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| Definition: |
The major components of the capital account are:
- capital transfers, and
- acquisition/disposal of non-produced, non- financial assets.
Capital transfers consist of those involving transfers of ownership of fixed assets; transfers of funds linked to, or conditional upon, acquisition or disposal of fixed assets; or cancellation, without any counterparts being received in return, of liabilities by creditors. This item does not cover land in a specific economic territory.
Capital transfers include two components: (i) general government, subdivided into debt forgiveness and other, and (ii) other, subdivided into migrants' transfers, debt forgiveness, and other transfers.
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| Source
Publication: |
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BPM, para. 175.
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| Statistical
Theme: Financial statistics - Balance of payments |
| Created
on Tuesday, September 25, 2001 |
| Last
updated on Wednesday, November 07, 2001 |
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