Current Account Balance Calculator

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✖Exports are the goods and services that are made in one country and transmitted to foreigners.ⓘ Exports [X]			+10% -10%
✖Imports are the goods and services of foreign origin brought into a country.ⓘ Imports [I]			+10% -10%
✖Net Income Abroad is the difference between the total values of the primary incomes receivable from, and payable to, non-residents.ⓘ Net Income Abroad [NY]			+10% -10%
✖Net Current Transfers from abroad is equal to the unrequited transfers of income from nonresidents to residents minus the unrequited transfers from residents to nonresidents.ⓘ Net Current Transfers [NCT]			+10% -10%

✖Current Account Balance tells us whether the current account is in deficit or surplus (whether it has more credit or debit).ⓘ Current Account Balance [CAB]

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Current Account Balance Solution

STEP 0: Pre-Calculation Summary

Formula Used

Current Account Balance = Exports-Imports+Net Income Abroad+Net Current Transfers
CAB = X-I+NY+NCT
This formula uses 5 Variables

Variables Used

Current Account Balance - Current Account Balance tells us whether the current account is in deficit or surplus (whether it has more credit or debit).
Exports - Exports are the goods and services that are made in one country and transmitted to foreigners.
Imports - Imports are the goods and services of foreign origin brought into a country.
Net Income Abroad - Net Income Abroad is the difference between the total values of the primary incomes receivable from, and payable to, non-residents.
Net Current Transfers - Net Current Transfers from abroad is equal to the unrequited transfers of income from nonresidents to residents minus the unrequited transfers from residents to nonresidents.

STEP 1: Convert Input(s) to Base Unit

Exports: 500000 --> No Conversion Required
Imports: 400000 --> No Conversion Required
Net Income Abroad: 20000 --> No Conversion Required
Net Current Transfers: 100000 --> No Conversion Required

STEP 2: Evaluate Formula

Substituting Input Values in Formula

CAB = X-I+NY+NCT --> 500000-400000+20000+100000

Evaluating ... ...

CAB = 220000

STEP 3: Convert Result to Output's Unit

220000 --> No Conversion Required

FINAL ANSWER

220000 <-- Current Account Balance

(Calculation completed in 00.005 seconds)

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Created by Keerthika Bathula

Indian Institute of Technology, Indian School of mines, Dhanbad (IIT ISM Dhanbad), Dhanbad

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< International Finance Calculators

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Current Account Balance Formula

LaTeX Go

Current Account Balance = Exports-Imports+Net Income Abroad+Net Current Transfers
CAB = X-I+NY+NCT

What is the Current Account Balance?

The current account balance (CAB) is part of a country's financial inflow and outflow record. It is part of the balance of payments, the statement of all transactions made between one country and another. The balance of payments (BOP) is the place where countries record their monetary transactions with the rest of the world. Examining the current account balance of a country's BOP can provide a good idea of its economic activity. It includes activity around a country's industries, capital market, services, and the money entering the country from other governments or through remittances.

How to Calculate Current Account Balance?

Current Account Balance calculator uses Current Account Balance = Exports-Imports+Net Income Abroad+Net Current Transfers to calculate the Current Account Balance, The Current Account Balance is part of a country's financial inflow and outflow record. It is part of the balance of payments, the statement of all transactions made between one country and another. Current Account Balance is denoted by CAB symbol.

How to calculate Current Account Balance using this online calculator? To use this online calculator for Current Account Balance, enter Exports (X), Imports (I), Net Income Abroad (NY) & Net Current Transfers (NCT) and hit the calculate button. Here is how the Current Account Balance calculation can be explained with given input values -> 220000 = 500000-400000+20000+100000.

FAQ

What is Current Account Balance?

The Current Account Balance is part of a country's financial inflow and outflow record. It is part of the balance of payments, the statement of all transactions made between one country and another and is represented as CAB = X-I+NY+NCT or Current Account Balance = Exports-Imports+Net Income Abroad+Net Current Transfers. Exports are the goods and services that are made in one country and transmitted to foreigners, Imports are the goods and services of foreign origin brought into a country, Net Income Abroad is the difference between the total values of the primary incomes receivable from, and payable to, non-residents & Net Current Transfers from abroad is equal to the unrequited transfers of income from nonresidents to residents minus the unrequited transfers from residents to nonresidents.

How to calculate Current Account Balance?

The Current Account Balance is part of a country's financial inflow and outflow record. It is part of the balance of payments, the statement of all transactions made between one country and another is calculated using Current Account Balance = Exports-Imports+Net Income Abroad+Net Current Transfers. To calculate Current Account Balance, you need Exports (X), Imports (I), Net Income Abroad (NY) & Net Current Transfers (NCT). With our tool, you need to enter the respective value for Exports, Imports, Net Income Abroad & Net Current Transfers and hit the calculate button. You can also select the units (if any) for Input(s) and the Output as well.

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