Current account balance (CAB)

Current account balance (CAB),

Definition of Current account balance (CAB):

  1. Difference between a countrys total exports of goods and services, remittances from the migrant workers, and aid grants, but not capital inflows or outflows. A component of balance of payments, it is a measure of a countrys competitive strengths and indicates the stability of its currency.

Meaning of Current account balance (CAB) & Current account balance (CAB) Definition