balance of payments on current account

Fin
a system of recording a country’s imports and exports of goods and services during a period, usually one year

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  • Current account — This article is about the macroeconomic current account. For day to day bank accounts, see Current account (banking). Cumulative Current Account Balance 1980–2008 (US$ Billions) based on the International Monetary Fund data In economics, the… …   Wikipedia

  • balance of payments current account — ➔ account1 * * * balance of payments current account UK US noun [singular] (also external account) ► ECONOMICS a record of the movement of money into and out of a country from trade in goods and services: »The Reserve Bank Governor is reported to …   Financial and business terms

  • Balance of payments — In economics, the balance of payments, (or BOP) measures the payments that flow between any individual country and all other countries. It is used to summarize all international economic transactions for that country during a specific time period …   Wikipedia

  • current account — net flow of goods, services, and unilateral transactions (gifts) between countries. Bloomberg Financial Dictionary The part of the balance of payments which is due to trade flows. It can be broken down into visibles, which are physical goods… …   Financial and business terms

  • Current account — Net flow of goods, services, and unilateral transactions (gifts) between countries. The New York Times Financial Glossary * * * current account current account ➔ account1 * * *    A country s current account balance is the sum of the visible… …   Financial and business terms

  • Balance of payments accounts of Japan (1960–90) — In its balance of payments accounts, Japan has traditionally run a deficit in services. Trade in services includes transportation (freight and passenger fares), insurance, travel expenditures, royalties, licensing fees, and income from… …   Wikipedia

  • current account — noun 1. that part of the balance of payments recording a nation s exports and imports of goods and services and transfer payments • Hypernyms: ↑accounting • Part Holonyms: ↑balance of payments, ↑balance of international payments 2. a bank account …   Useful english dictionary

  • balance of payments —    Spain s balance of payments shows the usual cycle of oscillations between surplus years and deficit years. From the early 1960s to the early 1970s there was generally a surplus. But Spain s dependence on imported oil changed the situation… …   Encyclopedia of contemporary Spanish culture

  • current account — / kʌrənt əˌkaυnt/ noun 1. an account in an bank from which the customer can withdraw money when he or she wants. Current accounts do not always pay interest. ● to pay money into a current account Also called cheque account (NOTE: The US term is… …   Dictionary of banking and finance

  • balance of payments — A statistical compilation formulated by a sovereign nation of all economic transactions between residents of that nation and residents of all other nations during a stipulated period of time, usually a calendar year. Bloomberg Financial… …   Financial and business terms

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