Current account balance (current US$)¶
Indicator id: current_account_balance · Unit: current US$ · Coverage: 1990-2024
Net balance of a country's transactions with the rest of the world in goods, services, primary income and secondary income (transfers), in current US dollars. A negative value is a deficit, financed by capital inflows, borrowing or reserve drawdown.
Sources¶
- International Monetary Fund (preferred) -- dataset
BOP:NETCD_T.CAB.USD, codeNETCD_T.CAB.USD(https://www.imf.org)
Caveats¶
IMF Balance of Payments (BOP) series; new to Groundfact, no second source to cross-check against yet. Nepal's current account has swung between deficit and surplus depending on remittance inflows, import demand, and (in 2020-21) pandemic-related import compression -- read alongside remittances_gdp_share and trade_gdp_share for what is driving a given year's balance.
Taxonomy¶
Topic: Economy & Growth, Trade
Themes: economy
Also known as¶
"current account balance", "current account deficit", "current account surplus", "balance of payments", "external balance"
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