Current Account

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Related to Current account balance: balance of payments, Current account deficit

Current Account

A detailed financial statement representing the debit and credit relationship between two parties that has not been finally settled or paid because of the continuous, ongoing dealings of the parties.

References in periodicals archive ?
In this specification, it is assumed for simplicity that the capital account balance (a minor item in the UK balance of payments) and net errors and omissions are zero, so that there is a correspondence between the current account balance and the net acquisition of financial assets (that is, the financial account balance).
The relationship between current account balance and exchange rate is explicitly established in elasticity approach to balance of payment determination.
Our first goal is to determine if the current account balance and government budget balance in the United States have experienced structural shifts in their respective mean processes, and if so, to compare those shifts to provide long-run evidence on the twin deficits proposition.
Gokkent said the high oil exports had impacted the current account balance positively.
They "use data for 61 countries during 1982-2003 to estimate panel regression models for the ratio of the current account balance to GDP".
The current account balance -- the broadest gauge of trade in goods and services -- is the difference between a nation's income from foreign sources and foreign obligations payable, excluding net capital investment.
By applying two contrasting theories to the relationship between the current account balance and the budget balance using Australian data, this paper clearly shows that the Australian current account balance and the budget balance were not directly related.
A surge in gold imports widened India's trade deficit to an 11-month high in June, adding to the uncertainty from global oil prices that could pile more pressure on its current account balance.
The government will pay close attention to developments of the current account balance," Chief Cabinet Secretary Yoshihide Suga told a news conference after the release.
But the current account balance logged a surplus for the sixth consecutive month, driven by growth in direct investment income, which more than offset the trade deficit.
For example, in 1996 the combined current account balance of the developing economies was a deficit of $80 billion, representing a capital inflow of that amount from the industrial world.
The bank's quarterly Urban Spenders survey, which tracks the spending habits of city dwellers across the UK, revealed that the average UK current account balance is pounds 1,650.