Trade
Balance of Payments
Also known as: BOP, International balance of payments
An accounting record of all economic transactions between a country's residents and the rest of the world during a given period.
Also known as: BOP, International balance of payments
An accounting record of all economic transactions between a country's residents and the rest of the world during a given period.
The balance of payments is the systematic record of all economic transactions between a country's residents and the rest of the world. It includes the current account (trade in goods and services, remittances), the capital account (investments), and changes in international reserves.
Trade Balance
An economic indicator recording the difference between the value of a country's exports and imports of goods during a determined period.
TradeTrade Deficit
An economic situation where a country's goods imports exceed its exports during a determined period, resulting in a negative trade balance.
TradeTrade Surplus
An economic situation where a country's goods exports exceed its imports during a determined period, resulting in a positive trade balance.
TradeDefinitive Export
Customs regime allowing goods to leave the country to remain abroad indefinitely.