The capital account shows credit and debit entries for non-produced non-financial assets and capital transfers between residents and non-residents.
Non-produced non-financial assets consist of land and other tangible non-produced assets that may be used in the production of goods and services, and intangible non-produced assets (e.g. land sold to embassies and sales of licenses).
Capital transfers are transactions, either in cash or in kind, in which the ownership of an asset (other than cash and inventories) is transferred from one institutional unit to another, or in which cash is transferred to enable the recipient to acquire another asset, or in which the funds realised by the disposal of another asset are transferred (e.g. debt forgiveness).
