Israel's current account surplus down to 19.8 bln USD in 2022: report-Xinhua

Israel's current account surplus down to 19.8 bln USD in 2022: report

Source: Xinhua

Editor: huaxia

2023-03-12 22:59:30

JERUSALEM, March 12 (Xinhua) -- Israel's current account surplus totaled 19.8 billion U.S. dollars in 2022, said the country's Central Bureau of Statistics on Sunday.

This is a decrease of 1.6 billion dollars compared to the surplus registered in 2021, and of 2.9 billion dollars compared to 2020, it said in an annual balance of payments report.

The decrease in last year's surplus includes a 4.4-billion-dollar increase in the goods trade deficit. However, it was offset by an increase of 2 billion dollars in the services trade surplus and an 800-million-dollar rise in the income account, which includes salaries, investments, and assets.

The surplus in the goods and services trade account amounted to 17 billion dollars in 2022, following a surplus of 19.4 billion dollars in the previous year.

The current account balance includes the transactions of Israeli residents with foreign sides in the trade of goods and services, as well as income from financial investments, compensation of employees, and current transfers.