# Current Account

*Macro & Economy — Finicade finance glossary*

A country's trade balance plus its net income from abroad — broadly, whether it earns more from the world than it spends. Persistent deficits must be financed by borrowing or selling assets overseas.

**Also known as:** current-account-and-saving

**Related terms:** [Exchange Rate](https://finicade.com/glossary/exchange-rate), [GDP (Gross Domestic Product)](https://finicade.com/glossary/gdp), [Comparative Advantage](https://finicade.com/glossary/comparative-advantage)

**Taught in:** Macro & Markets — The Open Goods Market

Source: https://finicade.com/glossary/current-account