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Mapping the balance of payments

Mapping the balance of payments

The balance of payments is a systematic record of all economic transactions between a country's residents and the rest of the world over a period, usually one year. It includes:

  • the current account: trade in goods, trade in services, primary income and secondary income;
  • the capital account: capital transfers and transactions in non-produced, non-financial assets;
  • the financial account: direct investment, portfolio investment, other investment, financial derivatives and reserve assets.

11.1.1 components of the balance of payments accounts: current account, financial account and capital account Lesson

  1. Intl A Level
  2. /Economics
  3. /11.1.1 components of the balance of payments accounts: current account, financial account and capital account

Step-by-step lessons on CIE Intl A Level Economics 11.1.1 components of the balance of payments accounts: current account, financial account and capital account. Each one builds up to exam-style questions.

Lessons