2.6.3 The balance of payments
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What the balance of payments records

What the balance of payments records

Schematic tree of the balance of payments with current, capital and financial accounts and the four parts of the current account labelled

The balance of payments is a record of all economic transactions between residents of one country and the rest of the world over a period of time. A resident means the person, firm, bank, or government body is mainly based in that country economically, rather than simply holding that nationality.

2.6.3 The balance of payments Lesson

  1. A Level
  2. /Economics
  3. /2.6.3 The balance of payments