External Sector
Balance of Payments
The balance of payments is a statistical statement that summarizes, for a specific period, the economic transactions of an economy with the rest of the world. The balance of payments breaks down into two major parts, a real economy section and a financial section. Real transactions are primarily depicted in the current account, while financial transactions are mainly captured by the financial account.
Balance of payments, financial account and country classification
The balance of payments is a statistical statement that summarizes, for a specific period, the economic transactions of an economy with the rest of the world. The balance of payments breaks down into two major parts, a real economy section and a financial section. …