Current Account in Israel

Israel Current Account | Economic News & Forecasts

Israel - Current Account

The economy lost steam in Q3, amid a surge in Covid-19 cases and the consequent tightening of restrictions. Looking at subsectors, private consumption growth slowed notably, while public spending slipped into contraction and fixed investment accelerated. However, the overall GDP slowdown was exaggerated by the effect of lower taxes on car imports—a factor which frequently distorts Israel’s national accounts figures. Turning to Q4, October’s Composite State of the Economy Index reading suggests activity is accelerating, with the services sector likely benefiting from tumbling Covid-19 cases as the vaccine booster campaign has been rolled out. However, the sudden border closure in November will be hitting tourism. In politics, the government approved the 2021 and 2022 budgets in November, averting snap elections. The budgets also contain structural reforms with the potential to boost future growth.

Israel - Current Account Data

2015   2016   2017   2018   2019  
Current Account (% of GDP)5.2  3.6  2.4  2.6  3.6  

Sample Report

5 years of economic forecasts for more than 30 economic indicators.


Israel Current Account Chart

Israel Current Account
Note: Current account balance as % of GDP.
Source: Central Bureau of Statistics and FocusEconomics calculations.

Israel Facts

Value Change Date
Bond Yield0.98-1.69 %Jan 01
Exchange Rate3.46-0.37 %Dec 31

Sample Report

Get a sample report showing our regional, country and commodities data and analysis.


Request a Trial

Start working with the reports used by the world’s major financial institutions, multinational enterprises & government agencies now. Click on the button below to get started.

Sign Up

Economic News

Search form