Current Account

The current account is a key component of a country's balance of payments, tracking the flow of goods, services, income, and transfers in and out of the economy. It includes trade in goods (exports and imports), services (like tourism and insurance), income earned by residents from investments abroad, and unilateral transfers (like remittances). A surplus indicates that a country exports more than it imports, while a deficit shows the opposite. The current account reflects a nation's economic health and its relationship with the rest of the world.