DataSeries NameCountry Name20052006200720082009201020112012201320142005200620072008200920102011201220132014Current account balance (% of GDP)Japan3.72108339084.00924981874.86040164832.93071950222.8932255044.01951774382.19446441271.0096101420.83609192680.52202377983.74.04.92.92.94.02.21.00.80.5Current account balance (BoP, current US$)Japan170123000000174673000000211736000000142116000000145678000000220888000000129597000000601169996974113206998424020721717170.1174.7211.7142.1145.7220.9129.660.141.124.0Goods exports (BoP, current US$)Japan570982000000619219000000680623000000749118000000548145000000735436000000789951000000776640000000694940000000699454000000571.0619.2680.6749.1548.1735.4790.0776.6694.9699.5Goods imports (BoP, current US$)Japan464018000000524113000000560022000000693841000000490054000000626912000000794425000000830124000000784588000000798654000000464.0524.1560.0693.8490.1626.9794.4830.1784.6798.7Service exports (BoP, current US$)Japan101961000000109346000000121579000000141040000000120914000000134553000000140709000000136974000000135398000000163081000000102.0109.3121.6141.0120.9134.6140.7137.0135.4163.1Service imports (BoP, current US$)Japan139013000000141407000000158677000000178976000000155754000000164880000000175780000000184689000000170878000000192305000000139.0141.4158.7179.0155.8164.9175.8184.7170.9192.3Primary income payments (BoP, current US$)Japan3875267341149873022710596770714895502833067540624093900467443974785058834823654194074488566817566096298270082638.849.959.755.040.646.750.654.256.763.0Secondary income, other sectors, payments (BoP, current US$)Japan1210364695812046002251131570299521668733787615819388879166517330932057556177222906139971205580612252763651703812.112.013.216.715.816.720.622.920.627.6Exports of goods and services (BoP, current US$)Japan672942000000728565000000802202000000890158000000669059000000869990000000930660000000913614000000830338000000862535000000672.9728.6802.2890.2669.1870.0930.7913.6830.3862.5Imports of goods and services (BoP, current US$)Japan6030310000006655200000007187000000008728170000006458070000007917930000009702050000001014810000000955467000000990959000000603.0665.5718.7872.8645.8791.8970.21014.8955.5991.0Imports of goods, services and primary income (BoP, current US$)Japan6417836734117153930227107783770714899278453306756864310939008385373974781020793348236106900407448810121487566091053941700826641.8715.4778.4927.8686.4838.51020.81069.01012.11053.9Exports of goods, services and primary income (BoP, current US$)Japan8194790000009007490000001001626000000108300400000084450600000010718210000001164214000000114346800000010633990000001096911000000819.5900.71001.61083.0844.51071.81164.21143.51063.41096.9Data from database: World Development IndicatorsLast Updated: 02/17/2016
Current account balance (% of GDP) Japan 2005.0 2006.0 2007.0 2008.0 2009.0 2010.0 2011.0 2012.0 2013.0 2014.0 3.721083390771636 4.009249818704644 4.860401648266817 2.93071950221195 2.893225504039469 4.019517743774466 2.194464.
