Net secondary income (BoP, current US$)

value: World Development Indicators

value: Economy & Growth

Antigua and Barbuda

iso2Code: AG

iso2code: ZJ

value: Latin America & Caribbean

capitalCity: Saint John's

country_code: ATG

country_name: Antigua and Barbuda

value: Economic Policy & Debt: Balance of payments: Current account: Transfers

value:
The balance of payments (BoP) is a double-entry accounting system that shows all flows of goods and services into and out of an economy; all transfers that are the counterpart of real resources or financial claims provided to or by the rest of the world without a quid pro quo, such as donations and grants; and all changes in residents' claims on and liabilities to nonresidents that arise from economic transactions. All transactions are recorded twice - once as a credit and once as a debit. In principle the net balance should be zero, but in practice the accounts often do not balance, requiring inclusion of a balancing item, net errors and omissions.

The concepts and definitions underlying the data are based on the sixth edition of the International Monetary Fund's (IMF) Balance of Payments Manual (BPM6). Balance of payments data for 2005 onward will be presented in accord with the BPM6. The historical BPM5 data series will end with data for 2008, which can be accessed through the World Development Indicators archives.

The complete balance of payments methodology can be accessed through the International Monetary Fund website (www.imf.org/external/np/sta/bop/bop.htm).


sourceNone: Secondary income refers to transfers recorded in the balance of payments whenever an economy provides or receives goods, services, income, or financial items without a quid pro quo. All transfers not considered to be capital are current. Data are in current U.S. dollars.

Australia

iso2Code: AU

value: East Asia & Pacific

iso2code: XD

value: High income

iso2code: XX

value: Not classified

capitalCity: Canberra

country_code: AUS

country_name: Australia

value: Net secondary income (BoP, current US$)

value: CC BY-4.0

value:
The balance of payments records an economy’s transactions with the rest of the world. Balance of payments accounts are divided into two groups: the current account, which records transactions in goods, services, primary income, and secondary income, and the capital and financial account, which records capital transfers, acquisition or disposal of nonproduced, nonfinancial assets, and transactions in financial assets and liabilities. The current account balance is one of the most analytically useful indicators of an external imbalance.

A primary purpose of the balance of payments accounts is to indicate the need to adjust an external imbalance. Where to draw the line for analytical purposes requires a judgment concerning the imbalance that best indicates the need for adjustment. There are a number of definitions in common use for this and related analytical purposes. The trade balance is the difference between exports and imports of goods. From an analytical view it is arbitrary to distinguish goods from services. For example, a unit of foreign exchange earned by a freight company strengthens the balance of payments to the same extent as the foreign exchange earned by a goods exporter. Even so, the trade balance is useful because it is often the most timely indicator of trends in the current account balance. Customs authorities are typically able to provide data on trade in goods long before data on trade in services are available.

value: Note: Data are based on the sixth edition of the IMF's Balance of Payments Manual (BPM6) and are only available from 2005 onwards.

value: Annual

value: Discrepancies may arise in the balance of payments because there is no single source for balance of payments data and therefore no way to ensure that the data are fully consistent. Sources include customs data, monetary accounts of the banking system, external debt records, information provided by enterprises, surveys to estimate service transactions, and foreign exchange records. Differences in collection methods - such as in timing, definitions of residence and ownership, and the exchange rate used to value transactions - contribute to net errors and omissions. In addition, smuggling and other illegal or quasi-legal transactions may be unrecorded or misrecorded.

value: International Monetary Fund, Balance of Payments Statistics Yearbook and data files.

schema: wb


Net secondary income (BoP, current US$)

Austria

iso2Code: AT

value: Europe & Central Asia

capitalCity: Vienna

country_code: AUT

country_name: Austria

value: Secondary income refers to transfers recorded in the balance of payments whenever an economy provides or receives goods, services, income, or financial items without a quid pro quo. All transfers not considered to be capital are current. Data are in current U.S. dollars.


value: World Development Indicators

Azerbaijan

iso2Code: AZ

value: Europe & Central Asia (excluding high income)

iso2code: XT

value: Upper middle income

iso2code: XF

value: IBRD

capitalCity: Baku

country_code: AZE

country_name: Azerbaijan


Net secondary income (BoP, current US$)

value: Economy & Growth

Burundi

iso2Code: BI

iso2code: ZG

value: Sub-Saharan Africa

iso2code: ZF

value: Sub-Saharan Africa (excluding high income)

iso2code: XM

value: Low income

iso2code: XI

value: IDA

capitalCity: Bujumbura

country_code: BDI

country_name: Burundi

value: Economic Policy & Debt: Balance of payments: Current account: Transfers

value:
The balance of payments (BoP) is a double-entry accounting system that shows all flows of goods and services into and out of an economy; all transfers that are the counterpart of real resources or financial claims provided to or by the rest of the world without a quid pro quo, such as donations and grants; and all changes in residents' claims on and liabilities to nonresidents that arise from economic transactions. All transactions are recorded twice - once as a credit and once as a debit. In principle the net balance should be zero, but in practice the accounts often do not balance, requiring inclusion of a balancing item, net errors and omissions.

