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Country vs country: Japan and United States compared: Economy > Balance of payments > Current account stats

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Definitions

  • Balances > Current account balance > % of GDP: Current account balance is the sum of net exports of goods, services, net income, and net current transfers."
  • Balances > Current account balance > Current US$: Current account balance is the sum of net exports of goods, services, net income, and net current transfers. Data are in current U.S. dollars."
  • Balances > Net trade in goods > US$: Net trade in goods is the difference between exports and imports of goods. The category includes goods previously included in services: goods received or sent for processing and their subsequent export or import in the form of processed goods, repairs on goods, and goods procured in ports by carriers. Trade in services is not included. Data are in current U.S. dollars."
  • Balances > Net trade in goods and services > Current US$: Net trade in goods and services is derived by offsetting imports of goods and services against exports of goods and services. Exports and imports of goods and services comprise all transactions involving a change of ownership of goods and services between residents of one country and the rest of the world. Data are in current U.S. dollars.
  • Goods > Services and income > Communications > Computer > Etc. > % of ser: Communications, computer, information, and other services (% of service exports, BoP) cover international telecommunications and postal and courier services; computer data; news-related service transactions between residents and nonresidents; construction services; royalties and license fees; miscellaneous business, professional, and technical services; personal, cultural, and recreational services; and government services not included elsewhere. Service exports refer to economic output of intangible commodities that may be produced, transferred, and consumed at the same time. International transactions in services are defined by the IMF's Balance of Payments Manual (1993), but definitions may nevertheless vary among reporting economies."
  • Goods > Services and income > Exports > Goods and services > Current U: Exports of goods and services comprise all transactions between residents of a country and the rest of the world involving a change of ownership from residents to nonresidents of general merchandise, goods sent for processing and repairs, nonmonetary gold, and services. Data are in current U.S. dollars."
  • Goods > Services and income > Exports of goods > Services > Income and wo: Exports of goods and services are the total value of goods and services exported as well as income and workers' remittances received. Workers' remittances include compensation of employees. Data are in current U.S. dollars.
  • Goods > Services and income > Exports of goods > Services and income: Exports of goods, services and income is the sum of goods (merchandise) exports, exports of (nonfactor) services and income (factor) receipts. Data are in current U.S. dollars."
  • Goods > Services and income > Goods > Exports > Current US$: Goods exports refer to all movable goods (including nonmonetary gold) involved in a change of ownership from residents to nonresidents. The category includes goods previously included in services: goods received or sent for processing and their subsequent export or import in the form of processed goods, repairs on goods, and goods procured in ports by carriers. Data are in current U.S. dollars."
  • Goods > Services and income > Income receipts > BoP > Current US$: Income receipts refer to employee compensation paid to resident workers working abroad and investment income (receipts on direct investment, portfolio investment, other investments, and receipts on reserve assets). Income derived from the use of intangible assets is excluded from income and recorded under business services. Data are in current U.S. dollars."
  • Goods > Services and income > Royalty and license fees > Receipts > BoP,: Royalty and license fees are payments and receipts between residents and nonresidents for the authorized use of intangible, nonproduced, nonfinancial assets and proprietary rights (such as patents, copyrights, trademarks, industrial processes, and franchises) and for the use, through licensing agreements, of produced originals of prototypes (such as films and manuscripts). Data are in current U.S. dollars."
  • Goods > Services and income > Salary and investment income to foreigner: Income payments refer to employee compensation paid to nonresident workers and investment income (payments on direct investment, portfolio investment, other investments). Income derived from the use of intangible assets is excluded from income and recorded under business services. Data are in current U.S. dollars."
  • Transfers > Current transfers > Receipts > BoP > Current US$: Current transfers (receipts) are recorded in the balance of payments whenever an economy receives goods, services, income, or financial items without a quid pro quo. All transfers not considered to be capital are current. Data are in current U.S. dollars."
  • Transfers > Net current transfers > BoP > Current US$: Net current transfers are recorded in the balance of payments whenever an economy provides or receives goods, services, income, or financial items without a quid pro quo. All transfers not considered to be capital are current. Data are in current U.S. dollars."
  • Transfers > Workers' remittances and compensation of employees > Receiv: Workers' remittances and compensation of employees comprise current transfers by migrant workers and wages and salaries earned by nonresident workers. Data are the sum of three items defined in the fifth edition of the IMF's Balance of Payments Manual: workers' remittances, compensation of employees, and migrants' transfers. Remittances are classified as current private transfers from migrant workers resident in the host country for more than a year, irrespective of their immigration status, to recipients in their country of origin. Migrants' transfers are defined as the net worth of migrants who are expected to remain in the host country for more than one year that is transferred from one country to another at the time of migration. Compensation of employees is the income of migrants who have lived in the host country for less than a year. Data are in current U.S. dollars."
  • Goods > Services and income > Imports > Goods and services > Current : Imports of goods and services comprise all transactions between residents of a country and the rest of the world involving a change of ownership from nonresidents to residents of general merchandise, goods sent for processing and repairs, nonmonetary gold, and services. Data are in current U.S. dollars."
  • Transfers > Workers' remittances > Receipts > BoP > Current US$: Workers' remittances are current transfers by migrants who are employed or intend to remain employed for more than a year in another economy in which they are considered residents. Some developing countries classify workers' remittances as a factor income receipt (and thus as a component of GNI). The World Bank adheres to international guidelines in defining GNI, and its classification of workers' remittances may therefore differ from national practices. This item shows receipts by the reporting country. Data are in current U.S. dollars."
STAT Japan United States HISTORY
Balances > Current account balance > % of GDP 2.81%
Ranked 28th.
-2.68%
Ranked 65th.