1. DataSeries NameCountry
Name200520062007200820092010201120122013201420052006
20072008200920102011201220132014Current account balance
(% of
GDP)Japan3.72108339084.00924981874.86040164832.9307195
0222.8932255044.01951774382.19446441271.0096101420.8360
9192680.52202377983.74.04.92.92.94.02.21.00.80.5Current
account balance (BoP, current
US$)Japan17012300000017467300000021173600000014211600
00001456780000002208880000001295970000006011699969741
13206998424020721717170.1174.7211.7142.1145.7220.9129.66
0.141.124.0Goods exports (BoP, current
US$)Japan57098200000061921900000068062300000074911800
00005481450000007354360000007899510000007766400000006
94940000000699454000000571.0619.2680.6749.1548.1735.479
0.0776.6694.9699.5Goods imports (BoP, current
US$)Japan46401800000052411300000056002200000069384100
00004900540000006269120000007944250000008301240000007
84588000000798654000000464.0524.1560.0693.8490.1626.979
4.4830.1784.6798.7Service exports (BoP, current
US$)Japan10196100000010934600000012157900000014104000
00001209140000001345530000001407090000001369740000001
35398000000163081000000102.0109.3121.6141.0120.9134.614
0.7137.0135.4163.1Service imports (BoP, current
US$)Japan13901300000014140700000015867700000017897600
00001557540000001648800000001757800000001846890000001
70878000000192305000000139.0141.4158.7179.0155.8164.917
5.8184.7170.9192.3Primary income payments (BoP, current
US$)Japan38752673411498730227105967707148955028330675
40624093900467443974785058834823654194074488566817566
096298270082638.849.959.755.040.646.750.654.256.763.0Seco
ndary income, other sectors, payments (BoP, current
US$)Japan12103646958120460022511315702995216687337876
15819388879166517330932057556177222906139971205580612
2. 252763651703812.112.013.216.715.816.720.622.920.627.6Expo
rts of goods and services (BoP, current
US$)Japan67294200000072856500000080220200000089015800
00006690590000008699900000009306600000009136140000008
30338000000862535000000672.9728.6802.2890.2669.1870.093
0.7913.6830.3862.5Imports of goods and services (BoP, current
US$)Japan60303100000066552000000071870000000087281700
00006458070000007917930000009702050000001014810000000
955467000000990959000000603.0665.5718.7872.8645.8791.89
70.21014.8955.5991.0Imports of goods, services and primary
income (BoP, current
US$)Japan64178367341171539302271077837707148992784533
06756864310939008385373974781020793348236106900407448
810121487566091053941700826641.8715.4778.4927.8686.4838
.51020.81069.01012.11053.9Exports of goods, services and
primary income (BoP, current
US$)Japan81947900000090074900000010016260000001083004
00000084450600000010718210000001164214000000114346800
000010633990000001096911000000819.5900.71001.61083.084
4.51071.81164.21143.51063.41096.9Data from database: World
Development IndicatorsLast Updated: 02/17/2016
Current account balance (% of GDP) Japan 2005.0 2006.0
2007.0 2008.0 2009.0 2010.0 2011.0 2012.0
2013.0 2014.0 3.721083390771636
4.009249818704644 4.860401648266817
2.93071950221195 2.893225504039469
4.019517743774466 2.194464412655089
1.009610142006505 0.836091926821676
0.522023779773657 CURR A/C BAL 2005.0 2006.0
2007.0 2008.0 2009.0 2010.0 2011.0 2012.0
2013.0 2014.0 1.70123E11 1.74673E11
2.11736E11 1.42116E11 1.45678E11 2.20888E11
1.29597E11 6.0116999697E10 4.1132069984E10
2.4020721717E10 Goods exports (BoP, current US$)
Japan 2005.0 2006.0 2007.0 2008.0 2009.0
2010.0 2011.0 2012.0 2013. 0 2014.0
3. 5.70982E11 6.19219E11 6.80623E11 7.49118E11
5.48145E11 7.35436E11 7.89951E11 7.7664E11
6.9494E11 6.99454E11 Goods imports (BoP,
current US$) Japan 2005.0 2006.0 2007.0 2008.0
2009.0 2010.0 2011.0 2012.0 2013.0 2014.0
4.64018E11 5.24113E11 5.60022E11 6.93841E11
