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The balance of payments consists of three primary components: the current account, the financial account, and the capital account. The current account reflects a country's net income , while the financial account reflects the net change in ownership of national assets.
The current balance in 2013 as a percentage of GDP was 1.6%. Germany for 2013 was 238.61, and 2014 was 285.82 with each quarter between 2013 Q1 through 2015 Q2 ranging from a low of 54.13 in Q3 2013 to a high of 68.89 in Q1 2014. Germany's current account balance in Q2 2015 was up to 68.39. The current balance in Q2 as a percentage of GDP was 8.2%.
In macroeconomics and international finance, the capital account, also known as the capital and financial account, records the net flow of investment into an economy.It is one of the two primary components of the balance of payments, the other being the current account.
The balance of payments is a function of three components: transactions involving export or import of goods and services form the current account, transactions involving purchase or sale of financial assets form the financial account, and transactions involving unconventional transfers of wealth form the capital account.
World map by current account balance (% of GDP), 2023, according to World Bank [1]. This is the list of countries by current account balance, expressed in current U.S. dollars and as percentage of GDP, based on the data published by World Bank, United Nations Conference on Trade and Development and Organisation for Economic Co-operation and Development.
Current account (balance of payments), a country's balance of trade, net of factor income and cash transfers; Current account (banking), a checking account, held at a bank or other financial institution; Current account mortgage, a type of flexible mortgage loan
Traditional balance-of-payments accounting is that the change in the net foreign asset position equals the current account balance. In other words, if a country runs a $700 billion current account deficit, it has to borrow exactly $700 billion from abroad to finance the deficit and therefore, the country's net foreign asset position falls by $700 billion.
The sixth edition was released in prepublication form in December 2008. Its title was amended to Balance of Payments and International Investment Position Manual to reflect that it covers not only transactions, but also the stocks of the related financial assets and liabilities.