The balance of payments is a comprehensive record of all economic transactions between the residents of one country and the rest of the world over a specific period. It includes trade in goods and services, financial transfers, and investments.
A situation where a country's imports exceed its exports, indicating it is spending more on foreign trade than it is earning.
Part of the balance of payments that includes transactions in goods, services, investment incomes, and current transfers.
This component of the balance of payments records all transactions involving the purchase or sale of assets between residents and non-residents