Current account意思

"Current account" is a term used in economics and finance that refers to one of the two components of a country's balance of payments (the other being the capital account). The current account records a country's transactions in goods, services, income, and current transfers with the rest of the world.

Here's a breakdown of what each category in the current account includes:

1. Goods: This includes exports and imports of tangible products such as cars, food, and machinery.
2. Services: This includes transactions in services such as tourism, banking, and transportation.
3. Income: This includes earnings from investments such as interest, dividends, and profits from foreign investments, as well as wages earned by citizens working abroad.
4. Current transfers: These are unilateral transfers, such as foreign aid, remittances, and military assistance.

A current account surplus occurs when a country's current account receipts exceed its current account payments. Conversely, a current account deficit occurs when a country's current account payments exceed its current account receipts.

The current account is an important indicator of a country's economic health and can have significant implications for a country's exchange rate, interest rates, and economic policy.