A B C D E F G H I J K L M N O P Q R S T U V W Z

Balance of payments

A statistical summary of international transactions. These transactions are defined as the transfer of ownership of something that has economic value in monetary terms from residents of one country to residents of another. The transfer may include goods (tangibles), services…

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Balance of trade

The difference between a country´s total merchandise exports and imports for a specific time period. If exports exceeds imports, a country is said to have a favourable balance of trade (trade superavit); if not, the trade balance is unfavourable (trade…

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