Current Account. A record of an economy’s international trade in goods, services, investment income and transfers.
The current account includes:
- Trade in goods/visibles (raw materials, manufacture goods, cars etc.).
- Trade in services/invisibles (banking, insurance, transport etc.).
- Investment income (profits, dividends and interest on assets abroad). Money from the use of capital abroad.
- Transfers including aid, remittances (money sent to relatives abroad) and EU contributions.