Thus positive outturn in the current account balance
, together with significant inflows into the capital and financial account, driven mainly by the March 2019 Eurobond issue, which resulted in a balance of payments surplus of US$3 billion (4.4% of GDP) for the first quarter of 2019.
The narrowing of the current account balance
is taken as a sign that the economy is overheating.
The BOP and current account balances
reverted to deficits after nine years of straight surpluses in the case of the BOP, and 13 years of surpluses for the current account.
Despite the fall, the current account balance
, at an annualized 0.8 per cent of GDP, was still up significantly compared to the same period last year when it recorded its largest deficit in years of 2.7 per cent of GDP.
Summary: "The current account balance
recorded a deficit of 4,922 million dinars (MD) in the first five months of 2017, i.e.
However, the improvement in the services balance was not enough to compensate for the deterioration in the other components of the current account balance
The current account balance
is expected to register 4.3% in FY 2016/2017, compared to 4.8% in FY 2015/2016.
(TAP) - The deficit of the current account balance
has widened in Q1 2016 (1,758 MTD or 1.9% of GDP against 1,368 MTD or 1.6% of GDP in the same period 2015), and this despite the net decrease in the energy bill, according to the Central Bank of Tunisia.
But just to be clear, the opening of the accounts should not be limited to the current account balance
The effects on the current account balance
will not surface in full, however, until Q1/2016, as the composition agreements were not confirmed until the end of the quarter.
A drop in net FDI investment income has been the primary factor in the recent deterioration in the measured UK current account balance
, with the trade balance relatively stable.
"This would help the region's current account balance
, which posted an aggregate deficit of $28 billion -- around six per cent of the region's GDP -- between 2011 and 2013."
But what is actually the causal relationship between public capital exports and current account balances
? The first thing is to realize the equivalence that exists between the overall capital flows, whether public or private, and the current account balance
The current account balance
in Uzbekistan may reach 2.1% of GDP this year against 1.2% in 2013, 1.8% in 2015, and 0.7% in 2016.
Analysts, however, said Japan's current account balance
is likely to maintain a surplus for the time being, as Prime Minister Shinzo Abe's economic policies, centering on drastic monetary easing by the Bank of Japan, could keep the yen relatively low and the country's income account on an upward trend.