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| Definition: |
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.
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| Source
Publication: |
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BPM para. 152.
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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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