{"iri":"https://lexicon.financial/business/bea/BalanceOnCurrentAccountNationalIncomeAndProductAccounts","label":"Balance on current account, national income and product accounts","definition":"Current receipts from the rest of the world less current payments to the rest of the world , formerly called \"net foreign investment.\" Current receipts equal exports of goods and services plus income receipts from the rest of the world ; current payments are the sum of imports of goods and services , income payments to the rest of the world , and current taxes and transfer payments to the rest of the world (net).","license":"https://www.usa.gov/government-copyright","source":"bea","source_url":"https://www.bea.gov/help/glossary/balance-current-account-national-income-and-product-accounts"}