Balance of payments

The balance of payments (BOP), also known as balance of international payments, summarizes all transactions that a country’s individuals, companies and government bodies complete with individuals, companies and government bodies outside the country. These transactions consist of imports and exports of goods, services and capital, as well as transfer payments, such as foreign aid and remittances—Read more at Investopedia. Kenton, Will. “Balance of Payments (BOP).” 28 October 2019.