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).
Central bank's
current account balance and overall balance of payments have maintained positive trend as export earnings and inflow of remittances continued to grow though at a moderated pace, the BB official said.
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.
Japan's
current account balance, weighed down by falling exports, has plunged to its worst ever deficit.
Cuba's
current account balance of payments was US$240 million in deficit in 2006, vs, a surplus of US$140 million in 2005, and foreign debt rose by US$2 billion to around US$16 billion, the government said.
The entry into production of the new manufacturing plants has contributed to a sharp improvement in the
current account balance, to a deficit of 7.2% of GDP in early 2007 on a previous 12-month basis.
According to NBAD's third quarter Economic Quarterly, the UAE's
current account balance will touch $28.1 bn in 2006 or 17.4% of the national income compared to $19.1 bn in 2005.
Taking a long-term view, what is happening to the exchange rate is consistent and appropriate with the trade and
current account balance.
The
current account balance, a measure of money flowing in and out of a country, jumped to a surplus of 6.3% of gross domestic product (GDP) in 2004, compared with a 3.7% deficit in 2002.
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.
The UK
current account balance averages pounds 1,650.
A taxpayer can compute the distribution every year based on the
current account balance and life expectancy.
