Skip to content
  • About Me
  • Resume

@KarimVarela

Musings on entrepreneurship and technology

Tag: China

What is a Country’s Current Account Balance?

Posted on 2012/10/062012/10/06 by Karim Varela

By definition, a country’s current account balance is equal to a country’s exports minus its imports. This includes not only goods, but services as well. Countries like the United States and Great Britain run a HUGE current account deficit, meaning we import a lot more than we export. On the opposite end of the spectrum are countries like China and Japan who export much more than they import. These countries are said to have a current account surplus. Since these countries who export a lot to the US are generally paid in dollars, they hold vast amounts of US dollars in their foreign currency reserves. In 2008, at the tipping point of the global financial crisis, it was estimated that China held over one trillion US dollars in their reserve. That’s $1000 for each Chinese citizen!

Share:

  • Facebook
  • Email
  • LinkedIn
  • Twitter
  • Reddit

Like this:

Like Loading...
Tagged China, current account balance, deficit, international finance, Japan, United StatesLeave a comment

Pages

  • About Me
  • Resume

Enter the matrix:

Join 923 other subscribers

Recent Musings

  • Moving over to Medium, at least for a while …
  • “Why can’t I get a job in tech???”
  • Scaling an Engineering Team Effectively
  • Chief Technology Officer (CTO) or Individual Contributor (IC)?
  • Devibe Podcast: Scaling Coffee Meets Bagel, tech leadership, agile development, collaboration, and more!

Tags

Activity agile Android assets AT&T awareness business Button career China CTO current account balance deficit development engineering entrepreneurship equity Eurobank Eurocurrency Fandango finance FrameLayout Google Hackathon hdpi international international finance iOS Japan keyboard landscape Layout ldpi leadership logging mdpi NBC Universal negotiation orientation portrait recruiting Selector spreadsheet UI United States

Categories

  • business (10)
  • development (13)
  • general (10)
  • leadership (3)
  • mac (1)
  • team building (1)
  • tech (6)

Recent Comments

  • Dismiss Keyboard (in Android) – Brooks Web Pro on Android: How to Hide Keyboard By Touching Screen Outside Keyboard
  • Karim Varela on Android: How to Include Line Numbers, Class Names, and Method Names in Your Log Statements
  • mako on Android: How to Include Line Numbers, Class Names, and Method Names in Your Log Statements

Social

  • View karim.varela’s profile on Facebook
  • View KarimVarela’s profile on Twitter
  • View KarimVarela’s profile on Instagram
  • View KarimVarela’s profile on LinkedIn
  • View kvarela’s profile on GitHub

Follow me on Twitter

My Tweets

Translate

Archives

  • July 2018
  • November 2017
  • September 2017
  • August 2017
  • September 2015
  • March 2015
  • January 2015
  • April 2013
  • December 2012
  • October 2012
  • September 2012
  • July 2012
  • June 2012
  • May 2012

Meta

  • Register
  • Log in
  • Entries RSS
  • Comments RSS
  • WordPress.org
Proudly powered by WordPress | Theme: Lodestar by Automattic.
loading Cancel
Post was not sent - check your email addresses!
Email check failed, please try again
Sorry, your blog cannot share posts by email.
%d bloggers like this: