Canada's Balance of International Payments
Balance of international payments, capital account of economy, value
Balance of international payments, capital account refers to that part of the balance of international payments account that summarizes, for a specific period of time, the economic transactions of residents with non-residents covered by the capital account. The capital account records acquisitions and disposals of non-financial assets as a result of transactions with other units, flows linked to production (such as changes in inventories and consumption of fixed capital) and the redistribution of wealth by means of capital transfers. Records the values of non-financial assets that are acquired, or disposed of, by resident institutional units by engaging in transactions and shows the change in net worth due to saving and capital transfers.
Economy refers to the entire set of resident institutional units. It is divided into sectors that consists of groups of resident institutional units. An institutional unit is resident in a country when it has a centre of economic interest in the economic territory of that country. It is said to have a centre of economic interest when there exists some location - dwelling, place of production or other premises - within the economic territory on, or from, which it engages, and intends to continue to engage, in economic activities and transactions on a significant scale either indefinitely or over a finite period of time.
The data for this variable are reported using the following measurements:
- Canadian dollar at current prices