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What (who) is Balance of Payments - definition

CONCEPT IN INTERNATIONAL ECONOMICS

Balance of Payments; Balance-of-payments; Balance of Payment; Trade gap; Account balance; International balance of payments; Capital movement; Balance-of-payment; Balance of payment; Global balance of payments; Balance payments; Payments balance; Reserve asset

balance of payments

(balances of payments)

A country's balance of payments is the difference, over a period of time, between the payments it makes to other countries for imports and the payments it receives from other countries for exports. (BUSINESS)

Britain's balance of payments deficit has improved slightly.

N-COUNT: usu sing

balance of payments

the difference in total value between payments into and out of a country over a period.

Balance of Payments

The balance of payments is a statistical summary of international transactions. These transactions are defined as the transfer of ownership of something that has an economic value measurable in monetary terms from residents of one country to residents of

Wikipedia

Balance of payments

In international economics, the balance of payments (also known as balance of international payments and abbreviated BOP or BoP) of a country is the difference between all money flowing into the country in a particular period of time (e.g., a quarter or a year) and the outflow of money to the rest of the world. These financial transactions are made by individuals, firms and government bodies to compare receipts and payments arising out of trade of goods and services.

The balance of payments consists of two components: the current account and the capital account. The current account reflects a country's net income, while the capital account reflects the net change in ownership of national assets.

https://en.wikipedia.org/wiki/Balance of payments

Examples of use of Balance of Payments

1. Governments will find their balance of payments strained.

2. Nonetheless, relatively high inflation and the burgeoning balance of payments deficit are serious challenges.

3. But Britain‘s balance of payments on the travel account widened further to more than 17bn.

4. Turkey was "potentially set up" for another balance of payments crisis.

5. Inflation and this country‘s balance of payments situation are far more important than lowering interest rates.