This table provides metadata for the actual indicator available from Vanuatu statistics closest to the corresponding global SDG indicator. Please note that even when the global SDG indicator is fully available from Vanuatuan statistics, this table should be consulted for information on national methodology and other Vanuatu-specific metadata information.
| Proxy |
No |
|---|---|
| Definition |
The “Current Accounts Balance Change” indicator measures the year-over-year or period-over-period change in a country’s current account balance, which is a component of the balance of payments. The current account balance reflects the difference between a country’s savings and its investment, and it includes the trade balance (exports minus imports of goods and services), net income from abroad, and net current transfers (such as remittances). |
| Concept |
This indicator tracks the fluctuations in the current account balance, which is a critical measure of a country’s economic transactions with the rest of the world. A positive current account balance (surplus) indicates that a country is a net lender to the rest of the world, while a negative balance (deficit) suggests that it is a net borrower. The change in the current account balance over time provides insights into the dynamics of international trade, investment income, and transfers, and helps assess the sustainability of a country’s external position. |
| Disaggregation |
None |
| Rationale |
Monitoring the change in the current account balance is essential for understanding a country’s economic health and its ability to engage in international trade and financial activities. A significant improvement in the current account balance might indicate increased competitiveness, higher savings rates, or favorable terms of trade, while a worsening balance could signal economic vulnerabilities, such as excessive dependence on foreign capital or declining exports. |
| Method of Computation |
To compute the “Current Accounts Balance Change,” first collect data on the country’s current account balance for the current period and the previous period. Then, calculate the change by subtracting the previous period’s balance from the current period’s balance. Express this change in absolute terms or as a percentage by dividing the change by the previous period’s balance and multiplying by 100. This calculation provides insights into how the country’s external economic position has evolved over time. Formula: Percentage Change in Current account Balance= (Current Account Balance (Current Year) – Current Account Balance (Previous Year)/ Current Account Balance (Previous Year))*100 |
| Sustainable Development Goal Indicator Alignment |
8.a.1 17.12.1 |
| Unit of Measurement |
Vatu in Millions |
| Frequency of Collection |
Quarterly |