Meaning of BALANCE OF PAYMENTS in English


A statistical statement that summarises, for a specific period of time, the economic transactions of an economy with the rest of the world. The transactions considered are those involving goods, services and income, those involving financial claims on, and liabilities to, the rest of the world and those that are classified as transfers (such as debt forgiveness).

European Central Bank English Glossary.      Английский глоссарий Европейского Центрального Банка.