Final dates! Join the tutor2u subject teams in London for a day of exam technique and revision at the cinema. Learn more

Topics

Balance of Payments (BoP)

The balance of payments for a country summarises all transactions between residents of a nation and non-residents during a period. It includes the value of trade flows, investment incomes and other financial transactions across national borders.

The balance of payments consists of the goods and services account, the primary income account, the secondary income account, the capital account, and the financial account.

© 2002-2024 Tutor2u Limited. Company Reg no: 04489574. VAT reg no 816865400.