The concepts and definitions underlying the data are based on the sixth edition of the International Monetary Fund's (IMF) Balance of Payments Manual (BPM6). Balance of payments data for 2005 onward will be presented in accord with the BPM6. The historical BPM5 data series will end with data for 2008, which can be accessed through the World Development Indicators archives.

The complete balance of payments methodology can be accessed through the International Monetary Fund website (www.imf.org/external/np/sta/bop/bop.htm).


Belgium

iso2Code: BE

value: High income

value: Not classified

capitalCity: Brussels

country_code: BEL

country_name: Belgium

value: Net secondary income (BoP, current US$)

value: CC BY-4.0

value:
The balance of payments records an economy’s transactions with the rest of the world. Balance of payments accounts are divided into two groups: the current account, which records transactions in goods, services, primary income, and secondary income, and the capital and financial account, which records capital transfers, acquisition or disposal of nonproduced, nonfinancial assets, and transactions in financial assets and liabilities. The current account balance is one of the most analytically useful indicators of an external imbalance.

A primary purpose of the balance of payments accounts is to indicate the need to adjust an external imbalance. Where to draw the line for analytical purposes requires a judgment concerning the imbalance that best indicates the need for adjustment. There are a number of definitions in common use for this and related analytical purposes. The trade balance is the difference between exports and imports of goods. From an analytical view it is arbitrary to distinguish goods from services. For example, a unit of foreign exchange earned by a freight company strengthens the balance of payments to the same extent as the foreign exchange earned by a goods exporter. Even so, the trade balance is useful because it is often the most timely indicator of trends in the current account balance. Customs authorities are typically able to provide data on trade in goods long before data on trade in services are available.

value: Note: Data are based on the sixth edition of the IMF's Balance of Payments Manual (BPM6) and are only available from 2005 onwards.


Net secondary income (BoP, current US$)

value: World Development Indicators

Benin

iso2Code: BJ

iso2code: XN

value: Lower middle income

capitalCity: Porto-Novo

country_code: BEN

country_name: Benin

value: Annual

value: Discrepancies may arise in the balance of payments because there is no single source for balance of payments data and therefore no way to ensure that the data are fully consistent. Sources include customs data, monetary accounts of the banking system, external debt records, information provided by enterprises, surveys to estimate service transactions, and foreign exchange records. Differences in collection methods - such as in timing, definitions of residence and ownership, and the exchange rate used to value transactions - contribute to net errors and omissions. In addition, smuggling and other illegal or quasi-legal transactions may be unrecorded or misrecorded.

value: Secondary income refers to transfers recorded in the balance of payments whenever an economy provides or receives goods, services, income, or financial items without a quid pro quo. All transfers not considered to be capital are current. Data are in current U.S. dollars.

value: International Monetary Fund, Balance of Payments Statistics Yearbook and data files.


value: Economy & Growth

Burkina Faso

iso2Code: BF

value: Sub-Saharan Africa

value: Sub-Saharan Africa (excluding high income)

capitalCity: Ouagadougou

country_code: BFA

country_name: Burkina Faso


Net secondary income (BoP, current US$)

Bangladesh

iso2Code: BD

value: South Asia

value: IDA

capitalCity: Dhaka

country_code: BGD

country_name: Bangladesh

value: Economic Policy & Debt: Balance of payments: Current account: Transfers


Bulgaria

iso2Code: BG

value: Europe & Central Asia

value: Europe & Central Asia (excluding high income)

value: Upper middle income

value: IBRD

capitalCity: Sofia

country_code: BGR

country_name: Bulgaria

value:
The balance of payments (BoP) is a double-entry accounting system that shows all flows of goods and services into and out of an economy; all transfers that are the counterpart of real resources or financial claims provided to or by the rest of the world without a quid pro quo, such as donations and grants; and all changes in residents' claims on and liabilities to nonresidents that arise from economic transactions. All transactions are recorded twice - once as a credit and once as a debit. In principle the net balance should be zero, but in practice the accounts often do not balance, requiring inclusion of a balancing item, net errors and omissions.

