Concept information
Preferred term
current account deficit
Definition
- The current account deficit is broader than the generally well-known trade deficit because it includes the deficit (or surplus) on investments and both personal (think foreigners sending money home) and government (think foreign aid or military assistance) transfer payments. A current account is the difference between exports and imports plus the difference between interest and dividends received from foreigners or paid to foreigners plus the difference in transfer payments paid or received. [Source: Encyclopedia of Social Problems; Current Account Deficit]
Broader concept
Belongs to group
URI
https://concepts.sagepub.com/social-science/concept/current_account_deficit
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