The following are the items in the UKs 2021 balance of payments: billions Exports of goods
Question:
The following are the items in the UK’s 2021 balance of payments:
£ billions | |
Exports of goods | 323.56 |
Imports of goods | 492.77 |
Exports of services | 330.73 |
Imports of services | 189.55 |
Net income flows | 11.87 |
Net current transfers | –17.93 |
Net capital transfers | –1.13 |
Direct investment | –113.49 |
Portfolio investment | +192.12 |
Other financial flows | –43.12 |
Reserves | –17.70 |
Calculate the following:
(a) The balance on trade in goods.
(b) The balance on trade in goods and services
(c) The balance of payments on current account.
(d) The financial account balance.
(e) The total current plus capital plus financial account balance
(f) Net errors and omissions.
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Related Book For
Essential Economics For Business
ISBN: 9781292728940
7th Edition
Authors: John Sloman, Elizabeth Jones
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