Australia's Current Account Use the following data from the International Monetary Fund to answer questions 3.1 through 3.4. 3.1 3." 3.3 3.4
What is Australia's balane balane on goods! What is Australia's Australia's balane on ser#ies! ser#ies! What is Australia's Australia's balane on goods and ser#ies! What is Australia's Australia's urrent aount balane! balane! 2000
2001
2002
2003
2004
2005
2006
2007
200
200!
2010
2011
2012
2013
$oods% e&orts $oods% imorts (alane on goods
Assum ptions (millions of US dollars)
64"052 #6"65 #4"13
63"676 #61"!0 1"76
65"0!! #70"530 #5"431
70"577 #5"!46 #15"36!
7"207 #105"23 #1"031
107"011 #120"33 #13"372
124"!13 #134"50! #!"5!6
142"421 #160"205 #17"74
1!"057 #1!3"!72 #4"!15
154"777 #15!"216 #4"43!
213"72 #1!6"303 17"47!
271"71! #24!"23 22"41
257"!50 #270"136 #12"16
254"164 #24!"774 4"3!0
)er#ies% redit )er#ies% debit (alane on ser#ies
1"677 #1"3 2!
16"6! #16"!4 #25!
17"!06 #1"107 #201
21"205 #21"63 #433
26"362 #27"040 #67
31"047 #30"505 542
33"0 #32"21! 6!
40"4!6 #3!"!0 5
45"240 #4"33 #3"0!
40"14 #42"165 #1"351
46"!6 #51"313 #4"345
51"653 #61"!7 #10"244
53"034 #65"405 #12"371
53"344 #67"3!! #14"055
Inome% redit Inome% debit (alane on inome
"!4 #1!"516 #10"532
"063 #1"332 #10"26!
"1!4 #1!"4 #11"6!0
!"457 #24"245 #14"7
13"!6! #35"057 #21"0
16"445 #44"166 #27"722
21"74 #54"131 #32"33
32"655 #73"202 #40"547
37"320 #76"71! #3!"3!!
27"402 #65"0! #3"407
35"711 #4"646 #4"!35
47"52 #102"400 #54"54
47"16 #"255 #41"07
45"!10 #3"61 #37"70
2"622 #2"66! #47
2"242 #2"221 21
2"310 #2"373 #63
2"767 #2"51 #4
3"145 #3"414 #26!
3"333 #3"13 #40
3"6! #4"0!2 #3!4
4"402 #4"6!0 #2
4"431 #4"05 #374
4"!!7 #5"7!! #02
5"13 #7"1! #1"376
7"510 #!"723 #2"213
7"271 !"635 16"!06
7"206 !"3!0 16"5!6
2000
2001
2002
2003
2004
2005
2006
2007
200
200!
2010
2011
2012
2013
#4"13
1"76
#5"431
#15"36!
#1"031
#13"372
#!"5!6
#17"74
#4"!15
#4"43!
17"47!
22"41
#12"16
4"3!0
2!
#25!
#201
#433
#67
542
6!
5
#3"0!
#1"351
#4"345
#10"244
#12"371
#14"055
3.3 What is Australia's Australia's balane on goods and ser#ie +balane on goods balane on ser#ies-
#4"524
1"527
#5"632
#15"02
#1"70!
#12"30
#"727
#17"1!6
#"013
#5"7!0
13"134
12"237
#24"557
#!"665
3.4 What is Australia's Australia's urrent aount balane! balane! +the sum of the four balanes listed abo#e/ goods/ ser#ies/ inome/ and urrent transfers-
#15"103
#"721
#17"35
#30"674
#40"066
#41"032
#41"504
#5"031
#47"76
#44"!!!
