External balance on goods and services (current LCU)

This indicator reflects the net flow of economic transactions involving the export and import of tangible and intangible products, capturing a nation's performance in international trade. By calculating the difference between the value of goods and services exported and those imported, it provides a comprehensive snapshot of a country’s trade dynamics. Expressed in local currency, this measure not only highlights the balance of trade but also underscores the implications for currency stability and overall economic health. A positive balance can indicate a competitive advantage and strong global demand for a nation’s offerings, while a negative figure might suggest an overreliance on foreign goods and services, potentially leading to trade deficits and influencing monetary policy decisions. Source: