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Balance of payments

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Question 3

The table shows components of the balance of payments for a country in 2023.

Component£bn
Exports of goods140
Imports of goods165
Exports of services95
Imports of services75
Net primary income-12
Net secondary income-7
Capital transfers8
Net financial flows18

What was the current account balance in 2023?

−£5 bn-£5\text{ bn}−£5 bn

−£16 bn-£16\text{ bn}−£16 bn

−£24 bn-£24\text{ bn}−£24 bn

+£14 bn+£14\text{ bn}+£14 bn

Balance of payments Questions

  1. A Level
  2. /Economics
  3. /Balance of payments