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 (intangibles), income on investment and financial claims on, and liability to, the rest of the world, including changes in a country´s reserve assets held by the central monetary authorities. Many governments and central banks break down the Balance of Payment to its component subtotals, such as balance of trade, balance of services, balance on investment income, balance on transfers or balance of capital (long and short terms).