Damien King (@damienwking) 's Twitter Profile
Damien King

@damienwking

A smidgen of economics; a pinch of logic; and a whole heap of petty foolishness.

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linkhttp://damienking.wordpress.com calendar_today20-07-2009 23:31:55

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Damien King
@damienwking

2 years ago

So this is not technically correct. The balance of trade on goods+services (most recent quarter) is negative US$580m; so not a net exporter. However, there is a surplus on the income account (mostly remittances) of US$820m, so the overall "current account" balance is positive.