Type: comparison of current account balances with expected balances
Source: Company budgets and forecasts
The record of a nation's financial inflows and outflows includes the current account balance. It is a component of the balance of payments, which is a summary of all international transactions. A nation's financial dealings with the rest of the world are reported in the balance of payments . An economy that has a surplus is one that is a net debtor to the rest of the world. A deficit indicates that a country's economy and government are net debtors to the rest of the world.
A current account is made up of four main parts: commodities, services, revenue, and current transfers.
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