The concepts and definitions underlying the data are based on the sixth edition of the International Monetary Fund's (IMF) Balance of Payments Manual (BPM6). Balance of payments data for 2005 onward will be presented in accord with the BPM6. The historical BPM5 data series will end with data for 2008, which can be accessed through the World Development Indicators archives.

The complete balance of payments methodology can be accessed through the International Monetary Fund website (www.imf.org/external/np/sta/bop/bop.htm).


Net secondary income (BoP, current US$)

value: World Development Indicators

Bahrain

iso2Code: BH

iso2code: ZQ

value: Middle East & North Africa

iso2code: XD

value: High income

value: Not classified

capitalCity: Manama

country_code: BHR

country_name: Bahrain

value: Net secondary income (BoP, current US$)

value: CC BY-4.0

value:
The balance of payments records an economy’s transactions with the rest of the world. Balance of payments accounts are divided into two groups: the current account, which records transactions in goods, services, primary income, and secondary income, and the capital and financial account, which records capital transfers, acquisition or disposal of nonproduced, nonfinancial assets, and transactions in financial assets and liabilities. The current account balance is one of the most analytically useful indicators of an external imbalance.

A primary purpose of the balance of payments accounts is to indicate the need to adjust an external imbalance. Where to draw the line for analytical purposes requires a judgment concerning the imbalance that best indicates the need for adjustment. There are a number of definitions in common use for this and related analytical purposes. The trade balance is the difference between exports and imports of goods. From an analytical view it is arbitrary to distinguish goods from services. For example, a unit of foreign exchange earned by a freight company strengthens the balance of payments to the same extent as the foreign exchange earned by a goods exporter. Even so, the trade balance is useful because it is often the most timely indicator of trends in the current account balance. Customs authorities are typically able to provide data on trade in goods long before data on trade in services are available.

value: Note: Data are based on the sixth edition of the IMF's Balance of Payments Manual (BPM6) and are only available from 2005 onwards.


value: Economy & Growth

Bahamas, The

iso2Code: BS

iso2code: ZJ

value: Latin America & Caribbean

iso2code: XX

capitalCity: Nassau

country_code: BHS

country_name: Bahamas, The

value: Annual

value: Discrepancies may arise in the balance of payments because there is no single source for balance of payments data and therefore no way to ensure that the data are fully consistent. Sources include customs data, monetary accounts of the banking system, external debt records, information provided by enterprises, surveys to estimate service transactions, and foreign exchange records. Differences in collection methods - such as in timing, definitions of residence and ownership, and the exchange rate used to value transactions - contribute to net errors and omissions. In addition, smuggling and other illegal or quasi-legal transactions may be unrecorded or misrecorded.

value: Secondary income refers to transfers recorded in the balance of payments whenever an economy provides or receives goods, services, income, or financial items without a quid pro quo. All transfers not considered to be capital are current. Data are in current U.S. dollars.

value: International Monetary Fund, Balance of Payments Statistics Yearbook and data files.


Net secondary income (BoP, current US$)

Bosnia and Herzegovina

iso2Code: BA

value: Europe & Central Asia

value: Europe & Central Asia (excluding high income)

iso2code: XT

value: Upper middle income

iso2code: XF

capitalCity: Sarajevo

country_code: BIH

country_name: Bosnia and Herzegovina

value: Economic Policy & Debt: Balance of payments: Current account: Transfers


value: World Development Indicators

Belarus

iso2Code: BY

value: IBRD

capitalCity: Minsk

country_code: BLR

country_name: Belarus

value:
The balance of payments (BoP) is a double-entry accounting system that shows all flows of goods and services into and out of an economy; all transfers that are the counterpart of real resources or financial claims provided to or by the rest of the world without a quid pro quo, such as donations and grants; and all changes in residents' claims on and liabilities to nonresidents that arise from economic transactions. All transactions are recorded twice - once as a credit and once as a debit. In principle the net balance should be zero, but in practice the accounts often do not balance, requiring inclusion of a balancing item, net errors and omissions.

The concepts and definitions underlying the data are based on the sixth edition of the International Monetary Fund's (IMF) Balance of Payments Manual (BPM6). Balance of payments data for 2005 onward will be presented in accord with the BPM6. The historical BPM5 data series will end with data for 2008, which can be accessed through the World Development Indicators archives.

The complete balance of payments methodology can be accessed through the International Monetary Fund website (www.imf.org/external/np/sta/bop/bop.htm).