#37"177
#44"524
#4"73
#30"777
*urrent transfers% redit *urrent transfers% debit (alane on urrent transfers $uestions
3.1 What is Australia's balane balane on goods! +goods e&orts , goods imorts3." What is Australia's Australia's balane on ser#ies! ser#ies! +ser#ies redit , ser#ies debit-
%ndia's Current Account Use the following India balane of ayments data from the IMF +all items are for the urrent aount- to answer questions 3.0 through 3.. 3.0 3.2 3. 3. 3.
What is India's balane on goods! What is India's balane on ser#ies! What is India's balane on goods and ser#ies! What is the balane on goods/ ser#ies and inome! What is India's urrent aount balane!
Assumptions (millions of US dollars)
2000
2001
2002
2003
2004
2005
2006
2007
200
200!
2010
2011
2012
2013
$oods% e&orts $oods% imorts (alane on goods
43"247 #53"7 #10"640
44"7!3 #51"212 #6"41!
51"141 #54"702 #3"561
60"!3 #6"01 #7"1
77"!3! #!5"53! #17"600
102"175 #134"6!2 #32"517
123"76 #166"572 #42"6!6
153"530 #20"611 #55"01
1!!"065 #2!1"740 #!2"675
167"!5 #247"!0 #7!"!50
230"!67 #324"320 #!3"353
307"47 #42"021 #120"174
2!"321 #450"24! #151"!2
31!"110 #433"760 #114"650
)er#ies% redit )er#ies% debit (alane on ser#ies
16"64 #1!"17 #2"503
17"337 #20"0!! #2"762
1!"47 #21"03! #1"561
23"!02 #24"7 #!76
3"21 #35"641 2"640
52"527 #47"27 5"241
6!"440 #5"514 10"!26
6"552 #70"175 16"377
106"054 #7"73! 1"315
!2"! #0"34! 12"540
117"06 #114"73! 2"32!
13"52 #125"041 13"47
145"525 #12!"65! 15"66
14"64! #126"256 22"3!3
Inome% redit Inome% debit (alane on inome
2"521 #7"414 #4"!3
3"524 #7"666 #4"142
3"1 #7"0!7 #3"!0!
3"4!1 #"36 #4"!5
4"6!0 #"742 #4"052
5"646 #12"2!6 #6"650
"1!! #14"445 #6"245
12"650 #1!"166 #6"516
15"5!3 #20"!5 #5"365
13"733 #21"272 #7"53!
!"!61 #25"563 #15"602
10"147 #26"1!1 #16"044
!"!! #30"742 #20"43
11"230 #33"013 #21"73
*urrent transfers% redit *urrent transfers% debit (alane on urrent transfers
13"54 #114 13"434
15"140 #407 14"733
16"7! #6! 16"0!1
22"401 #570 21"31
20"615 #22 1!"7!3
24"512 #6! 23"643
30"015 #1"2!! 2"716
3"5 #1"742 37"143
52"065 #3"313 4"752
50"526 #1"764 4"762
54"30 #2"270 52"110
62"735 #2"523 60"212
6"611 #3"176 65"435
6!"441 #4"626 64"15
2000
2001
2002
2003
2004
2005
2006
2007
200
200!
2010
2011
2012
2013
$uestions
3.0 What is India's balane on goods!
#10"640
#6"41!
#3"561
#7"1
#17"600
#32"517
#42"6!6
#55"01
#!2"675
#7!"!50
#!3"353
#120"174
#151"!2
#114"650
#2"503
#2"762
#1"561
#!76
2"640
5"241
10"!26
16"377
1"315
12"540
2"32!
13"47
15"66
22"3!3
3. What is India's balane on goods and ser#ies!
#13"143
#!"11
#5"122
#"164
#14"!60
#27"276
#31"770
#3"704
#74"360
#67"410
#!1"024
#106"67
#136"062
#!2"257
3. What is the balane on goods/ ser#ies and inome!
#1"036
#13"323
#!"031
#13"05!
#1!"012
#33"!26
#3"015
#45"220
#7!"725
#74"!4!
