Macroeconomic Indicators (01 May 2010)

The receipts on the trade account of the balance of payments came down consistently from $57.5 billion in the quarter ending June 2008 to $37.9 billion in the quarter ending June 2009, but reversed the trend and improved to $44.6 billion in the quarter ending December 2009. The trade deficit also narrowed marginally in the quarter ending December 2009. The current account deficit, however, widened from $1.2 billion for the quarter ending March 2009 to $12.0 billion for the quarter ending December 2009 partly because of volatile net invisibles receipts.