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  • Economic Calendar Terms

    Current Account Balance

    Bank Of Portugal
    R. do Ouro,
    27 (1100-150 Lisboa)

    Balance of payments is a set of accounts recording all economic transactions between the residents of the country and the rest of the world in a given period of time, usually one year.

    Current account records the values of the following: - trade balance - exports and imports of goods and services - income payments and expenditure - interest, dividends, salaries - unilateral transfers - aid, taxes, one-way gifts Current account surplus may strengthen the demand for local currency. Persistent deficit may lead to a depreciation of a currency.