4.90054E11 6.26912E11 7.94425E11 8.30124E11
7.84588E11 7.98654E11 Service exports (BoP,
current US$) Japan 2005.0 2006.0 2007.0 2008.0
2009.0 2010.0 2011.0 2012.0 2013.0 2014.0
1.01961E11 1.09346E11 1.21579E11 1.4104E11
1.20914E11 1.34553E11 1.40709E11 1.36974E11
1.35398E11 1.63081E11 Service imports (BoP,
current US$) Japan 2005.0 2006.0 2007.0 2008.0
2009.0 2010.0 2011. 0 2012.0 2013.0
2014.0 1.39013E11 1.41407E11 1.58677E11
1.78976E11 1.55754E11 1.6488E11 1.7578E11
1.84689E11 1.70878E11 1.92305E11 Primary
income payments (BoP, current US$) Japan 2005.0 2006.0
2007.0 2008.0 2009.0 2010.0 2011.0 2012.0
2013.0 2014.0 3.8752673411E10 4.987302271E10
5.9677071489E10 5.5028330675E10 4.06240939E10
4.6744397478E10 5.0588348236E10 5.4194074488E10
5.6681 756609E10 6.2982700826E10 Secondary
income, other sectors, payments (BoP, current US$) Japan
2005.0 2006.0 2007.0 2008.0 2009.0 2010.0
2011.0 2012.0 2013.0 2014.0 1.2103646958E10
1.2046002251E10 1.3157029952E10 1.6687337876E10
1.5819388879E10 1.6651733093E10 2.0575561772E10
2.2906139971E10 2.0558061225E10 2.7636517038E10
Definition and SourceCodeIndicator NameLong
definitionSourceBX.GSR.GNFS.CDExports of goods and
services (BoP, current US$)Exports of goods and services
comprise all transactions between residents of a country and the
rest of the world involving a change of ownership from
4. residents to nonresidents of general merchandise, net exports of
goods under merchanting, nonmonetary gold, and services. Data
are in current U.S. dollars.International Monetary Fund,
Balance of Payments Statistics Yearbook and data
files.BM.GSR.GNFS.CDImports of goods and services (BoP,
current US$)Imports of goods and services comprise all
transactions between residents of a country and the rest of the
world involving a change of ownership from nonresidents to
residents of general merchandise, nonmonetary gold, and
services. Data are in current U.S. dollars.International Monetary
Fund, Balance of Payments Statistics Yearbook and data
files.BM.GSR.TOTL.CDImports of goods, services and primary
income (BoP, current US$)Imports of goods, services and
primary income is the sum of goods imports, service imports
and primary income payments. Data are in current U.S.
dollars.International Monetary Fund, Balance of Payments
Statistics Yearbook and data files.BX.GSR.MRCH.CDGoods
exports (BoP, current US$)Goods exports refer to all movable
goods (including nonmonetary gold and net exports of goods
under merchanting) involved in a change of ownership from
residents to nonresidents. Data are in current U.S.
dollars.International Monetary Fund, Balance of Payments
Statistics Yearbook and data files.BM.GSR.MRCH.CDGoods
imports (BoP, current US$)Goods imports refer to all movable
goods (including nonmonetary gold) involved in a change of
ownership from nonresidents to residents. Data are in current
U.S. dollars.International Monetary Fund, Balance of Payments
Statistics Yearbook and data files.BM.GSR.FCTY.CDPrimary
income payments (BoP, current US$)Primary income payments
refer to employee compensation paid to nonresident workers and
investment income (payments on direct investment, portfolio
investment, other investments). Data are in current U.S.
dollars.International Monetary Fund, Balance of Payments
Statistics Yearbook and data files.BM.TRF.PRVT.CDSecondary
income, other sectors, payments (BoP, current US$)Secondary
income refers to transfers recorded in the balance of payments
5. whenever an economy provides or receives goods, services,
income, or financial items without a quid pro quo. All transfers
not considered to be capital are current. Data are in current U.S.
