international economics

English-language economic definitions generated from approved international institutional sources.

balance of payments (b.o.p.)

Balance of payments statistics show how an economy interacts financially with non-residents during a given period, covering relevant international receipts, payments and other transactions. They support assessment of external-sector developments, economic policymaking and comparisons across countries. Their compilation and presentation follow the internationally harmonised framework set out in the IMF's Balance of Payments and International… read more »

Sidebar