Description
Add gdp, netIncomeFromAbroad, and netTransfers for nationalDisposableIncome.
External-account identities reconcile flows, stocks, and explicit adjustments. Signed residuals are useful diagnostics but do not identify their cause or verify statistical classification.
Add gdp, netIncomeFromAbroad, and netTransfers for nationalDisposableIncome.
When to use this tool
Use Foreign Income Domestic Absorption Gap when you need a transparent trade or external-account reconciliation term.
How to use the tool and how it works
- Enter gdp, netIncomeFromAbroad, netTransfers, domesticAbsorption. Use the units and conventions below.
- Run the tool. Correct any format, range, or cross-field input error before interpreting the output.
- Read nationalDisposableIncome, currentAccountIdentity. Use the output convention below.
Add gdp, netIncomeFromAbroad, and netTransfers for nationalDisposableIncome. Subtract domesticAbsorption for currentAccountIdentity.1
| Input field | Meaning and units | Accepted input |
|---|---|---|
| gdp | Gdp | Required. Finite number. |
| netIncomeFromAbroad | Net Income From Abroad | Required. Finite number. |
| netTransfers | Net Transfers | Required. Finite number. |
| domesticAbsorption | Domestic Absorption | Required. Finite number. |
| Output field | Interpretation | Returned shape |
|---|---|---|
| nationalDisposableIncome | National Disposable Income | Required. Finite number. |
| currentAccountIdentity | Current Account Identity | Required. Finite number. |
{
"input": {
"gdp": 1000,
"netIncomeFromAbroad": 20,
"netTransfers": -10,
"domesticAbsorption": 950
},
"output": {
"nationalDisposableIncome": 1010,
"currentAccountIdentity": 60
}
}Limitations and assumptions
- Use consistent currency, accounting coverage, and period; this identity does not forecast adjustment or verify a balance-of-payments dataset.
- Inputs must satisfy both the field types and the cross-field conditions above. Invalid input causes an error; a successful false flag or documented placeholder is a different result.
- Numeric calculations use binary floating point unless exact decimal-integer arithmetic is explicitly stated. No hidden measurement tolerance or decimal rounding is added; nonfinite or out-of-contract results are rejected. Numeric signed-zero results are exported as zero.
Alternative or Complementary methods
Reconcile the full dataset with its accounting and valuation conventions before interpreting a balance or value-added estimate.
References
Similar or alternative tools
- International Capital Flow Stock Valuation Bridge
Add financialTransactions, priceValuation, fxValuation, and otherAdjustments to openingPosition for closingPosition.
- External Account Flow Share
Sum absolute signedFlows for grossAbsoluteFlow and sum flows whose label equals selectedAccount.