#106"626
#122"731
#156"!05
#114"040
3.2 What is India's balane on ser#ies!
%ndia's Current Account Use the following India balane of ayments data from the IMF +all items are for the urrent aount- to answer questions 3.0 through 3.. 3.0 3.2 3. 3. 3.
What is India's balane on goods! What is India's balane on ser#ies! What is India's balane on goods and ser#ies! What is the balane on goods/ ser#ies and inome! What is India's urrent aount balane!
Assumptions (millions of US dollars)
2000
2001
2002
2003
2004
2005
2006
2007
200
200!
2010
2011
2012
2013
$oods% e&orts $oods% imorts (alane on goods
43"247 #53"7 #10"640
44"7!3 #51"212 #6"41!
51"141 #54"702 #3"561
60"!3 #6"01 #7"1
77"!3! #!5"53! #17"600
102"175 #134"6!2 #32"517
123"76 #166"572 #42"6!6
153"530 #20"611 #55"01
1!!"065 #2!1"740 #!2"675
167"!5 #247"!0 #7!"!50
230"!67 #324"320 #!3"353
307"47 #42"021 #120"174
2!"321 #450"24! #151"!2
31!"110 #433"760 #114"650
)er#ies% redit )er#ies% debit (alane on ser#ies
16"64 #1!"17 #2"503
17"337 #20"0!! #2"762
1!"47 #21"03! #1"561
23"!02 #24"7 #!76
3"21 #35"641 2"640
52"527 #47"27 5"241
6!"440 #5"514 10"!26
6"552 #70"175 16"377
106"054 #7"73! 1"315
!2"! #0"34! 12"540
117"06 #114"73! 2"32!
13"52 #125"041 13"47
145"525 #12!"65! 15"66
14"64! #126"256 22"3!3
Inome% redit Inome% debit (alane on inome
2"521 #7"414 #4"!3
3"524 #7"666 #4"142
3"1 #7"0!7 #3"!0!
3"4!1 #"36 #4"!5
4"6!0 #"742 #4"052
5"646 #12"2!6 #6"650
"1!! #14"445 #6"245
12"650 #1!"166 #6"516
15"5!3 #20"!5 #5"365
13"733 #21"272 #7"53!
!"!61 #25"563 #15"602
10"147 #26"1!1 #16"044
!"!! #30"742 #20"43
11"230 #33"013 #21"73
*urrent transfers% redit *urrent transfers% debit (alane on urrent transfers
13"54 #114 13"434
15"140 #407 14"733
16"7! #6! 16"0!1
22"401 #570 21"31
20"615 #22 1!"7!3
24"512 #6! 23"643
30"015 #1"2!! 2"716
3"5 #1"742 37"143
52"065 #3"313 4"752
50"526 #1"764 4"762
54"30 #2"270 52"110
62"735 #2"523 60"212
6"611 #3"176 65"435
6!"441 #4"626 64"15
2000
2001
2002
2003
2004
2005
2006
2007
200
200!
2010
2011
2012
2013
$uestions
3.0 What is India's balane on goods!
#10"640
#6"41!
#3"561
#7"1
#17"600
#32"517
#42"6!6
#55"01
#!2"675
#7!"!50
#!3"353
#120"174
#151"!2
#114"650
#2"503
#2"762
#1"561
#!76
2"640
5"241
10"!26
16"377
1"315
12"540
2"32!
13"47
15"66
22"3!3
3. What is India's balane on goods and ser#ies!
#13"143
#!"11
#5"122
#"164
#14"!60
#27"276
#31"770
#3"704
#74"360
#67"410
#!1"024
#106"67
#136"062
#!2"257
3. What is the balane on goods/ ser#ies and inome!
#1"036
#13"323
#!"031
#13"05!
#1!"012
#33"!26
#3"015
#45"220
#7!"725
#74"!4!
#106"626
#122"731
#156"!05
#114"040
#4"601
1"410
7"060
"772
70
#10"23
#!"2!!
