Balance Of Payment
Definition
National account of a country
Measure all financial transactions and flow of currencies into and out of the economy
Within a particular period, usually a year
Structure & Calculation of BOP
The Current Account
Goods
Export
Import
Service
Net Freight & Insurance
Transportation
Travel
Government Transaction
Other Services
Primary
Compensation of Employees
Investment Income
Direct Income
Portfolio Income
Other Income
Secondary
Current Transfer
The Capital & Financial Account
Long Term
Short Term
Direct Investment
Portfolio Investment
Other Investment
The Errors & Omission
Errors & Omission
Reserve Assets
Equilibrium & Disequilibrium
Surplus
Positive
Deficit
Negative
Subtopic
Economic Effect
Lower Economic Growth
Local Producer Incur Loss
Deplete Reserves
Increase Indebtness