urrent Account Value Exports of goods 107,941 Exports of services 44,133 Primary income receipts 36,063 Imports of goods 132,484 Import of services 29,443 Primary income payments 29,750 Net unilateral transfers -8,349 Capital account -63 Net acquisition of financial assets 20,972 Net incurrence of liabilities 54,471
| Current Account | Value |
| Exports of goods | 107,941 |
| Exports of services | 44,133 |
| Primary income receipts | 36,063 |
| Imports of goods | 132,484 |
| Import of services | 29,443 |
| Primary income payments | 29,750 |
| Net unilateral transfers | -8,349 |
| Capital account | -63 |
| Net acquisition of financial assets | 20,972 |
| Net incurrence of liabilities | 54,471 |
| Financial derivatives | 0 |
| Statistical discrepancy |
Based on the table above, the statistical discrepancy is
The statistical discrepancy is the amount by which the total of current, capital, and financial accounts is away from zero, with the reversed sign.
For example: If the sum of current, capital, and financial accounts is 200, then the statistical discrepancy will be -200.
----------------------------------
Current account balance = Export of goods and services - Import of goods and services + primary income receipt - primary income payments + Unilateral transfers received - Unilateral transfers received
=> Current account balance = Export of goods and services - Import of goods and services + primary income receipt - primary income payments + Net Unilateral transfers
Note; Net unilateral transfer =Unilateral transfers received - Unilateral transfers received
=> Current account balance = (107,941 + 44133) - (132484 + 29443) + (36,063 - 29750) + (-8349)
=> Current account balance = -11889
------------------------------
Finacial account balance = Net incurrence of liabilities - Net acquisition of financial assets
=> Financial account balance = 54471 - 20972 = 33499
---------------------
Capital account balance is -63 (Given)
-----------------------
Step by step
Solved in 2 steps