Net secondary income (BoP, current US$)

Belize

iso2Code: BZ

iso2code: XJ

value: Latin America & Caribbean (excluding high income)

capitalCity: Belmopan

country_code: BLZ

country_name: Belize

value: Net secondary income (BoP, current US$)


Bermuda

iso2Code: BM

iso2code: XU

value: North America

value: High income

value: Not classified

capitalCity: Hamilton

country_code: BMU

country_name: Bermuda

value: CC BY-4.0

value:
The balance of payments records an economy’s transactions with the rest of the world. Balance of payments accounts are divided into two groups: the current account, which records transactions in goods, services, primary income, and secondary income, and the capital and financial account, which records capital transfers, acquisition or disposal of nonproduced, nonfinancial assets, and transactions in financial assets and liabilities. The current account balance is one of the most analytically useful indicators of an external imbalance.

A primary purpose of the balance of payments accounts is to indicate the need to adjust an external imbalance. Where to draw the line for analytical purposes requires a judgment concerning the imbalance that best indicates the need for adjustment. There are a number of definitions in common use for this and related analytical purposes. The trade balance is the difference between exports and imports of goods. From an analytical view it is arbitrary to distinguish goods from services. For example, a unit of foreign exchange earned by a freight company strengthens the balance of payments to the same extent as the foreign exchange earned by a goods exporter. Even so, the trade balance is useful because it is often the most timely indicator of trends in the current account balance. Customs authorities are typically able to provide data on trade in goods long before data on trade in services are available.


Net secondary income (BoP, current US$)

value: Economy & Growth

Bolivia

iso2Code: BO

value: Latin America & Caribbean

iso2code: XN

value: Lower middle income

capitalCity: La Paz

country_code: BOL

country_name: Bolivia

value: Note: Data are based on the sixth edition of the IMF's Balance of Payments Manual (BPM6) and are only available from 2005 onwards.

value: Annual

value: Discrepancies may arise in the balance of payments because there is no single source for balance of payments data and therefore no way to ensure that the data are fully consistent. Sources include customs data, monetary accounts of the banking system, external debt records, information provided by enterprises, surveys to estimate service transactions, and foreign exchange records. Differences in collection methods - such as in timing, definitions of residence and ownership, and the exchange rate used to value transactions - contribute to net errors and omissions. In addition, smuggling and other illegal or quasi-legal transactions may be unrecorded or misrecorded.


Brazil

iso2Code: BR

value: Upper middle income

capitalCity: Brasilia

country_code: BRA

country_name: Brazil

value: Secondary income refers to transfers recorded in the balance of payments whenever an economy provides or receives goods, services, income, or financial items without a quid pro quo. All transfers not considered to be capital are current. Data are in current U.S. dollars.

value: International Monetary Fund, Balance of Payments Statistics Yearbook and data files.

value: Economic Policy & Debt: Balance of payments: Current account: Transfers


Net secondary income (BoP, current US$)

value: World Development Indicators

Barbados

iso2Code: BB

capitalCity: Bridgetown

country_code: BRB

country_name: Barbados

value:
The balance of payments (BoP) is a double-entry accounting system that shows all flows of goods and services into and out of an economy; all transfers that are the counterpart of real resources or financial claims provided to or by the rest of the world without a quid pro quo, such as donations and grants; and all changes in residents' claims on and liabilities to nonresidents that arise from economic transactions. All transactions are recorded twice - once as a credit and once as a debit. In principle the net balance should be zero, but in practice the accounts often do not balance, requiring inclusion of a balancing item, net errors and omissions.

The concepts and definitions underlying the data are based on the sixth edition of the International Monetary Fund's (IMF) Balance of Payments Manual (BPM6). Balance of payments data for 2005 onward will be presented in accord with the BPM6. The historical BPM5 data series will end with data for 2008, which can be accessed through the World Development Indicators archives.

The complete balance of payments methodology can be accessed through the International Monetary Fund website (www.imf.org/external/np/sta/bop/bop.htm).


Brunei Darussalam

iso2Code: BN

value: East Asia & Pacific

capitalCity: Bandar Seri Begawan

country_code: BRN

country_name: Brunei Darussalam

value: Net secondary income (BoP, current US$)


Net secondary income (BoP, current US$)

Bhutan

iso2Code: BT

value: South Asia

iso2code: XI

value: IDA

capitalCity: Thimphu

country_code: BTN

country_name: Bhutan


Botswana

iso2Code: BW

iso2code: ZG

value: Sub-Saharan Africa

iso2code: ZF

value: Sub-Saharan Africa (excluding high income)

value: IBRD

capitalCity: Gaborone

country_code: BWA

country_name: Botswana

value: CC BY-4.0

value:
The balance of payments records an economy’s transactions with the rest of the world. Balance of payments accounts are divided into two groups: the current account, which records transactions in goods, services, primary income, and secondary income, and the capital and financial account, which records capital transfers, acquisition or disposal of nonproduced, nonfinancial assets, and transactions in financial assets and liabilities. The current account balance is one of the most analytically useful indicators of an external imbalance.

