What does the current account in the balance of payments primarily measure?

The current account in the balance of payments primarily measures a country's economic transactions with the rest of the world over a specific period. It includes trade in goods and services, income from investments, and transfers like foreign aid. For example, if a country exports more goods than it imports, it will have a surplus in its current account, meaning it earns more money from other countries than it spends. This account helps to show how well a country is doing in terms of international trade and financial exchanges. By analyzing the current account, economists can understand the country's economic health and its relationship with other economies.