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Glossary A-Z

 
cultivated assets
Description

Cultivated assets are livestock for breeding, dairy, draught, etc. and vineyards, orchards and other plantations of trees yielding repeat products that are under the direct control, responsibility and management of institutional units.


Source : National Accounts
Source Detail : Gross Domestics Product (GDP)
culture system
Description

System of fish culture in ponds.


Source : Environment
Source Detail : Compendium of Environment Statistics
current account
Description

It measures net provision of real resources namely goods, services, primary and secondary income to or from the rest of the world. A surplus in current account arises when earnings exceed spending, while a deficit occurs when it reversed. A deficit in the current account may be financed by foreign investment inflows or external borrowings or a draw downs on reserve assets.
 


Source : External Sector
Source Detail : Quarterly Balance of Payment
current account (balance of payments)
Description

The current account (balance of payments) shows details of goods and services, income, and current transfers.


Source : National Accounts
Source Detail : Gross Domestics Product (GDP)
current transfers
Description

A current transfer is a transaction in which one institutional unit provides a good, service or asset to another unit without receiving from the latter any good, service or asset directly in return as counterpart and does not oblige one or both parties to acquire, or dispose of, an asset.
 


Source : National Accounts
Source Detail : Gross Domestic Product (GDP)