Column

BALANCE OF PAYMENTS ACCOUNTS, $ BILLIONS
Account Year Value
Balance on current a/c 2024 -1185
Balance on goods and services 2024 -904
Balance on goods 2024 -1215
Balance on services 2024 312
Balance on primary income (1) 2024 -41
Balance on secondary income (2) 2024 -241
Balance on capital a/c (3) 2024 4
Net borrowing (-) from current a/c and capital a/c transactions (4) 2024 -1182
Net borrowing (-) from financial a/c transactions (5) 2024 -1129
FDI inflow 2024 151
Statistical Discrepancy 2024 53

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