Column

BALANCE OF PAYMENTS ACCOUNTS, $ BILLIONS
Account Year Value
Balance on current a/c 2023 -905
Balance on goods and services 2023 -785
Balance on goods 2023 -1063
Balance on services 2023 278
Balance on primary income (1) 2023 67
Balance on secondary income (2) 2023 -188
Balance on capital a/c (3) 2023 -6
Net borrowing (-) from current a/c and capital a/c transactions (4) 2023 -912
Net borrowing (-) from financial a/c transactions (5) 2023 -924
FDI inflow 2023 149
Statistical Discrepancy 2023 -12

Notes:
1. Primary income includes investment income (dividends, interest)
2. Secondary income includes private and government transfers (labor remittances, foreign aid)
3. The “capital account” shown here is very different from KA (the standard capital account) and happens to be relatively insignificant
4. Net borrowing can be thought of as KA (negative number indicates capital inflow and KA surplus)
5. The difference between the two Net borrowings is SD

Column

Current a/c

CA and KA

CA percent of GDP

Openness

Trade balance

Trade in goods

FDI

Notes

NOTES

Data on international transactions is from BEA/International Data https://www.bea.gov/itable/international-transactions-services-and-investment-position
Data on Direct Investment & Multinational Enterprises (MNEs) from https://www.bea.gov/itable/direct-investment-multinational-enterprises


flex-BEA-intl-accounts.Rmd