#"077
#30"!73
#26"17
#54"516
#62"51!
#!1"470
#4!"225
3.2 What is India's balane on ser#ies!
3. What is India's urrent aount balane!
C&ina's (ainland) alance of a*ments Use the following *hinese +Mainland- balane of ayments data from the IMF to answer questions 3.15 through 3.13. 3.15 3.11 3.1" 3.13 3.14
Is *hina e&eriening a net aital inflow or outflow! What is *hina's 6otal for $rous A and (! What is *hina's 6otal for $rous A through *! What is *hina's 6otal for $rous A through 7! 7oes *hina's (89 balane!
Assumptions (millions of US dollars)
2000
2001
2002
2003
2004
2005
2006
2007
200
200!
2010
2011
2012
2013
20"51 #35 1"!5 #11"74 #10"6!3
17"401 #54 34"32 #4"732 #47"447
35"422 #50 32"341 7"504 #75"217
45"75 #4 52"774 17"!5 #116"56
6"65! #6! 110"72! 10"531 #1!"4!
134"02 4"102 !6"!44 15"47 #250"!75
231"44 4"020 45"25 3"502 #24"651
353"13 3"0!! !1"132 13"237 #460"651
420"56! 3"051 37"075 1"5! #47!"554
243"257 3"!3 1!4"4!4 #41"11 #400"50
237"10 4"630 22"234 #53"016 #471"65
136"0!7 5"446 260"024 #13"76 #37"7!!
215"3!2 4"272 #36"03 #7"071 #!6"555
12"07 3"052 323"151 #77"62 #431"32
2000
2001
2002
2003
2004
2005
2006
2007
200
200!
2010
2011
2012
2013
1"!23 +inflo,+
34"77 +inflo,+
32"2!1 +inflo,+
52"726 +inflo,+
110"660 +inflo,+
101"046 +inflo,+
4!"305 +inflo,+
!4"231 +inflo,+
40"126 +inflo,+
1!"432 +inflo,+
26"64 +inflo,+
265"470 +inflo,+
#31"766 +inflo,+
326"203 +inflo,+
3.11 What is *hina's 6otal for $rous A and (!
20"43
17"347
35"372
45"27
6"5!0
13"14
235"64
356"22
423"620
247"1!5
242"440
141"543
21!"664
15"5!
3.1" What is *hina's 6otal for $rous A through *!
22"441
52"17!
67"713
!"601
17!"31!
235"12
21"14!
447"414
460"6!5
441"6!
524"674
401"567
13"626
50!"010
3.13 What is *hina's 6otal for $rous A through 7!
10"6!3
47"447
75"217
116"56
1!"4!
250"!75
24"651
460"651
47!"554
400"50
471"65
37"7!!
!6"555
431"32
0 -es
0 -es
0 -es
0 -es
0 -es
0 -es
0 -es
0 -es
0 -es
0 -es
0 -es
0 -es
0 -es
0 -es
A. (. *. 7. ;.
*urrent aount balane *aital aount balane Finanial aount balane :et errors and omissions
$uestions
3.15 Is *hina e&eriening a net aital inflow or outflow!
3.14 7oes *hina's (89 balane!
.ussia's alance of a*ments Use the following
Is
Assumptions (millions of US dollars)
