Balance of payments/Addendum: Difference between revisions
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According to the IMF ''Balance of Payments Manual''[http://www.imf.org/external/np/sta/bop/BOPman.pdf] the balance of payments is made up of transactions involving: goods, services and income; financial claims and liabilities; and gifts classified as transfers, and comprises two main groups of accounts: | |||
* a current account pertaining to goods and services, income, and current transfers; and | |||
* a capital and financial account pertaining to capital transfers and assets and financial assets and liabilities. | |||
Revision as of 07:03, 6 June 2009
According to the IMF Balance of Payments Manual[1] the balance of payments is made up of transactions involving: goods, services and income; financial claims and liabilities; and gifts classified as transfers, and comprises two main groups of accounts:
- a current account pertaining to goods and services, income, and current transfers; and
- a capital and financial account pertaining to capital transfers and assets and financial assets and liabilities.