<Dd> Being movable and physical in nature, goods are often traded by countries all over the world . When a transaction of certain good's ownership from a local country to a foreign country takes place, this is called an "export". The other way around, when a good's owner changes to a local inhabitant from a foreigner, is defined to be an "import". In calculating current account, exports are marked as credit (the inflow of money) and imports as debit (the outflow of money). </Dd> <Dd> When an intangible service (e.g. tourism) is used by a foreigner in a local land and the local resident receives the money from a foreigner, this is also counted as an export, thus a credit . </Dd> <Dd> A credit of income happens when an individual or a company of domestic nationality receives money from a company or individual with foreign identity . A foreign company's investment upon a domestic company or a local government is considered as a debit . </Dd> <Dd> Current transfers take place when a certain foreign country simply provides currency to another country with nothing received as a return . Typically, such transfers are done in the form of donations, aids, or official assistance . </Dd>

Is trade deficit the same as current account deficit