Sources of information on the balance of payments are: Customs statistics – transactions with goods registered by the customs authorities. The customs authorities record in their reports the value of consignments of goods exported and imported into the country, as they are declared by suppliers. The main errors may arise in connection with the overestimation […]
Tag: Operations
Determination of the balance of payments
Balance of payments is a statistical report that systematically provides summary data on the foreign economic transactions of a given country with other countries of the world for a certain period of time. At the highest possible level of generalization, the balance of payments consists of: flows of real resources – exports and imports of […]