In the first nine months of 2008, the average quarterly surplus was around $500 million, after averaging closer to $1 billion in 2007.
According to the Central Bureau of Statistics, Israel's seasonably-adjusted current account surplus in its balance of payments for the third quarter was $469 million, after a surplus of $327 million in the second quarter, and a surplus of $845 million in the first quarter.
In the first nine months of 2008, the average quarterly surplus was around $500 million, after averaging closer to $1 billion in 2007.
The year to date current account surplus reached $1.64 billion, about 50% of the $3.3 billion surplus recorded in 2007. The drop reflects a larger deficit in goods exports and revenue, partially offset by an increase in the services account and current transfers.
Published by Globes [online], Israel business news - www.globes-online.com - on December 16, 2008
© Copyright of Globes Publisher Itonut (1983) Ltd. 2008