Balance of Payments Formulas- 05/09/17

FORMULAS

1. Balance of Trade:
   Good Exports + Goods Imports
2. Balance of Goods/Services:
   (Goods exports +  Service exports)
   -Goods import +Service import)
   
   
3. Currency Account: 
   Balance of goods and services + Net investments + Net transfers
4. Balance on Capital Account:
   Investments or stocks or bonds
5. Official Reserves:
   Current account
   (+) or (-)
   +Capital account ≠ 0 (theoretically)