balance of payments (BOP)
Definition
Set of accounts that record a country's international transactions, and which (because double entry bookkeeping is used) always balance out with no surplus or deficit shown on the overall basis. A surplus or deficit, however, can be shown in any of its three component accounts: (1) Current account, covers export and import of goods and services, (2) Capital account, covers investment inflows and outflows, and (3) Gold account, covers gold inflows and outflows. BOP accounting serves to highlight a country's competitive strengths and weaknesses, and helps in achieving balanced economic-growth.
balance of payments (BOP) is in the Economics, Politics, & Society and International Trade & Relations subjects.
balance of payments (BOP) appears in the definitions of the following terms:
trade deficit,
invisible exports,
unilateral transfers,
current account balance (CAB),
adjustments,
enhanced structural adjustment facility (ESAF),
macroeconomics,
devaluation,
exchange controls,
deflation
and
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