Current account balance (credit less debit), Percent of GDP (Balance) in West Bank and Gaza
West Bank and Gaza: Current account balance (credit less debit), Percent of GDP (Balance) was -21.14 in 2024. ▲ Rising
Current account balance (credit less debit), Percent of GDP (Balance) in West Bank and Gaza, 2000–2024
Source: International Monetary Fund.
Analysis
In 2024, current account balance (credit less debit), percent of gdp (balance) in West Bank and Gaza stood at -21.14.
That represents a change of down 62.5% on the previous year and down 55.6% over ten years.
Over the whole period, current account balance (credit less debit), percent of gdp (balance) in West Bank and Gaza peaked at 5.21 in 2008 and was at its lowest, -34.5, in 2004.
West Bank and Gaza ranks 32nd of 32 countries on this measure, in the bottom quarter.
The long-run direction has been consistently rising across the 25 years of available data.
Current account balance (credit less debit), Percent of GDP (Balance) in West Bank and Gaza, year by year
| Year | Value | Change |
|---|---|---|
| 2000 | -19.86 | — |
| 2001 | -20.68 | +4.1% |
| 2002 | -13.65 | -34.0% |
| 2003 | -26.98 | +97.6% |
| 2004 | -34.5 | +27.9% |
| 2005 | -26.63 | -22.8% |
| 2006 | -23.06 | -13.4% |
| 2007 | -7.2 | -68.8% |
| 2008 | 5.21 | -172.3% |
| 2009 | -14.06 | -370.1% |
| 2010 | -13.5 | -4.0% |
| 2011 | -18.5 | +37.1% |
| 2012 | -14.92 | -19.4% |
| 2013 | -14.77 | -1.0% |
| 2014 | -13.59 | -8.0% |
| 2015 | -13.88 | +2.2% |
| 2016 | -13.91 | +0.2% |
| 2017 | -13.21 | -5.0% |
| 2018 | -13.15 | -0.4% |
| 2019 | -10.39 | -21.0% |
| 2020 | -12.25 | +18.0% |
| 2021 | -9.82 | -19.8% |
| 2022 | -10.63 | +8.2% |
| 2023 | -13.01 | +22.4% |
| 2024 | -21.14 | +62.5% |
Biggest year-on-year movements
Years where Current account balance (credit less debit), Percent of GDP (Balance) in West Bank and Gaza 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 | -370.1% | 5.21 | -14.06 |
| 2008 | +172.3% | -7.2 | 5.21 |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 2000s | -18.14 | -34.5 | 5.21 | 10 |
| 2010s | -13.98 | -18.5 | -10.39 | 10 |
| 2020s | -13.37 | -21.14 | -9.82 | 5 |
Countries ranked near West Bank and Gaza
More financial sector data for West Bank and Gaza
- Total reserves (gold at market value) (SDR), annual growth rate 30.88 % change on previous year (2025)
- Gold reserves at 35 SDRs per ounce 0 SDR (2017)
- Reserves excluding gold, foreign exchange 1.33 billion SDR (2025)
- Reserves excluding gold 1.33 billion SDR (2025)
- Total reserves (gold at market value) 1.33 billion SDR (2025)
- Reserves excluding gold, foreign exchange (SDR), annual growth rate 30.88 % change on previous year (2025)
- Reserves excluding gold (SDR), annual growth rate 30.88 % change on previous year (2025)
- Total reserves (gold at national valuation) (SDR), annual growth rate 30.88 % change on previous year (2025)
- Total reserves (gold at market value) (SDR), annual growth rate 30.88 % change on previous year (2025)
- Reserves excluding gold (SDR), annual growth rate 30.88 % change on previous year (2025)
Frequently asked questions
- What is current account balance (credit less debit), percent of gdp (balance) in West Bank and Gaza?
- Current account balance (credit less debit), percent of gdp (balance) in West Bank and Gaza was -21.14 in 2024, according to International Monetary Fund.
- What is the highest current account balance (credit less debit), percent of gdp (balance) recorded in West Bank and Gaza?
- The highest recorded value was 5.21 in 2008.
- What is the lowest current account balance (credit less debit), percent of gdp (balance) recorded in West Bank and Gaza?
- The lowest recorded value was -34.5 in 2004.
- How does West Bank and Gaza rank for current account balance (credit less debit), percent of gdp (balance)?
- West Bank and Gaza ranks 32nd out of 32 countries with data for 2024.
- Is current account balance (credit less debit), percent of gdp (balance) rising or falling in West Bank and Gaza?
- Over the last ten years it is down 55.6%. The long-run trend across the full record is rising.
- Where does this West Bank and Gaza data come from?
- The figures come from International Monetary Fund, published as part of Current account balance (credit less debit), Percent of GDP (Balance of Payments and International Investment Position Manual, Sixth Edition (BPM6)). Statizoid updates them automatically from the source API.
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About this data
The Middle East and Central Asia Department Regional Economic Outlook (MCDREO) provides information on recent economic developments and prospects for 32 countries and territories: Afghanistan, Algeria, Armenia, Azerbaijan, Bahrain, Djibouti, Egypt, Georgia, Islamic Republic of Iran, Iraq, Jordan, Kazakhstan, Kuwait, Kyrgyz Republic, Lebanon, Libya, Mauritania, Morocco, Oman, Pakistan, Qatar, Saudi Arabia, Somalia, Sudan, Syrian Arab Republic, Tajikistan, Tunisia, Turkmenistan, United Arab Emirates, Uzbekistan, West Bank and Gaza, and Yemen. These countries and territories are divided into two main nonoverlapping groups, based on export earnings, namely (1) oil exporters; and (2) oil importers. The oil importers group comprises (1) emerging market and middle-income countries (EM&MI) and (2) low-income countries (LICs) based on the income level. Additional analytical and regional groups might be used to provide a more granular breakdown for analysis and continuity.