Balance on Current Account for West Bank and Gaza
WBGBCAUSD • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
-2,895,400,000.00
Year-over-Year Change
39.91%
Date Range
1/1/2000 - 1/1/2023
Summary
The Balance on Current Account for West Bank and Gaza measures the difference between the value of a country's imports and exports of goods, services, and capital. It is a key indicator of a country's economic health and external balance.
Analysis & Context
This economic indicator provides valuable insights into current market conditions and economic trends. The data is updated regularly by the Federal Reserve and represents one of the most reliable sources for economic analysis.
Understanding this metric helps economists, policymakers, and investors make informed decisions about economic conditions and future trends. The interactive chart above allows you to explore historical patterns and identify key trends over time.
About This Dataset
The Balance on Current Account tracks the net flow of a country's transactions with the rest of the world, including trade in goods and services as well as international income and transfer payments. It is a widely-used metric for evaluating a country's external position and can inform economic policymaking.
Methodology
The data is collected and calculated by the World Bank based on balance of payments accounting principles.
Historical Context
Economists and policymakers use the current account balance to assess a country's trade competitiveness, international investment position, and ability to service foreign debt.
Key Facts
- The current account balance can be in surplus, deficit, or balanced.
- A current account deficit indicates a country is a net borrower from the rest of the world.
- Persistent large deficits can lead to a buildup of foreign debt.
FAQs
Q: What does this economic trend measure?
A: The Balance on Current Account for West Bank and Gaza measures the difference between the value of the country's imports and exports of goods, services, and capital.
Q: Why is this trend relevant for users or analysts?
A: The current account balance is a key indicator of a country's economic health and external position, informing analysis of trade competitiveness, international investment, and ability to service foreign debt.
Q: How is this data collected or calculated?
A: The data is collected and calculated by the World Bank based on standard balance of payments accounting principles.
Q: How is this trend used in economic policy?
A: Economists and policymakers use the current account balance to assess a country's trade position and inform decisions on fiscal, monetary, and exchange rate policies.
Q: Are there update delays or limitations?
A: The data is published quarterly with a short lag, and may be subject to revisions as more complete information becomes available.
Related Trends
Use of Financial Services Deposit Accounts: Accounts at Other Financial Intermediaries for West Bank and Gaza
WBGFCAOFMNUM
Geographical Outreach: Number of Institutions, Other Financial Corporations, Insurance Corporations for West Bank and Gaza
WBGFCIOFINUM
Geographical Outreach: Number of Institutions, Other Financial Corporations, Other Financial Intermediaries for West Bank and Gaza
WBGFCIOFMNUM
Number of Identified Exporters to Gaza Strip Administered by Israel from Georgia
GAGZA475SCEN
Number of Identified Exporters to West Bank Administered by Israel from Pennsylvania
PAWEA475SCEN
Number of Identified Exporters to West Bank Administered by Israel from New York
NYWEA475SCEN
Citation
U.S. Federal Reserve, Balance on Current Account for West Bank and Gaza (WBGBCAUSD), retrieved from FRED.