Net capital account (BoP, current US$)

Net capital account includes government debt forgiveness, investment grants in cash or in kind by a government entity, and taxes on capital transfers. Also included are migrants' capital transfers and debt forgiveness and investment grants by nongovernmen tal entities. Data are in current U.S. dollars.

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. dol lars. For more information, see Tables: WDI 4.16.

Net current transfers from abroad (constant LCU)

Current transfers comprise transfers of income between residents of the reporting country and the rest of the world that carry no provisions for repayment. Net current transfers from abroad is equal to the unrequited transfers of income from nonresidents to residents minus the unrequited transfers from residents to nonresidents. Data are in constant local currency.

Net current transfers from abroad (current LCU)

Current transfers comprise transfers of income between residents of the reporting country and the rest of the world that carry no provisions for repayment. Net current transfers from abroad is equal to the unrequited transfers of income from nonresidents to residents minus the unrequited transfers from residents to nonresidents. Data are in current local currency.

Net current transfers from abroad (current US$)

Current transfers comprise transfers of income between residents of the reporting country and the rest of the world that carry no provisions for repayment. Net current transfers from abroad is equal to the unrequited transfers of income from nonresidents to residents minus the unrequited transfers from residents to nonresidents. Data are in current U.S. dollars.

Net domestic credit (current LCU)

Net domestic credit is the sum of net credit to the nonfinancial public sector, credit to the private sector, and other accounts. Data are in current local currency.

Net errors and omissions, adjusted (BoP, current US$)

Net errors and omissions constitute a residual category needed to ensure that all debit and credit entries in the balance of payments statement sum to zero. In the International Financial Statistics presentation, this is equal to the difference between re serves and related items and the sum of the balances of the current, capital, and financial accounts. Data are in current U.S. dollars. For more information, see Tables: WDI 4.16.

Net financial flows, IBRD (current US$)

Net financial flows are disbursements of loans and credits less repayments of principal. IBRD is the International Bank for Reconstruction and Development, the founding and largest member of the World Bank Group. Data are in current U.S. dollars. For more information, see Tables: WDI 6.13.

Net financial flows, IDA (current US$)

Net financial flows are disbursements of loans and credits less repayments of principal. IDA is the International Development Association, the soft loan window of the World Bank Group. Data are in current U.S. dollars. For more information, see Tables: WD I 6.13.

Net financial flows, IMF concessional (current US$)

Net financial flows are disbursements of loans and credits less repayments of principal. IMF is the International Monetary Fund. Concessional assistance is provided through the Enhanced Structural Adjustment Facility. Data are in current U.S. dollars. For more information, see Tables: WDI 6.13.

Net financial flows, IMF nonconcessional (current US$)

Net financial flows are disbursements of loans and credits less repayments of principal. IMF is the International Monetary Fund. Nonconcessional lending is the credit provided by the IMF to its members, principally to meet their balance of payments needs. Data are in current U.S. dollars. For more information, see Tables: WDI 6.13.

Net financial flows, others (current US$)

Net financial flows are disbursements of loans and credits less repayments of principal. Others is a residual category in the World Bank's Debtor Reporting System. It includes such institutions as the Caribbean Development Bank, European Investment Bank, and European Development Fund. Data are in current U.S. dollars. For more information, see Tables: WDI 6.13.

Net financial flows, RDB concessional (current US$)

Net financial flows are disbursements of loans and credits less repayments of principal. Concessional financial flows cover disbursements made through concessional lending facilities. Regional development banks include the African Development Bank (AfDB), based in Abidjan, Côte d'Ivoire, which lends to all of Africa, including North Africa; the Asian Development Bank (ADB), based in Manila, Philippines, which serves countries in South Asia and East Asia and the Pacific; and the Inter-American Development Bank (IDB), based in Washington, D.C., which is the principal development bank of the Americas Data are in current U.S. dollars. For more information, see Tables: WDI 6.13.

Net financial flows, RDB nonconcessional (current US$)

Net financial flows are disbursements of loans and credits less repayments of principal. Nonconcessional financial flows cover all other disbursements. Regional development banks include the African Development Bank (AfDB), based in Abidjan, Côte d'Ivoire , which lends to all of Africa, including North Africa; the Asian Development Bank (ADB), based in Manila, Philippines, which serves countries in South Asia and East Asia and the Pacific; and the Inter-American Development Bank (IDB), based in Washington, D.C., which is the principal development bank of the Americas Data are in current U.S. dollars. For more information, see Tables: WDI 6.13.

Net foreign assets (current LCU)

Net foreign assets are the sum of foreign assets held by monetary authorities and deposit money banks, less their foreign liabilities. Data are in current local currency.

Net income (BoP, current US$)

Net income refers to employee compensation paid to nonresident workers and investment income (receipts and payments on direct investment, portfolio investment, other investments, and receipts on reserve assets). Income derived from the use of intangible a ssets is excluded from income and recorded under business services. Data are in current U.S. dollars. For more information, see Tables: WDI 4.16.

