GLOBE International Finance Theory & Policy
by Steven M. Suranovic Chapter 5
National Income and the Balance of Payments Accounts




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Table of Contents

5-1 The National Income and Product Accounts
5-2 The National Income or Product Identity
5-3 The Role of Imports in the National Income Identity
5-4 The US National Income Statistics - 2002
5-5 The Balance of Payments Accounts: Definitions
5-6 Recording Transactions on the Balance of Payments
5-7 US Balance of Payments Statistics - 2002
5-8 US Balances on the Balance of Payments - 2002
5-9 The Twin-Deficit Identity
5-10 The International Investment Position

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Related Links
  • US International Accounts Data
    the most recent US data from the US balance of payments accounts including the US international investment position available here from the US Bureau of Economic Analysis.
  • Changes in BoP Definitions
    In June 1999, the BEA redefined the capital account as the financial account and created a new definition for the capital account. This page explains the changes.
  • External National Debt Comparisons
    this page shows 1999 external debt comparisons.

©1998-2005 Steven M. Suranovic, ALL RIGHTS RESERVED
Last Updated on 5/10/05
Suranovic, Steven, "International Finance Theory and Policy: National Income and the Balance of Payments Accounts," The International Economics Study Center, © 1997-2005,