A. *urrent aount balane (. *aital aount balane *. Finanial aount balane 7. :et errors and omissions ;.
ti
2000
2001
2002
2003
46"3! 10"676 #34"2!5 #!"2!7 #13"!23
33"!35 #!"37 #3"732 #!"55 #11"266
2!"116 #12"3!6 !21 #6"07 #11"563
35"410 #!!3 3"024 #!"17! #2"262
2000
2001
2002
2003
.ussia's alance of a*ments Use the following
Is
Assumptions (millions of US dollars)
2000
2001
2002
2003
46"3! 10"676 #34"2!5 #!"2!7 #13"!23
33"!35 #!"37 #3"732 #!"55 #11"266
2!"116 #12"3!6 !21 #6"07 #11"563
35"410 #!!3 3"024 #!"17! #2"262
2000
2001
2002
2003
3.10 Is
#23"61! +outflo,+
#13"110 +outflo,+
#11"475 +outflo,+
2"031 +inflo,+
3.12 What is
57"515
24"557
16"720
34"417
3.1 What is
23"221
20"24
17"641
37"441
3.1 What is
13"!23
11"266
11"563
2"262
0 -es
0 -es
0 -es
0 -es
A. *urrent aount balane (. *aital aount balane *. Finanial aount balane 7. :et errors and omissions ;.
3.1 7oes
3.1.
2004
2005
2006
2007
200
200!
2010
2011
5!"512 #1"624 #5"12 #5"70 #46"!0
4"602 #12"764 1"025 #7"!5 #64"!6
!2"316 2!1 3"612 11"24 #107"466
72"1!3 #10"641 !7"10 #!"732 #14"!2
103"!35 #104 #13!"705 #3"045 3"!1!
50"34 #12"466 #2"162 #6"3!2 #3"363
67"452 #41 #21"526 #!"135 #36"750
!7"274 130 #76"115 #"651 #12"63
2004
2005
2006
2007
200
200!
2010
2011
#6"752 +outflo,+
#11"73! +outflo,+
3"!03 +inflo,+
6"467 +inflo,+
#13!"0! +outflo,+
#40"62 +outflo,+
#21"567 +outflo,+
#75"!5 +outflo,+
57"
71"3
!2"607
61"552
103"31
37"!1
67"411
!7"404
52"760
72"63
!6"21!
15"660
#35"74
!"756
45"5
21"2!
46"!0
64"!6
107"467
14"!2
#3"!1!
3"364
36"750
12"63
0 -es
0 -es
1 /earl*
0 -es
0 -es
1 -es
0 -es
0 -es
2012
2013
71"22 #5"21 #25"675 #10"370 #30"020
34"141 #3!5 #44"!3 #10"42 22"07
2012
2013
#30"!3 +outflo,+
#45"37 +outflo,+
66"064
33"746
40"3!
#11"237
30"01!
#22"07!
#1 /earl*
#1 /earl*
.ussia'a (.ussian ederation's) alance of a*ments Assumptions (million US)
A. (. *. 7. ;.
*urrent aount balane *aital aount balane Finanial aount balane :et errors and omissions
2000
2001
2002
2003
2004
46"3! 10"676 #34"2!5 #!"2!7 #13"!23
33"!35 #!"37 #3"732 #!"55 #11"266
2!"116 #12"3!6 !21 #6"07 #11"563
35"410 #!!3 3"024 #!"17! #2"262
5!"512 #1"624 #5"12 #5"70 #46"!0
2005
2006
2007
200
4"602 #12"764 1"025 #7"!5 #64"!6
!2"316 2!1 3"612 11"24 #107"466
72"1!3 #10"641 !7"10 #!"732 #14"!2
103"!35 #104 #13!"705 #3"045 3"!1!
200! 0 0 0 0 0
50"34 #12"466 #2"162 #6"3!2 #3"363
0 0 0 0 0
2010
2011
2012
2013
67"452 #41 #21"526 #!"135 #36"750
!7"274 130 #76"115 #"651 #12"63
71"22 #5"21 #25"675 #10"370 #30"020
34"141 #3!5 #44"!3 #10"42 22"07
uro Area alance of a*ments ;uro Area (alane of 9ayments. Use the following ;uro Area balane of ayments data from the IMF to answer questions 3.1 through 3."1. 3."5 3."1 3."" 3."3 3."4
Is the ;uro Area e&eriening a net aital inflow! What is the ;uro Area's 6otal for $rous A and (! What is the ;uro Area's 6otal for $rous A through *! What is the ;uro Area's 6otal for $rous A through 7! 7oes the ;uro Area's (89 balane!
