JERUSALEM, March 13 (Xinhua) -- Israel's current account surplus totaled 17.1 billion U.S. dollars in 2024, the country's Central Bureau of Statistics said on Thursday.
This marks a decrease of 1.9 billion dollars compared to the surplus recorded in 2023, as outlined in a report on the annual balance of payments.
The decline in 2024's current account surplus was attributed to a 5.7-billion-dollar rise in the goods trade deficit and a 1.4-billion-dollar increase in the primary income account deficit.
However, this decrease was partly offset by a 4.3-billion-dollar increase in services trade surplus and a 0.9-billion-dollar rise in the secondary income account surplus, according to the report.
Overall, the surplus in Israel's goods and services trade account amounted to 12.9 billion dollars, following a surplus of 14.3 billion dollars in 2023.
The current account balance encompasses the transactions between Israeli residents and foreign entities, including the exchange of goods and services, income from financial investments, employee compensation, and current transfers.