A primary purpose of the balance of payments accounts is to indicate the need to adjust an external imbalance. Where to draw the line for analytical purposes requires a judgment concerning the imbalance that best indicates the need for adjustment. There are a number of definitions in common use for this and related analytical purposes. The trade balance is the difference between exports and imports of goods. From an analytical view it is arbitrary to distinguish goods from services. For example, a unit of foreign exchange earned by a freight company strengthens the balance of payments to the same extent as the foreign exchange earned by a goods exporter. Even so, the trade balance is useful because it is often the most timely indicator of trends in the current account balance. Customs authorities are typically able to provide data on trade in goods long before data on trade in services are available.


Net secondary income (BoP, current US$)

value: Economy & Growth

Central African Republic

iso2Code: CF

iso2code: XM

value: Low income

capitalCity: Bangui

country_code: CAF

country_name: Central African Republic

value: Note: Data are based on the sixth edition of the IMF's Balance of Payments Manual (BPM6) and are only available from 2005 onwards.

value: Annual


Canada

iso2Code: CA

value: North America

iso2code: XD

value: High income

iso2code: XX

value: Not classified

capitalCity: Ottawa

country_code: CAN

country_name: Canada

value: Discrepancies may arise in the balance of payments because there is no single source for balance of payments data and therefore no way to ensure that the data are fully consistent. Sources include customs data, monetary accounts of the banking system, external debt records, information provided by enterprises, surveys to estimate service transactions, and foreign exchange records. Differences in collection methods - such as in timing, definitions of residence and ownership, and the exchange rate used to value transactions - contribute to net errors and omissions. In addition, smuggling and other illegal or quasi-legal transactions may be unrecorded or misrecorded.

value: Secondary income refers to transfers recorded in the balance of payments whenever an economy provides or receives goods, services, income, or financial items without a quid pro quo. All transfers not considered to be capital are current. Data are in current U.S. dollars.

value: International Monetary Fund, Balance of Payments Statistics Yearbook and data files.


Net secondary income (BoP, current US$)

value: World Development Indicators

Central Europe and the Baltics

value: Aggregates

country_code: CEB

country_name: Central Europe and the Baltics

value: Net secondary income (BoP, current US$)

value: Economic Policy & Debt: Balance of payments: Current account: Transfers

value:
The balance of payments (BoP) is a double-entry accounting system that shows all flows of goods and services into and out of an economy; all transfers that are the counterpart of real resources or financial claims provided to or by the rest of the world without a quid pro quo, such as donations and grants; and all changes in residents' claims on and liabilities to nonresidents that arise from economic transactions. All transactions are recorded twice - once as a credit and once as a debit. In principle the net balance should be zero, but in practice the accounts often do not balance, requiring inclusion of a balancing item, net errors and omissions.

The concepts and definitions underlying the data are based on the sixth edition of the International Monetary Fund's (IMF) Balance of Payments Manual (BPM6). Balance of payments data for 2005 onward will be presented in accord with the BPM6. The historical BPM5 data series will end with data for 2008, which can be accessed through the World Development Indicators archives.

The complete balance of payments methodology can be accessed through the International Monetary Fund website (www.imf.org/external/np/sta/bop/bop.htm).


Switzerland

iso2Code: CH

value: Europe & Central Asia

capitalCity: Bern

country_code: CHE

country_name: Switzerland

value: CC BY-4.0


Net secondary income (BoP, current US$)

value: Economy & Growth

Channel Islands

iso2Code: JG

country_code: CHI

country_name: Channel Islands

value:
The balance of payments records an economy’s transactions with the rest of the world. Balance of payments accounts are divided into two groups: the current account, which records transactions in goods, services, primary income, and secondary income, and the capital and financial account, which records capital transfers, acquisition or disposal of nonproduced, nonfinancial assets, and transactions in financial assets and liabilities. The current account balance is one of the most analytically useful indicators of an external imbalance.

A primary purpose of the balance of payments accounts is to indicate the need to adjust an external imbalance. Where to draw the line for analytical purposes requires a judgment concerning the imbalance that best indicates the need for adjustment. There are a number of definitions in common use for this and related analytical purposes. The trade balance is the difference between exports and imports of goods. From an analytical view it is arbitrary to distinguish goods from services. For example, a unit of foreign exchange earned by a freight company strengthens the balance of payments to the same extent as the foreign exchange earned by a goods exporter. Even so, the trade balance is useful because it is often the most timely indicator of trends in the current account balance. Customs authorities are typically able to provide data on trade in goods long before data on trade in services are available.


