Balance of payments - A statistical compilation formulated by a sovereign nation of all economic transactions between residents of that nation and residents of all other nations during a stipulated period of time, usually a calendar year.
A country"s financial position, with other countries of the world, which is made up of its current account and capital account (or capital movement) over a given period of time.The current account covers the balance of imports and exports.The capital account covers the difference between the capital which the country has invested in other countries, and the capital invested by other countries in it.
Balance of payments : a statistical compilation formulated by a sovereign nation of all economic transactions between residents of that nation and residents of all other nations during a stipulated period of time, usually a calendar year.
a country"s financial position, with other countries of the world, which is made up of its current account and capital account (or capital movement) over a given period of time.the current account covers the balance of imports and exports.the capital account covers the difference between the capital which the country has invested in other countries, and the capital invested by other countries in it.
Balance of payments