Assumptions (illions of US dollars)
2000
2001
2002
2003
2004
2005
2006
2007
200
200!
2010
2011
2012
2013
A. *urrent aount balane (. *aital aount balane *. Finanial aount balane 7. :et errors and omissions ;.
#1 4 50! 64 162
#1!7 56 #412 3 164
445 103 #153 #365 #30
24! 143 #476 #244 32
12 205 #122! 56 156
1!2 142 #714 150 230
#03 117 #25 1!6 #26
24! 54 #34 #213 #57
#1!5! 142 1753 112 #4!
#125 112 73 #126 #5!7
122 73 #122 #72 #01
160 140 #1032 34 34
1714 73 #2136 337 13
3054 27! #3452 1 101
$uestions
2000
2001
2002
2003
2004
2005
2006
2007
200
200!
2010
2011
2012
2013
3."5 Is the ;uro Area e&eriening a net aital inflow!
5!3 +inflo,+
#355 +outflo,+
#50 +outflo,+
#332 +outflo,+
#1024 +outflo,+
#571 +outflo,+
#167 +outflo,+
21 +inflo,+
1!6 +inflo,+
4! +inflo,+
#4! +inflo,+
#!2 +inflo,+
#2064 +inflo,+
#3172 +inflo,+
3."1 What is the ;uro Area's 6otal for $rous A and (!
#734
#141
54!
3!2
1017
334
114
303
#117
#14
1!5
300
177
3333
3."" What is the ;uro Area's 6otal for $rous A through *!
#226
#553
3!5
#3
#212
#30
#170
26!
#64
724
73
#732
#350
#11!
3."3 What is the ;uro Area's 6otal for $rous A through 7!
#162
#164
30
#32
#156
#230
25
57
4!
5!
01
#34
#13
#101
00 -es
00 -es
00 -es
00 -es
00 -es
00 -es
00 -es
00 -es
00 -es
00 -es
00 -es
00 -es
00 -es
00 -es
3."4 7oes the ;uro Area's (89 balane!
rolem 322 rade eficits and 8#Cur9e Ad:ustment at&s Assume that the United Arab ;mirates has the following imort=e&ort #olumes and ries. It underta@es a maor Bde#aluationC of the UA; 7irham +A;7- by 2D on a#erage against all maor trading artner urrenies. What is the re,de#aluation and ost, de#aluation trade balane! Assumptions Initial ross e&hange rate/ A;7=> 9rie of e&orts/ +A;79rie of imorts/ +>?uantity of e&orts/ units ?uantity of imorts/ units 9erentage de#aluation of the A;7
a =&at is t&e pre#de9aluation trade alance>
;alues 420 1000000 1120000 300 200 600<
A 30"000 22"400
rolem 322 rade eficits and 8#Cur9e Ad:ustment at&s Assume that the United Arab ;mirates has the following imort=e&ort #olumes and ries. It underta@es a maor Bde#aluationC of the UA; 7irham +A;7- by 2D on a#erage against all maor trading artner urrenies. What is the re,de#aluation and ost, de#aluation trade balane! Assumptions Initial ross e&hange rate/ A;7=> 9rie of e&orts/ +A;79rie of imorts/ +>?uantity of e&orts/ units ?uantity of imorts/ units 9erentage de#aluation of the A;7
a =&at is t&e pre#de9aluation trade alance> ;&enditures on imorts/ A;7 9re,de#aluation trade balane
.esultin? trade alance immediatel* after de9aluation> :ew ross e&hange rate/ after de#aluation ;&enditures on imorts/ A;7 9ost,de#aluation trade balane +urreny ontrat eriod-
;alues 420 1000000 1120000 300 200 600<
A 30"000 22"400 A !4"00 #A 64"00
A 30"000 22"400 445 A !!"7240 #A 6!"7240