There can be consequences when the amount a country spends abroad is wildly different from what it receives from the outside world The current account balance seems to be an abstruse economic concept.

For several years, the U.S. has had a large and growing deficit in its current account, the broadest measure of the country’s trade with the rest of the world. While in 1991 the current account was ...

Download PDF More Formats on IMF eLibrary Order a Print Copy Create Citation In terms of size, the net income balance (IB) is comparable to the trade balance (TB) for many countries. Yet the role of ...