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What is the current situation with the country's balance of payments (trade and current account balance; financial and capital account balance)? What changes have taken

What is the current situation with the country's balance of payments (trade and current account balance; financial and capital account balance)? What changes have taken place in the past 5 years? The information to use is attached

Extra Info: You will find the Balance of Payments data in the World Development Indicators from the Gelman list of databases. However, this gets tricky. You know that CA + FA + OR = 0. With real data, we have a statistical discrepancy, SD. International reporting considers an extra account for trades in real assets (e.g., real estate) known as the Capital Account, KA. In addition, international reporting of FA includes OR, so forget about this separately (this will make your work a bit easier). Hence, CA + FA + KA + SD = 0 in our new equation. In addition, however, international reporting moves FA to the right-hand side, so the reported signs will not be what you expect. UGH! But think about CA + KA + SD = -FA, and you will be presented with the negative of FA so just switch signs for interpretation.image text in transcribed

2014 2015 2016 2017 2018 Current account balance (BOP, current US$) -5,061,997,449.0 -3,977,720,778.7 -2,664,707,868.7 -1,813,890,230.9 - 1,890,298,124.0 Net errors and omissions (BOP, current US$) 1,153,300,570.2 735,854, 100.2 778,684,164.7 951,867,695.3 -856,172,238.4 Net capital account (BOP, current US$) 547,903,343.0 380, 108,700.4 446,194,416.2 376,761,132.9 221,157,080.7 Net financial account (BOP, current US$) -3,360,793,535.8 -2,861,757,978.1 - 1,439,829,287.8 -485,261,402.7 -2,525,313,281.6 Created from: World Development Indicators Country: Tanzania 2014 2015 2016 2017 2018 Current account balance (BOP, current US$) -5,061,997,449.0 -3,977,720,778.7 -2,664,707,868.7 -1,813,890,230.9 - 1,890,298,124.0 Net errors and omissions (BOP, current US$) 1,153,300,570.2 735,854, 100.2 778,684,164.7 951,867,695.3 -856,172,238.4 Net capital account (BOP, current US$) 547,903,343.0 380, 108,700.4 446,194,416.2 376,761,132.9 221,157,080.7 Net financial account (BOP, current US$) -3,360,793,535.8 -2,861,757,978.1 - 1,439,829,287.8 -485,261,402.7 -2,525,313,281.6 Created from: World Development Indicators Country: Tanzania

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