current account balance

Definition

The difference between a country's exports and imports. A positive current account balance indicates that a country is exporting a higher value of goods, services and assets than it imports.

Use this term in a sentence

If you want to know where all of your money stands you should be kept up to date with your current account balance.

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With a positive current account balance, mostly anchored by an exceptionally high level of exports, the country's economy was flourishing.

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When New Zealand looked at its current account balance, it realized that it was exporting a great deal more to the U.S. than it was receiving in imports from the U.S.

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monthly statement current account