Current Account

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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.

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Bulgaria's current account surplus stood at EUR 885.8 M or 2.3% of gross domestic product in the first seven months of the year compared to a deficit of EUR 390.8 M a year ago, which accounted for 1.1% of GDP, data showed.
In December, the current account surplus totalled DKK7.8bn, up by DKK3bn compared with December 2009.
"Sweden's public finances have been resilient in the face of a 5% real contraction of the economy in 2009, and together with the high savings rate, reflected in the large current account surplus, are key strengths underpinning the sovereign ratings," Eral Yilmaz, a director at Fitch, said.
JAPAN'S current account surplus in July fell 19.4% from a year earlier as exports tumbled amid a slowing recovery in the global economy, the finance ministry said yesterday.
Unlike the debt-dependent economies of the US, Britain and several European nations, the UAE enjoys a huge current account surplus and has been a net exporter of capital.
Iran`s current account surplus stood at 32 billion and 930 million dollars in the last year, Business Monitor announced adding that the figure will stand at 38 billion and 920 million dollars in the current year.
Indonesia recorded a surplus of US$1 billion in its balance of payments in the first quarter of 2008 with current account surplus of US$2.8 billion.
"China's current account surplus has exploded in recent years from a modest $46 billion in 2003 to $250 billion last year.
The UAE's nominal GDP is forecast to reach $161.3 bn in 2006 on the back of high oil prices and a current account surplus projected to rise to $28.1 bn, a report from the National Bank of Abu Dhabi (NBAD) said.
All these factors have improved Latin America's health to the point that the region posted a current account surplus in 2003, the first time in 50 years.
Japan's current account surplus soared 51.9% in the first half of 2002 from a year earlier to 7,927.5 billion yen, marking the second-largest amount for a six-month period on the back of brisk exports, the Finance Ministry said in a preliminary report Monday.
Malaysia recorded a current account surplus of 10.7 billion ringgit ($2.8 billion) in the first quarter of this year, almost unchanged from the previous quarter but down 0.8% year-on-year, the Statistics Department said Wednesday.