Keywords

#balance_of_payments

Balance of payments

Difference between the inflow and outflow of money to a country at a given time

In international economics, the balance of payments of a country is the difference between all money flowing into the country in a particular period of time and the outflow of money to the rest of the world. In other words, it is economic transactions between countries during a period of time. These financial transactions are made by individuals, firms and government bodies to compare receipts and payments arising out of trade of goods and services.

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Balance of payments Current account (balance of payments) Currency crisis List of sovereign states by current account balance Balance of trade IMF Balance of Payments Manual Net foreign assets Accounting identity United States federal budget Bretton Woods system
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