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current account |
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current accountIn economics, that part of the balance of payments concerned with current transactions, as opposed to capital movements. It includes trade (visibles) and service transactions, such as investment, insurance, shipping, and tourism (invisibles). The state of the current account is regarded as a barometer of overall economic health. In some countries, such as Italy, Spain, and Portugal, visibles make a large contribution to the current account and may more than offset trade deficits. |
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| America's current account trade deficit fell to $208. Through the 1980s, the RBA (and Treasury) moved to consideration of a basket of indicators of macroeconomic "health," monitoring a number of problem indicators, including inflation and the current account deficit. trade balance, and you get a current account deficit that reached $665. |
current account
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