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BALANCE OF PAYMENTS, CURRENT ACCOUNT

Statistics Directorate    
Definition:
The balance of payments is a record of a country's international transactions with the rest of the world. Transactions are organized in two different accounts, the current account and the capital and financial account.

The current account includes all the transactions (other than those in financial items) that involve economic values and occur between resident and non- residents entities. Also covered are offsets to current economic values provided or acquired without a quid pro quo.

Specifically, the major classifications are:
- goods and services;
- income;
- current transfers.

Source Publication:
BPM para. 152.

Cross References:
Balance of payments, capital and financial accounts
Balance of payments, goods
Balance of payments, income
Balance of payments, services

Hyperlink:
http://www.imf.org/external/np/sta/bop/BOPman.pdf

Statistical Theme: Financial statistics - Balance of payments

Created on Tuesday, September 25, 2001

Last updated on Tuesday, March 26, 2013