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European Union

European Union Current account Stats

Definitions

  • Balances > Current account balance > Current US$: Current account balance is the sum of net exports of goods, services, net income, and net current transfers. Data are in current U.S. dollars."
  • Goods > Services and income > Communications > Computer > Etc. > % of ser: Communications, computer, information, and other services (% of service exports, BoP) cover international telecommunications and postal and courier services; computer data; news-related service transactions between residents and nonresidents; construction services; royalties and license fees; miscellaneous business, professional, and technical services; personal, cultural, and recreational services; and government services not included elsewhere. Service exports refer to economic output of intangible commodities that may be produced, transferred, and consumed at the same time. International transactions in services are defined by the IMF's Balance of Payments Manual (1993), but definitions may nevertheless vary among reporting economies."
  • Goods > Services and income > Exports > Goods and services > Current U: Exports of goods and services comprise all transactions between residents of a country and the rest of the world involving a change of ownership from residents to nonresidents of general merchandise, goods sent for processing and repairs, nonmonetary gold, and services. Data are in current U.S. dollars."
  • Goods > Services and income > Exports of goods > Services > Income and wo: Exports of goods and services are the total value of goods and services exported as well as income and workers' remittances received. Workers' remittances include compensation of employees. Data are in current U.S. dollars.
  • Goods > Services and income > Exports of goods > Services and income: Exports of goods, services and income is the sum of goods (merchandise) exports, exports of (nonfactor) services and income (factor) receipts. Data are in current U.S. dollars."
  • Goods > Services and income > Goods > Exports > Current US$: 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 > 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."
  • Goods > Services and income > Income receipts > BoP > Current US$: Income receipts refer to employee compensation paid to resident workers working abroad and investment income (receipts on direct investment, portfolio investment, other investments, and receipts on reserve assets). Income derived from the use of intangible assets is excluded from income and recorded under business services. Data are in current U.S. dollars."
  • Goods > Services and income > Royalty and license fees > Receipts > BoP,: Royalty and license fees are payments and receipts between residents and nonresidents for the authorized use of intangible, nonproduced, nonfinancial assets and proprietary rights (such as patents, copyrights, trademarks, industrial processes, and franchises) and for the use, through licensing agreements, of produced originals of prototypes (such as films and manuscripts). Data are in current U.S. dollars."
  • Goods > Services and income > Salary and investment income to foreigner: Income payments refer to employee compensation paid to nonresident workers and investment income (payments on direct investment, portfolio investment, other investments). Income derived from the use of intangible assets is excluded from income and recorded under business services. Data are in current U.S. dollars."
  • Transfers > Workers' remittances > Receipts > BoP > Current US$: 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."
  • 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."
STAT AMOUNT DATE RANK HISTORY
Balances > Current account balance > Current US$ $-44,512,830,051.92 2009 139th out of 143
Goods > Services and income > Communications > Computer > Etc. > % of ser 46.62% 2009 35th out of 141
Goods > Services and income > Exports > Goods and services > Current U $5.89 trillion 2009 1st out of 143
Goods > Services and income > Exports of goods > Services > Income and wo $7.18 trillion 2009 1st out of 143
Goods > Services and income > Exports of goods > Services and income $7.16 trillion 2009 1st out of 143
Goods > Services and income > Goods > Exports > Current US$ $4.40 trillion 2009 1st out of 143
Goods > Services and income > Imports > Goods and services > Current $5.73 trillion 2009 1st out of 143
Goods > Services and income > Income receipts > BoP > Current US$ $1.38 trillion 2009 1st out of 143
Goods > Services and income > Royalty and license fees > Receipts > BoP, $56.09 billion 2009 2nd out of 123
Goods > Services and income > Salary and investment income to foreigner 1.44 trillion 2009 1st out of 143
Transfers > Workers' remittances > Receipts > BoP > Current US$ $24.18 billion 2009 2nd out of 119
Transfers > Workers' remittances and compensation of employees > Receiv $96.46 billion 2009 1st out of 158

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

Citation

European Union Economy > Balance of payments > Current account Profiles (Subcategories)

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