Balance of payments

Difference between the inflow and outflow of money to a country at a given time

In international economics, the balance of payments (also known as balance of international payments and abbreviated BOP or BoP) of a country is the difference between all money flowing into the country in a particular period of time (e.g., a quarter or a year) and the outflow of money to the rest of the world. These financial transactions are made by individuals, firms and government bodies. BoP compares receipts and payments arising out of trade of goods and services as well as international investment.

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