Balances > Current account balance > Current US$ $142.19 billion
Ranked 3rd.
$-378,434,537,000.00
Ranked 143th.

Balances > Net trade in goods > US$ $43.63 billion
Ranked 8th.
$-503,578,047,000.00
Ranked 142nd.

Balances > Net trade in goods and services > Current US$ $23.25 billion
Ranked 14th.
$-374,908,537,000.00
Ranked 142nd.

Goods > Services and income > Communications > Computer > Etc. > % of ser 62.91%
Ranked 15th. 28% more than United States
49.17%
Ranked 31st.

Goods > Services and income > Exports > Goods and services > Current U $673.62 billion
Ranked 5th.
$1.57 trillion
Ranked 2nd. 2 times more than Japan

Goods > Services and income > Exports of goods > Services > Income and wo $850.26 billion
Ranked 6th.
$2.16 trillion
Ranked 2nd. 3 times more than Japan

Goods > Services and income > Exports of goods > Services and income $848.83 billion
Ranked 6th.
$2.16 trillion
Ranked 2nd. 3 times more than Japan

Goods > Services and income > Goods > Exports > Current US$ $545.28 billion
Ranked 5th.
$1.07 trillion
Ranked 4th. 97% more than Japan

Goods > Services and income > Income receipts > BoP > Current US$ $175.22 billion
Ranked 6th.
$588.20 billion
Ranked 2nd. 3 times more than Japan

Goods > Services and income > Royalty and license fees > Receipts > BoP, $21.70 billion
Ranked 3rd.
$89.79 billion
Ranked 1st. 4 times more than Japan

Goods > Services and income > Salary and investment income to foreigner 43.88 billion
Ranked 17th.
466.78 billion
Ranked 2nd. 11 times more than Japan

Transfers > Current transfers > Receipts > BoP > Current US$ $9.52 billion
Ranked 18th.
$20.88 billion
Ranked 10th. 2 times more than Japan

Transfers > Net current transfers > BoP > Current US$ $-12,396,852,022.59
Ranked 136th.
$-124,944,100,000.00
Ranked 142nd. 10 times more than Japan

Transfers > Workers' remittances and compensation of employees > Receiv $1.78 billion
Ranked 48th.
$2.95 billion
Ranked 36th. 66% more than Japan

Goods > Services and income > Imports > Goods and services > Current $650.36 billion
Ranked 6th.
$1.95 trillion
Ranked 2nd. 3 times more than Japan

Transfers > Workers' remittances > Receipts > BoP > Current US$ $1.42 billion
Ranked 33th.
0.0
Ranked 82nd.

SOURCES: International Monetary Fund, Balance of Payments Statistics Yearbook and data files, and World Bank and OECD GDP estimates.; International Monetary Fund, Balance of Payments Statistics Yearbook and data files.; x; World Bank staff estimates based on IMF balance of payments data.

Citation

"Economy > Balance of payments > Current account: Japan and United States compared", NationMaster. Retrieved from http://www.nationmaster.com/country-info/compare/Japan/United-States/Economy/Balance-of-payments/Current-account