Chile

iso2Code: CL

iso2code: ZJ

value: Latin America & Caribbean

iso2code: XF

value: IBRD

capitalCity: Santiago

country_code: CHL

country_name: Chile

value: Note: Data are based on the sixth edition of the IMF's Balance of Payments Manual (BPM6) and are only available from 2005 onwards.


Net secondary income (BoP, current US$)

China

iso2Code: CN

value: East Asia & Pacific

value: East Asia & Pacific (excluding high income)

iso2code: XT

value: Upper middle income

capitalCity: Beijing

country_code: CHN

country_name: China

value: Annual


Cote d'Ivoire

iso2Code: CI

value: Sub-Saharan Africa

value: Sub-Saharan Africa (excluding high income)

iso2code: XN

value: Lower middle income

value: IDA

capitalCity: Yamoussoukro

country_code: CIV

country_name: Côte d'Ivoire

value: Discrepancies may arise in the balance of payments because there is no single source for balance of payments data and therefore no way to ensure that the data are fully consistent. Sources include customs data, monetary accounts of the banking system, external debt records, information provided by enterprises, surveys to estimate service transactions, and foreign exchange records. Differences in collection methods - such as in timing, definitions of residence and ownership, and the exchange rate used to value transactions - contribute to net errors and omissions. In addition, smuggling and other illegal or quasi-legal transactions may be unrecorded or misrecorded.

value: Secondary income refers to transfers recorded in the balance of payments whenever an economy provides or receives goods, services, income, or financial items without a quid pro quo. All transfers not considered to be capital are current. Data are in current U.S. dollars.

value: International Monetary Fund, Balance of Payments Statistics Yearbook and data files.


Net secondary income (BoP, current US$)

value: World Development Indicators

Cameroon

iso2Code: CM

iso2code: XH

value: Blend

capitalCity: Yaounde

country_code: CMR

country_name: Cameroon

value: Net secondary income (BoP, current US$)

value: CC BY-4.0

value: Economic Policy & Debt: Balance of payments: Current account: Transfers

value:
The balance of payments (BoP) is a double-entry accounting system that shows all flows of goods and services into and out of an economy; all transfers that are the counterpart of real resources or financial claims provided to or by the rest of the world without a quid pro quo, such as donations and grants; and all changes in residents' claims on and liabilities to nonresidents that arise from economic transactions. All transactions are recorded twice - once as a credit and once as a debit. In principle the net balance should be zero, but in practice the accounts often do not balance, requiring inclusion of a balancing item, net errors and omissions.

The concepts and definitions underlying the data are based on the sixth edition of the International Monetary Fund's (IMF) Balance of Payments Manual (BPM6). Balance of payments data for 2005 onward will be presented in accord with the BPM6. The historical BPM5 data series will end with data for 2008, which can be accessed through the World Development Indicators archives.

The complete balance of payments methodology can be accessed through the International Monetary Fund website (www.imf.org/external/np/sta/bop/bop.htm).


value: Economy & Growth

Congo, Dem. Rep.

iso2Code: CD

iso2code: ZG

iso2code: ZF

value: Low income

iso2code: XI

capitalCity: Kinshasa

country_code: COD

country_name: Congo, Dem. Rep.

value:
The balance of payments records an economy’s transactions with the rest of the world. Balance of payments accounts are divided into two groups: the current account, which records transactions in goods, services, primary income, and secondary income, and the capital and financial account, which records capital transfers, acquisition or disposal of nonproduced, nonfinancial assets, and transactions in financial assets and liabilities. The current account balance is one of the most analytically useful indicators of an external imbalance.

A primary purpose of the balance of payments accounts is to indicate the need to adjust an external imbalance. Where to draw the line for analytical purposes requires a judgment concerning the imbalance that best indicates the need for adjustment. There are a number of definitions in common use for this and related analytical purposes. The trade balance is the difference between exports and imports of goods. From an analytical view it is arbitrary to distinguish goods from services. For example, a unit of foreign exchange earned by a freight company strengthens the balance of payments to the same extent as the foreign exchange earned by a goods exporter. Even so, the trade balance is useful because it is often the most timely indicator of trends in the current account balance. Customs authorities are typically able to provide data on trade in goods long before data on trade in services are available.

value: Note: Data are based on the sixth edition of the IMF's Balance of Payments Manual (BPM6) and are only available from 2005 onwards.


