Definitions for "Current Account Balance"
One of the components of a country's balance of payments, the current account balance covers the imports and exports of goods and services. The current account balance helps a country evaluate its competitive strengths and weaknesses and forecast the strength of its currency.
The difference between (a) exports of goods and services as well as inflows of unrequited transfers but exclusive of foreign aid and (b) imports of goods and services as well as all un- requited transfers to the rest of the world.
Amount of money currently on the account