36. Current account of the balance of payments

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Last updated 7:03 PM on 6/2/26
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5 Terms

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Balance of payments

Financial record of a country’s transactions with the rest of the world for a given time period.

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Current account

Part of the balance of payments recording exports and imports of goods and services plus net income transfers from abroad.

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Net exports

Value of exports minus value of imports.

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Current account surplus

When a country’s exports exceed its imports.

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Current account deficit

When a country’s imports exceed its exports.