Net secondary income (BoP, current US$)

Congo, Rep.

iso2Code: CG

value: Sub-Saharan Africa

capitalCity: Brazzaville

country_code: COG

country_name: Congo, Rep.

value: Annual


Colombia

iso2Code: CO

value: Latin America & Caribbean

iso2code: XJ

value: Latin America & Caribbean (excluding high income)

value: Upper middle income

value: IBRD

capitalCity: Bogota

country_code: COL

country_name: Colombia


Net secondary income (BoP, current US$)

Comoros

iso2Code: KM

value: Sub-Saharan Africa (excluding high income)

value: Lower middle income

value: IDA

capitalCity: Moroni

country_code: COM

country_name: Comoros

value: Discrepancies may arise in the balance of payments because there is no single source for balance of payments data and therefore no way to ensure that the data are fully consistent. Sources include customs data, monetary accounts of the banking system, external debt records, information provided by enterprises, surveys to estimate service transactions, and foreign exchange records. Differences in collection methods - such as in timing, definitions of residence and ownership, and the exchange rate used to value transactions - contribute to net errors and omissions. In addition, smuggling and other illegal or quasi-legal transactions may be unrecorded or misrecorded.

value: Secondary income refers to transfers recorded in the balance of payments whenever an economy provides or receives goods, services, income, or financial items without a quid pro quo. All transfers not considered to be capital are current. Data are in current U.S. dollars.

value: International Monetary Fund, Balance of Payments Statistics Yearbook and data files.


value: World Development Indicators

Cabo Verde

iso2Code: CV

value: Blend

capitalCity: Praia

country_code: CPV

country_name: Cabo Verde

value: Net secondary income (BoP, current US$)

value: CC BY-4.0

value: Economic Policy & Debt: Balance of payments: Current account: Transfers

value:
The balance of payments (BoP) is a double-entry accounting system that shows all flows of goods and services into and out of an economy; all transfers that are the counterpart of real resources or financial claims provided to or by the rest of the world without a quid pro quo, such as donations and grants; and all changes in residents' claims on and liabilities to nonresidents that arise from economic transactions. All transactions are recorded twice - once as a credit and once as a debit. In principle the net balance should be zero, but in practice the accounts often do not balance, requiring inclusion of a balancing item, net errors and omissions.

The concepts and definitions underlying the data are based on the sixth edition of the International Monetary Fund's (IMF) Balance of Payments Manual (BPM6). Balance of payments data for 2005 onward will be presented in accord with the BPM6. The historical BPM5 data series will end with data for 2008, which can be accessed through the World Development Indicators archives.

The complete balance of payments methodology can be accessed through the International Monetary Fund website (www.imf.org/external/np/sta/bop/bop.htm).


Net secondary income (BoP, current US$)

value: Economy & Growth

Costa Rica

iso2Code: CR

iso2code: ZJ

capitalCity: San Jose

country_code: CRI

country_name: Costa Rica

value:
The balance of payments records an economy’s transactions with the rest of the world. Balance of payments accounts are divided into two groups: the current account, which records transactions in goods, services, primary income, and secondary income, and the capital and financial account, which records capital transfers, acquisition or disposal of nonproduced, nonfinancial assets, and transactions in financial assets and liabilities. The current account balance is one of the most analytically useful indicators of an external imbalance.

A primary purpose of the balance of payments accounts is to indicate the need to adjust an external imbalance. Where to draw the line for analytical purposes requires a judgment concerning the imbalance that best indicates the need for adjustment. There are a number of definitions in common use for this and related analytical purposes. The trade balance is the difference between exports and imports of goods. From an analytical view it is arbitrary to distinguish goods from services. For example, a unit of foreign exchange earned by a freight company strengthens the balance of payments to the same extent as the foreign exchange earned by a goods exporter. Even so, the trade balance is useful because it is often the most timely indicator of trends in the current account balance. Customs authorities are typically able to provide data on trade in goods long before data on trade in services are available.

value: Note: Data are based on the sixth edition of the IMF's Balance of Payments Manual (BPM6) and are only available from 2005 onwards.

value: Annual


Caribbean small states

value: Aggregates

country_code: CSS

country_name: Caribbean small states


Net secondary income (BoP, current US$)

Cuba

iso2Code: CU

value: Latin America & Caribbean

value: Latin America & Caribbean (excluding high income)

value: Upper middle income

iso2code: XX

value: Not classified

capitalCity: Havana

country_code: CUB

country_name: Cuba


Curacao

iso2Code: CW

iso2code: XD

value: High income

capitalCity: Willemstad

country_code: CUW

country_name: Curacao

value: Discrepancies may arise in the balance of payments because there is no single source for balance of payments data and therefore no way to ensure that the data are fully consistent. Sources include customs data, monetary accounts of the banking system, external debt records, information provided by enterprises, surveys to estimate service transactions, and foreign exchange records. Differences in collection methods - such as in timing, definitions of residence and ownership, and the exchange rate used to value transactions - contribute to net errors and omissions. In addition, smuggling and other illegal or quasi-legal transactions may be unrecorded or misrecorded.

value: Secondary income refers to transfers recorded in the balance of payments whenever an economy provides or receives goods, services, income, or financial items without a quid pro quo. All transfers not considered to be capital are current. Data are in current U.S. dollars.


