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3. Current account, main component, credit - annual data, % of GDP

Current account, main component, credit - annual data, % of GDP

The Current account provides information about the transactions of a country with the rest of the world. It covers all transactions (other than those in financial items) in goods, services, primary income, and secondary income which occur between resident and non-resident units. The data are expressed as % of GDP. The financial flows are marked as a credit, a debit or a net balance. The current account together with the capital and the financial accounts forms the Balance of Payments (BoP). The indicator is based on the BoP data reported to Eurostat by the EU Member States. Definitions are based on the IMF's Sixth Balance of Payments Manual (BPM6).