2022)
- Manufacturing value added (constant 2020 United States dollars) as a 14.9% (2025)
- Manufacturing value added (current United States dollars) as a 11.3% (2024)
- Annual growth rate of real GDP per capita -24.1% (2024)
- Annual GDP growth -26.6% (2024)
- Foreign direct investment, net inflows, as a proportion of GDP 1.2% (2024)
- Annual growth of exports of goods and services -11.1% (2024)
- Annual growth of imports of goods and services -31.1% (2024)
- Annual growth of the gross capital formation -30.0% (2024)
Frequently asked questions
- What is current account balance as a proportion of gdp in State of Palestine?
- Current account balance as a proportion of gdp in State of Palestine was -21.1% in 2024, according to United Nations Statistics Division, SDG Global Database.
- What is the highest current account balance as a proportion of gdp recorded in State of Palestine?
- The highest recorded value was 5.2% in 2008.
- What is the lowest current account balance as a proportion of gdp recorded in State of Palestine?
- The lowest recorded value was -34.5% in 2004.
- How does State of Palestine rank for current account balance as a proportion of gdp?
- State of Palestine ranks 199th out of 205 countries with data for 2024.
- Is current account balance as a proportion of gdp rising or falling in State of Palestine?
- Over the last ten years it is down 55.6%. The long-run trend across the full record is rising.
- Where does this State of Palestine data come from?
- The figures come from United Nations Statistics Division, SDG Global Database, published as part of Current account balance as a proportion of GDP (%). Statizoid updates them automatically from the source API.
Download this data
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