Current Account Balance for West Bank and Gaza
WBGBCAGDPGDPPT • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
-16.62
Year-over-Year Change
-10.16%
Date Range
1/1/2000 - 1/1/2023
Summary
The Current Account Balance for West Bank and Gaza measures the difference between a country's total exports and total imports. It is a key indicator of a nation's economic health and international trade dynamics.
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 Current Account Balance tracks the balance of trade, net income from abroad, and net current transfers. It reflects a country's ability to pay for imports and service existing debt, making it a crucial metric for economists and policymakers.
Methodology
The data is collected and calculated by the World Bank based on national accounts and balance of payments statistics.
Historical Context
This metric is widely used to assess a country's external sustainability and guide economic and trade policy decisions.
Key Facts
- The Current Account Balance can be in surplus, deficit, or balanced.
- A surplus indicates a country is a net lender to the rest of the world.
- A deficit means a country is borrowing from the rest of the world.
FAQs
Q: What does this economic trend measure?
A: The Current Account Balance measures the difference between a country's total exports and total imports, including net income and transfers.
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 international trade dynamics, informing economic and policy decisions.
Q: How is this data collected or calculated?
A: The data is collected and calculated by the World Bank based on national accounts and balance of payments statistics.
Q: How is this trend used in economic policy?
A: Policymakers and economists use the Current Account Balance to assess a country's external sustainability and guide trade and economic policies.
Q: Are there update delays or limitations?
A: The data is published with a lag, and may be subject to revisions as more complete information becomes available.
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Citation
U.S. Federal Reserve, Current Account Balance for West Bank and Gaza (WBGBCAGDPGDPPT), retrieved from FRED.