Current Account in Israel

Israel Current Account | Economic News & Forecasts

Israel - Current Account

According to preliminary data, growth ebbed slightly over 2019 as a whole compared to 2018, but was likely still well above the regional average. Weaker export growth—amid softer global momentum and trade tensions—along with tepid fixed investment were behind the slowdown. However, solid wage gains, coupled with low inflation and unemployment, spurred private consumption, while public consumption also rose strongly as the government maintained a loose fiscal stance. On the political scene, the country will hold its third elections in a year in March, after parties failed to form a government following the inconclusive September elections. The protracted political paralysis is hindering both long-term policymaking and reforms to rein in the fiscal deficit, although overall growth momentum is unlikely to be significantly affected for the time being.

Israel - Current Account Data

2013  2014  2015  2016  2017  
Current Account (% of GDP)2.9  4.2  5.0  3.8  2.8  

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Israel Current Account Chart

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

Israel Facts

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

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