Net income from abroad (constant 1987 LCU)

Net income includes the net labor income and net property and entrepreneurial income components of the SNA. Labor income covers compensation of employees paid to nonresident workers. Property and entrepreneurial income covers investment income from the ow nership of foreign financial claims (interest, dividends, rent, etc.) and nonfinancial property income (patents, copyrights, etc.). Data are in constant 1987 local currency.

Net income from abroad (constant 1987 US$)

Net income includes the net labor income and net property and entrepreneurial income components of the SNA. Labor income covers compensation of employees paid to nonresident workers. Property and entrepreneurial income covers investment income from the ow nership of foreign financial claims (interest, dividends, rent, etc.) and nonfinancial property income (patents, copyrights, etc.). Data are in constant 1987 U.S. dollars.

Net income from abroad (constant LCU)

Net income includes the net labor income and net property and entrepreneurial income components of the SNA. Labor income covers compensation of employees paid to nonresident workers. Property and entrepreneurial income covers investment income from the ow nership of foreign financial claims (interest, dividends, rent, etc.) and nonfinancial property income (patents, copyrights, etc.). Data are in constant local currency.

Net income from abroad (current LCU)

Net income includes the net labor income and net property and entrepreneurial income components of the SNA. Labor income covers compensation of employees paid to nonresident workers. Property and entrepreneurial income covers investment income from the ow nership of foreign financial claims (interest, dividends, rent, etc.) and nonfinancial property income (patents, copyrights, etc.). Data are in current local currency.

Net income from abroad (current US$)

Net income includes the net labor income and net property and entrepreneurial income components of the SNA. Labor income covers compensation of employees paid to nonresident workers. Property and entrepreneurial income covers investment income from the ow nership of foreign financial claims (interest, dividends, rent, etc.) and nonfinancial property income (patents, copyrights, etc.). Data are in current U.S. dollars.

Net indirect taxes (constant 1987 LCU)

Net indirect taxes are the sum of indirect taxes less subsidies. Indirect taxes are those taxes payable by producers that relate to the production, sale, purchase or use of the goods and services. Subsidies are grants on the current account made by genera l government to private enterprises and unincorporated public enterprises. The grants may take the form of payments to ensure a guaranteed price or to enable maintenance of prices of goods and services below costs of production, and other forms of assista nce to producers. Data are in constant 1987 local currency.

Net indirect taxes (constant 1987 US$)

Net indirect taxes are the sum of indirect taxes less subsidies. Indirect taxes are those taxes payable by producers that relate to the production, sale, purchase or use of the goods and services. Subsidies are grants on the current account made by genera l government to private enterprises and unincorporated public enterprises. The grants may take the form of payments to ensure a guaranteed price or to enable maintenance of prices of goods and services below costs of production, and other forms of assista nce to producers. Data are in constant 1987 U.S. dollars.

Net indirect taxes (constant LCU)

Net indirect taxes are the sum of indirect taxes less subsidies. Indirect taxes are those taxes payable by producers that relate to the production, sale, purchase or use of the goods and services. Subsidies are grants on the current account made by genera l government to private enterprises and unincorporated public enterprises. The grants may take the form of payments to ensure a guaranteed price or to enable maintenance of prices of goods and services below costs of production, and other forms of assista nce to producers. Data are in constant local currency.

Net indirect taxes (current LCU)

Net indirect taxes are the sum of indirect taxes less subsidies. Indirect taxes are those taxes payable by producers that relate to the production, sale, purchase or use of the goods and services. Subsidies are grants on the current account made by genera l government to private enterprises and unincorporated public enterprises. The grants may take the form of payments to ensure a guaranteed price or to enable maintenance of prices of goods and services below costs of production, and other forms of assista nce to producers. Data are in current local currency.

Net indirect taxes (current US$)

Net indirect taxes are the sum of indirect taxes less subsidies. Indirect taxes are those taxes payable by producers that relate to the production, sale, purchase or use of the goods and services. Subsidies are grants on the current account made by genera l government to private enterprises and unincorporated public enterprises. The grants may take the form of payments to ensure a guaranteed price or to enable maintenance of prices of goods and services below costs of production, and other forms of assista nce to producers. Data are in current U.S. dollars.

Net trade in goods (BoP, current US$)

The category of merchandise has been replaced by a broader category of goods. The new 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, repa irs on goods, and goods procured in ports by carriers. Net trade in goods is the difference between exports and imports of goods. Trade in services is not included. Data are in current U.S. dollars.

Net trade in goods and services (BoP, 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. For more information, see Tables: WDI 4.16.

Nontax revenue (% of current revenue)

Nontax revenue includes requited nonrepayable receipts for public purposes, such as fines, administrative fees, or entrepreneurial income from government ownership of property and voluntary, unrequited nonrepayable receipts other than from governmental so urces. Proceeds of grants and borrowing, funds arising from the repayment of previous lending by governments, incurrence of liabilities, and proceeds from the sale of capital assets are not included. Data are shown for central government only. For more in formation, see Tables: WDI 4.14.

Grace York, Documents Center
Documents Center
For comments and suggestions, contact graceyor@umich.edu

http://www.lib.umich.edu/govdocs/wdi/wdivar/wdivar14.html

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