Balance of Payments (BOP)

Also known as Balance of International Payments, this refers to all of the economic transactions conducted by a country within a given period by individuals, companies and the government itself.

BOP is an important economic indicator because a country’s balance of payments reveals a great deal about it, from the demand for its national currency and its suitability as a trading partner to how economically competitive it is on the world stage.

Unlike trade balance figures, which often show a deficit or surplus, BOP should always sum to zero when all transactions (goods, services, capital, transfers etc.) are included.

visa mastercard paypal transfer skrill sofort giropay trustly

Open your EverFX account

It takes only a few minutes and even fewer clicks to enter the promising and exciting world of trading. Take the first step by clicking on the link below.
Trading involves significant risk of loss