current account

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current account

Economics that part of the balance of payments composed of the balance of trade and the invisible balance
Collins Discovery Encyclopedia, 1st edition © HarperCollins Publishers 2005
The following article is from The Great Soviet Encyclopedia (1979). It might be outdated or ideologically biased.

Current Account


a type of deposit operation in banks and savings banks. Deposits in current accounts are not time deposits; that is, the account holder can make deposits and withdrawals at any time. In the capitalist countries, current accounts for the most part hold the temporarily free capital and cash reserves of the capitalists. In the USSR, current accounts in banks may be opened by noneconomic institutions and enterprises, kolkhozes, and public organizations; current accounts in savings banks may also be opened by individuals.

The Great Soviet Encyclopedia, 3rd Edition (1970-1979). © 2010 The Gale Group, Inc. All rights reserved.
References in periodicals archive ?
As exports have risen on the back of free zone growth and oil exports, the current account surplus reached 14.7% of GDP in 2005 and was projected to be 17.4% in 2006 and 16.7% in 2007.
The current account surplus has been on an upward trend since early this year, mainly due to an increase in exports to Asian economies.
A current account surplus, falling inflation and falling interest rates.
Trade statistics released in Japan showed that Japan's November current account surplus had fallen 17.1 percent year over year and confirmed that Japan's 1995 current account surplus was the lowest in four years.
A slowdown in tourism growth narrowed the current account surplus to 3.7% of GDP (2016: 7.7%), which Fitch forecasts to fall further to 2.2% and 1.1% of GDP in 2018-2019, additionally dampened by a widening trade deficit due to robust domestic demand and rising oil prices.
The current account surplus of Azerbaijan's balance of payments in 2017 amounted to $1.7 billion, according to the balance of payments of the Central Bank of Azerbaijan (CBA), published on March 31.
Our base case scenario is for the current account surplus to remain largely in place, though at a much reduced 1.1 percent of GDP in 2017, compared with 3.8 percent in 2014.
Korea's current account surplus with China sank nearly 20 percent last year due mainly to a slowdown in the world's second-largest economy, central bank data showed Friday.
The current account surplus is higher compared to $3.9 billion the same time in 2014.
Germany's current account surplus is partly due to the favourable economic situation in key trading partner countries like the USA and Great Britain.
The current account surplus of the oil and gas sector in Azerbaijan amounted to $22.1 billion, according to the same source.