Our Data Insights library goes deeper into hot topics and critical world issues. Looking for more? Learn about how we integrate data and expert visualization services with our intelligent tools, custom situation rooms, and enterprise data portals.
The description is composed by Yodatai, our digital data assistant. Have a question? Ask Yodatai ›
1948 January - 2016 October
Wednesday, 25 January 2017
Monday, 13 February 2017
Next release date:
Tuesday, 25 April 2017
The Balance of Payments provides a framework that is applicable for a range of economies, from the smallest and least developed economies to the more advanced and complex economies. As a result, it is recognized that some items may not be relevant in all cases. The balance of payments is a statistical statement that summarizes transactions between residents and nonresidents during a period. It consists of the goods and services account, the primary income account, the secondary income account, the capital account, and the financial account. Under the double-entry accounting system that underlies the balance of payments, each transaction is recorded as consisting of two entries and the sum of the credit entries and the sum of the debit entries is the same. The different accounts within the balance of payments are distinguished according to the nature of the economic resources provided and received.
Are you sure you want to send the dataset for verification?