Thai Economic Indicators 2011

Money, Finance, Insurance and Balance of Payments BroadMoney Equals the sum of narrow money (comprises the most liquid money liabilities that are held by money holders) and Quasi-money (comprises highly liquid or near-money liabilities in hand of money holders). Balance of Payments A summary of economic transactions between residents and nonresidents that takes place during a specific time period, comprises 2 accounts Current Account (represents the net sum of trade in goods and services, income and current transfers) and Capital and Financial Account. Trade balance A measured in f.o.b. term (price excluding freight and insurance fee), while imports are measured in C.I.F. term (price including freight and insurance fee) and adjusted thereafter to be compliant with the Balance of Payments Manual, fifth edition (BPM5). Net Services The net result of foreign trade related to services, defined as the net export (export less import) of services. Services include items such as transportation, travel expenses, government services, communication services, construction services, royalties and license fees / patents, insurance, etc. Income Comprises compensation of employees (wages, salary, and benefit both in cash and in kind) and investment income (direct investment income, income on portfolio investment, and other investment earnings). Current Transfers Refers to donation or grant paid to or received from nonresidents, which results in transfers of ownership over real or financial resources. Capital Account Encompasses receipts and payments pertaining to (1) transfers in cash or in kind (for instance, investment grant, transfer of ownership of fixed asset, and debt forgiveness), and (2) acquisition and disposal of non-produced, non-financial assets (tangible assets such as land, and intangibles such as patents, trademarks, and real estate leasing). Financial Account