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Economics Lecture 12 - 9^th January 2008

Balance of Payments

The Balance of Payments is a record of economic transactions of a country with the rest of the world.

Consists of 3 sections/accounts:

• Current account

• Capital account

• Official financing.

Current account

Malta – find in NSO under press releases.

Exports of merchandise – goods. In Malta: electronic components, textile/clothing, plastics.

Imports of merchandise – electronic components, food, oil.

Malta has a large deficit where deficit is increasing.

Trade in services exports – tourism, transport services, financial services.

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