HM F20 Individual Assignment

Part A: You are required to prepare Summary of Canada Balance of Payments from 2008 to 2018 (in a

single sheet) based on the data set provided on eClass under week 3. Make sure your calculations in the

Summary include the followings: (refer to exhibit 3.1 for the format)

1. Balance on Current account (BCA)

a. Goods/merchandise

b. Services

c. Factor income (primary, secondary)

d. Unilateral transfer (if any)

2. Balance on Capital account

3. Balance on Financial account

a. Direct investment

b. Portfolio investment

c. Other investment

4. Statistical Discrepancies

5. Overall Balance

a. Official reserve account

PART B: In your opinion, whether performance in Current Account (from 2008 to 2018) in Part A has

strengthened/weakened domestic investments and government spendings of Canada. (hint: relationship

between Balance of Payments and National income accounting. Appendix 3A pg. 86)

Evaluation criteria:

Part A: Microsoft Excel Worksheet (write name and student number)

? Calculation accuracy and suggested format (refer to exhibit 3.1 of your textbook).

? Major headings (number 1, 2, 3, 4 and 5) when double-clicked must show cell reference(s) and

arithmetic operator(s), calculating their respective final values.

Part B: Microsoft Word Document (write name and student number)

? Understanding relationship among BCA, domestic investment, and government spending.

? Analyzing major trends and interpreting results.

? Including logical observations in bullet points.

? Proper citation: MLA or APA style

? Max 2-3 pages; Font: Times new roman; Font size: 11; Line space: 1.5

Data & numbers are in the attached picture. Thank you!

HM F20 2008 2009 2010 2011 2012 2013 2014 2015 2016 2017 Balance of Payments Millions of US Dollars A. Current Account Goods, credit (exports) 323,035 392,359 166.457 180,470 394,137 451,568 Goods, debit (imports) 417,650 329,18B 401,726 475,455 475,387 468,673 42.579 -6,153 -9,367 -6,985 5,083 -18,615 19,170 -17,105 Balance on goods Services, credit (exports) 75,491 76,929 92,040 87,479 Services, debit (imports) 89.92 83.248 98,437 107.41 114,025 115,622 114,23 104,976 104,550 112,138 115,501 -20,295 -30,875 21,683 -34,518 Primary income: credit 49,446 61,078 70,232 73,060 73,513 77,911 72,339 73,939 102,381 97,025 Primary income: debit 19,640 100,343 109,052 Balance on gds, serv. & prim. inc. 4,772 37,743 46,063 60,391 51,398 45,742 40,396 7,913 8, 752 9,411 9.664 8,567 10,023 9,230 Secondary income: credit 13,191 13,369 12,785 11,544 13,227 Secondary income: debit 10,946 12,590 B. Capital Account -247 -734 -121 4,666 -103 221 217 5,003 259 216 216 Capital account: credit 251 291 Capital account: debit 47,330 46,487 Balance on current & capital acct. 2.931 41.509 .58,28 64,855 41,513 LBL'VS 52,581 48.504 60,788 7,739 36,341 62,248 54,465 64,980 67,606 52,789 Equity & investment fund shares 88,669 36.341 56,262 59.751 69,395 5,987 5,890 5,229 19,438 -1,789 365 3,905 Direct investment liabilities 70,120 20,951 19,369 64,175 34,202 46,543 Equity & investment fund shares 70,120 20,951 38,338 47,373 51,298 36,741 13,282 1,996 2,876 -2,345 -2.539 333 Debt instruments Portfolio investment: assets 8.386 6,352 13,936 18,376 35,331 28,359 51,002 46,437 10,331 65,408 14,486 Equity & investment fund shares 8.601 12.856 26,730 23,246 6,156 15,824 5,576 Debt securities -16,987 080'L -8,354 22,204 18.506 26,702 5,493 38,910 -6,727 141,996 Portfolio investment: liabilities 39.43 103,428 32,842 113,313 41,713 3,108 23,354 17,889 9,416 38,866 20,136 75,635 106,286 101,323 102,477 14,953 61,613 74,905 74,448 21,576 Fin. der.& emplistk.ops.(ESOs): net Fin. der. & ESOs.: assets Fin. der. & ESOs.: liabilities 42,419 13.070 17.099 Other investment: assets 32.50 31,944 65,546 28,948 Other equity Debt instruments 32.50 31.944 36.42 30.722 13.070 65.546 17.098 6.325 8,675 1.020 1.305 41,134 6.101 28,586 47,067 Other equity Debt instruments 6.325 1.020 41.134 6.101 28.586 47,067 6.001 11,072 3.833 12,313 774 3,740 6.991 5,007 3,769 4,076 .9.237 Curr. + cap.- finan. acct. balance 2,473 7,543 4.233 -1,717 1.834 D. Net Errors and Omissions -4,396 1.011 4.933 E. Reserves and Related Items 1,768 10,471 3,815 7,917 1,729 4,751 5,274 8,480 5,603 857 -1,694 1,768 10.471 3,815 7,917 1,729 4.751 5,274 0BF 8 5.603 1,694 Credit and loans from the IMF Exceptional financing "Excludes Components in group E