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Concept information

Preferred term

current account  

Definition

  • The current account measures transactions in goods, services, and income, as well as current transfers between residents and nonresidents of a country. As such, the current account records the value of real resource transactions (i.e., exchanges involving goods, services, and income) and current transfers (i.e., unilateral transfers such as food donations) in a specific time period between a country and the rest of the world. [Source: Encyclopedia of Business in Today's World; Current Account]

Belongs to group

URI

http://data.loterre.fr/ark:/67375/N9J-MNTT5QBC-9

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