Current account balance as a share of GDP in Palestine, State of
Palestine, State of: Current account balance as a share of GDP was -21.1% in 2024. ▲ Rising
Current account balance as a share of GDP in Palestine, State of, 2000–2024
Source: International Monetary Fund – processed by Our World in Data. Measured in %.
Analysis
The most recent figure for current account balance as a share of gdp in Palestine, State of is -21.1%, measured 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 share of gdp in Palestine, State of peaked at 5.2% in 2008 and was at its lowest, -34.5%, in 2004.
That places Palestine, State of 188th out of 193 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 share of GDP in Palestine, State of, year by year
| Year | % | Change |
|---|---|---|
| 2000 | -19.9% | — |
| 2001 | -20.7% | +4.1% |
| 2002 | -13.7% | -33.9% |
| 2003 | -27.0% | +97.5% |
| 2004 | -34.5% | +27.9% |
| 2005 | -26.6% | -22.8% |
| 2006 | -23.1% | -13.4% |
| 2007 | -7.2% | -68.8% |
| 2008 | 5.2% | -172.4% |
| 2009 | -14.1% | -371.4% |
| 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% | -0.5% |
| 2019 | -10.4% | -21.0% |
| 2020 | -12.2% | +17.9% |
| 2021 | -9.8% | -19.8% |
| 2022 | -10.6% | +8.2% |
| 2023 | -16.2% | +52.6% |
| 2024 | -21.1% | +30.3% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 2000s | -18.2% | -34.5% | 5.2% | 10 |
| 2010s | -14.0% | -18.5% | -10.4% | 10 |
| 2020s | -14.0% | -21.1% | -9.8% | 5 |
Countries ranked near Palestine, State of
More economy & growth data for Palestine, State of
- Foreign direct investment, net outflows (BoP, current US$), gaps 14.66 million BoP, current US$ (2025)
- Foreign direct investment, net outflows (BoP, current US$), per unit 0.0009 BoP, current US$ per US$ of GDP (2025)
- Foreign direct investment, net outflows (BoP, current US$), per capita 2.71 BoP, current US$ per person (2025)
- Foreign direct investment, net inflows (BoP, current US$), gaps filled 329.83 million BoP, current US$ (2025)
- Foreign direct investment, net inflows (BoP, current US$), annual 103.37 % change on previous year (2025)
- Foreign direct investment, net inflows (BoP, current US$), per unit 0.0192 BoP, current US$ per US$ of GDP (2025)
- Foreign direct investment, net inflows (BoP, current US$), per capita 60.93 BoP, current US$ per person (2025)
- Total reserves (includes gold, current US$), annual growth rate 37.44 % change on previous year (2025)
- Total reserves (includes gold, current US$), per unit of GDP 0.1063 includes gold, current US$ per US$ of GDP (2025)
- Total reserves (includes gold, current US$), per capita 337.15 includes gold, current US$ per person (2025)
Frequently asked questions
- What is current account balance as a share of gdp in Palestine, State of?
- Current account balance as a share of gdp in Palestine, State of was -21.1% in 2024, according to International Monetary Fund – processed by Our World in Data.
- What is the highest current account balance as a share of gdp recorded in Palestine, State of?
- The highest recorded value was 5.2% in 2008.
- What is the lowest current account balance as a share of gdp recorded in Palestine, State of?
- The lowest recorded value was -34.5% in 2004.
- How does Palestine, State of rank for current account balance as a share of gdp?
- Palestine, State of ranks 188th out of 193 countries with data for 2024.
- Is current account balance as a share of gdp rising or falling in Palestine, State of?
- Over the last ten years it is down 55.6%. The long-run trend across the full record is rising.
- Where does this Palestine, State of data come from?
- The figures come from International Monetary Fund – processed by Our World in Data, published as part of Current account balance as a share of GDP. Statizoid updates them automatically from the source API.
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About this data
Current account balance as a proportion of GDP (%).