The current account balance is the difference between a country's savings and its investment. "[If the current account balance is] positive, it measures the portion of a country's saving invested abroad; if negative, the portion of domestic investment financed by foreigners' savings."
The current account balance is defined by the sum
of the value of imports of goods and services plus net returns on investments
abroad, minus the value of exports of goods and services, where all these
elements are measured in the domestic currency.
The balance of trade forms part of the current
account, which includes other transactions such as income from the international investment position
as well as international aid. If the current account is in surplus, the
country's net international asset position increases correspondingly.
Recent current account balances of Bangladesh:
Bangladesh
recorded a Current Account deficit of 178 USD Million in the first quarter of
2014. Current Account in Bangladesh averaged 492.33 USD Million from 2005 until
2014, reaching an all time high of 1526 USD Million in the first quarter of
2012 and a record low of -1638 USD Million in the fourth quarter of 2011.
Current Account in Bangladesh is reported by the Bangladesh Bank.
Bangladesh’s account balance recorded a surplus of nearly $1.5 billion in
July-November period of the fiscal year 2013-14 ending June, a central bank
official said Thursday.
The Bangladesh Bank official said the current account balance showed a
surplus of $1,384 million during the first five months in 2013-14 fiscal year
against a surplus of $433 million during the corresponding period of the
previous fiscal year (July 2012-June 2013), reported Xinhua.
He said the central bank’s current account
balance and overall balance of payments have maintained positive trend as
growth in export earnings and inflow of remittances bolstered.
Bangladeshis living and working abroad
remitted home more than $5.56 billion during the first five months of the
fiscal year 2013-14, the bank data showed.
On the other hand, it showed that the
country exported $11.815 billion worth of goods in the July-November period in
2013-14.