Balance_of_payments_answer

Balance_of_payments_answer

Answer

Item Credit Debit Balance
Trade in Goods (£b) (Exports) (Imports)

 (X – M)

Food, drinks, tobacco 10.6 23.6

 – 13

Basic materials 3.9 6.7

 – 2.8

Oil 19.8 21

 – 1.2

Semi-manufactures 59.7 62.3

 – 2.6

Finished manufactures 114.1 158.8

 – 44.7

TOTAL TRADE

 

 

 

Trade in services 111.1 88

 22.1

Investment income 185.5 156

 29.5

Transfers

 4

 13.4

 – 9.4

Other 12.2 14.9

 – 2.9

TOTAL INVISIBLES

 

 

 

CURRENT BALANCE