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The balance of payments of a country is a systematic record of
all import and export transactions of a country during a given period of time, normally a year
goods exported from a country during a year
economic transaction between the government of one country to another.
capital movements from one country to another
The balance of payments (BoP) record the transactions in goods, services and assets between residents of a country with the rest of the world for a specified time period typically a year. These transactions consist of imports and exports of goods, services and capital, as well as transfer payments, such as foreign aid and remittances.
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