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Sample of Balance of Payments Account Credits (Inflows) Debits (Outflows) Net Balance Current Account - Goods and Services $32,352 $16,000 $16,352 - Goods $29,760 $14,747

Sample of Balance of Payments
Account Credits (Inflows) Debits (Outflows) Net Balance
Current Account
- Goods and Services $32,352 $16,000 $16,352
- Goods $29,760 $14,747 $15,013
- Services $2,592 $1,253 $1,339
- Primary Income $25,357 $16,467 $8,890
- Secondary Income $3,249 $115 $3,134
Capital and Financial Account
- Capital Account -$150 -$150 $0
- Acquisitions/Disposals of Non-Produced Non-Financial Assets $0 $20 -$20
- Capital Transfers $0 $130 -$130
Financial Account
- Direct Investment $27,721 $1,553 $26,168
- Assets (Direct Investment) $1,553 $0 $1,553
- Liabilities (Direct Investment) $26,168 $1,553 $24,615
- Portfolio Investment $574 $50,751 -$50,177
- Assets (Portfolio Investment) -$50,751 $0 -$50,751
- Liabilities (Portfolio Investment) $51,325 $50,751 $574
- Financial Derivatives $151,988 $35,891 $116,097
- Assets (Financial Derivatives) $35,891 $0 $35,891
- Liabilities (Financial Derivatives) $151,988 $35,891 $116,097
- Other Investment $12,450 $2,225 $10,225
- Assets (Other Investment) $2,225 $0 $2,225
- Liabilities (Other Investment) $12,450 $2,225 $10,225
- Reserve Assets $242 $0 $242
Net Errors and Omissions
Overall Balance of Payments $77,053 $53,603 $23,450

Interpret each component of the balance of payments that you constructed in the spreadsheet above in great detail.

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