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Definition: Current international transaction
Category: International trade in services
From a country's point of view, a current international transaction, designated an export, takes place when a resident sells a real resource (goods, services and income) beyond the border and receives foreign currency as a counterpart. The opposite situation - an import - in which an input of real resource and an output of national currency occur in the country, reflects a current international transaction too. http://ec.europa.eu/eurostat/ramon/coded_files/KS-EB-05-719-EN.pdf
Source:
Eurostat, European Union International trade in services; Analytical aspects; Data 1993-2003, Office for Official Publications of the European Communities, Luxembourg, 2005
Eurostat, European Union International trade in services; Analytical aspects; Data 1993-2003, Office for Official Publications of the European Communities, Luxembourg, 2005
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