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  • Economic Calendar Terms

    Current account

    Bank of Finland
    Snellmaninaukio
    PO Box 160, 00101
    Helsinki
    Finland
    358–10–8311

    The current account is the international flow of money for purposes other than investments. It offers a broad picture of how an economy is managing its finances with the rest of the world. If a country has a deficit in its current account it means that it has a saving deficit.

    Current account records the values of the following: - trade balance - income payments and expenditure - unilateral transfers It shows how a country deals with the global economy on a non-investment basis.