dollars.International Monetary Fund, Balance of Payments
Statistics Yearbook and data
files.BN.CAB.XOKA.GD.ZSCurrent account balance (% of
GDP)Current account balance is the sum of net exports of goods
and services, net primary income, and net secondary
income.International Monetary Fund, Balance of Payments
Statistics Yearbook and data files, and World Bank and OECD
GDP estimates.BN.CAB.XOKA.CDCurrent account balance
(BoP, current US$)Current account balance is the sum of net
exports of goods and services, net primary income, and net
secondary income. Data are in current U.S. dollars.International
Monetary Fund, Balance of Payments Statistics Yearbook and
data files.BX.GSR.TOTL.CDExports of goods, services and
primary income (BoP, current US$)Exports of goods, services
and primary income is the sum of goods exports, service exports
and primary income receipts. Data are in current U.S.
dollars.International Monetary Fund, Balance of Payments
Statistics Yearbook and data files.BX.GSR.NFSV.CDService
exports (BoP, current US$)Services refer to economic output of
intangible commodities that may be produced, transferred, and
consumed at the same time. Data are in current U.S.
dollars.International Monetary Fund, Balance of Payments
Statistics Yearbook and data files.BM.GSR.NFSV.CDService
imports (BoP, current US$)Services refer to economic output of
intangible commodities that may be produced, transferred, and
consumed at the same time. Data are in current U.S.
dollars.International Monetary Fund, Balance of Payments
Statistics Yearbook and data files.
English 1002: Evaluating Research Sources
Who—authored the source? What clues are there that this author
is or isn’t an authority in this particular area?
6. _____________________________________________________
_________________________
_____________________________________________________
_________________________
When—was the information published? Is it still relevant to
your argument?
_____________________________________________________
_________________________
What—type of information does the source provide? How
might it be relevant to the essay?
_____________________________________________________
_________________________
_____________________________________________________
_________________________
_____________________________________________________
_________________________
_____________________________________________________
_________________________
Where—is this information coming from? What clues
demonstrate the source’s reliability or lack thereof?
_____________________________________________________
_________________________
_____________________________________________________
_________________________
7. _____________________________________________________
_________________________
Why—is this info being presented? Does it aim to inform,
persuade, entertain, sell??? What bearing does this purpose have
on the source’s reliability and relevance?
_____________________________________________________
_________________________
_____________________________________________________
_________________________
_____________________________________________________
_________________________
How—is the info being presented? Does it seem biased in any
way, and if so, how does this affect your understanding of the
relevance and reliability of this source?
_____________________________________________________
_________________________
_____________________________________________________
_________________________
2- Assignment
Policy Analysis of the Balance of Payments
The goal of this assignment is applying the basic principles
trade to explain the state of a balance of payments in one
country.
8. 1. Decide with your teammate the country you want to analyse.
(Japan)
2. Retrieve two of three graphs about the evolution of the
balance of payments of your selected country from the IMF
Data Mapper
(http://www.imf.org/external/datamapper/index.php), which will
be included as annex to your short paper.
3. Write your analysis about the current trade situation of your
selected country including some of the following analytical
elements (the relevance of the elements below vary from case to
case)
3.1 Explain the causes of the surplus or deficit in the current
account
1.1 Trade in goods
1.2 Trade in services
3.2. How has the country been able to offset the imbalance
between current and capital account?
3.3. What is the role of reserves?
3.4. What other domestic policies are affecting trade in your
country?
5.1. Monetary: interest rate and/bonds (increase or decrease
spending on goods and services)
5.2 Fiscal: Taxes
5.3 Commercial: increase or decrease exports
3.5. Indicate how externalities may contribute to the
explanation of policy choices (productivity, temporary decline
in prices or raw materials).
4. Some other important elements should be taken into
consideration:
a) Your explanation of the policy choices will require gathering
information from other sources such as think tanks or policy
9. papers. IMF, Wold Bank, OECD covering the period 2000-2014
b) The statistical annex should be brief based on graphs or table
you have processed from databases.
c) Upload your analysis in BB by Friday, February 26th
d) The expectation is to deliver a 4-5 page explaining the policy
choices of a country of your preference (except the United
States) and a statistical annex.