In business economics this refers to a measure of a countries exports and imports.
The current account measures trade in Goods (visible trade), trade in services (invisible trade), investment incomes and Net transfers (international aid). A deficit on the current account typically means that the value of imports is greater than the value of exports.
In business, a current account also refers to a bank account with unlimited access to pay in and withdraw funds.
Current Account is a term normally found in business economics, financial accounting and financial management. Explore our learning zone to discover more