Net secondary income (BoP, current US$)

value: World Development Indicators

Cayman Islands

iso2Code: KY

capitalCity: George Town

country_code: CYM

country_name: Cayman Islands

value: International Monetary Fund, Balance of Payments Statistics Yearbook and data files.


Cyprus

iso2Code: CY

value: Europe & Central Asia

capitalCity: Nicosia

country_code: CYP

country_name: Cyprus

value: Net secondary income (BoP, current US$)

value: CC BY-4.0


Net secondary income (BoP, current US$)

value: Economy & Growth

Czechia

iso2Code: CZ

capitalCity: Prague

country_code: CZE

country_name: Czech Republic

value: Economic Policy & Debt: Balance of payments: Current account: Transfers

value:
The balance of payments (BoP) is a double-entry accounting system that shows all flows of goods and services into and out of an economy; all transfers that are the counterpart of real resources or financial claims provided to or by the rest of the world without a quid pro quo, such as donations and grants; and all changes in residents' claims on and liabilities to nonresidents that arise from economic transactions. All transactions are recorded twice - once as a credit and once as a debit. In principle the net balance should be zero, but in practice the accounts often do not balance, requiring inclusion of a balancing item, net errors and omissions.

The concepts and definitions underlying the data are based on the sixth edition of the International Monetary Fund's (IMF) Balance of Payments Manual (BPM6). Balance of payments data for 2005 onward will be presented in accord with the BPM6. The historical BPM5 data series will end with data for 2008, which can be accessed through the World Development Indicators archives.

The complete balance of payments methodology can be accessed through the International Monetary Fund website (www.imf.org/external/np/sta/bop/bop.htm).


Germany

iso2Code: DE

capitalCity: Berlin

country_code: DEU

country_name: Germany

value:
The balance of payments records an economy’s transactions with the rest of the world. Balance of payments accounts are divided into two groups: the current account, which records transactions in goods, services, primary income, and secondary income, and the capital and financial account, which records capital transfers, acquisition or disposal of nonproduced, nonfinancial assets, and transactions in financial assets and liabilities. The current account balance is one of the most analytically useful indicators of an external imbalance.

A primary purpose of the balance of payments accounts is to indicate the need to adjust an external imbalance. Where to draw the line for analytical purposes requires a judgment concerning the imbalance that best indicates the need for adjustment. There are a number of definitions in common use for this and related analytical purposes. The trade balance is the difference between exports and imports of goods. From an analytical view it is arbitrary to distinguish goods from services. For example, a unit of foreign exchange earned by a freight company strengthens the balance of payments to the same extent as the foreign exchange earned by a goods exporter. Even so, the trade balance is useful because it is often the most timely indicator of trends in the current account balance. Customs authorities are typically able to provide data on trade in goods long before data on trade in services are available.

value: Note: Data are based on the sixth edition of the IMF's Balance of Payments Manual (BPM6) and are only available from 2005 onwards.

value: Annual


Net secondary income (BoP, current US$)

Djibouti

iso2Code: DJ

iso2code: ZQ

value: Middle East & North Africa

iso2code: XQ

value: Middle East & North Africa (excluding high income)

iso2code: XN

value: Lower middle income

value: IDA

capitalCity: Djibouti

country_code: DJI

country_name: Djibouti


Dominica

iso2Code: DM

value: Latin America & Caribbean

iso2code: XJ

value: Latin America & Caribbean (excluding high income)

iso2code: XT

value: Upper middle income

iso2code: XH

value: Blend

capitalCity: Roseau

country_code: DMA

country_name: Dominica

value: Discrepancies may arise in the balance of payments because there is no single source for balance of payments data and therefore no way to ensure that the data are fully consistent. Sources include customs data, monetary accounts of the banking system, external debt records, information provided by enterprises, surveys to estimate service transactions, and foreign exchange records. Differences in collection methods - such as in timing, definitions of residence and ownership, and the exchange rate used to value transactions - contribute to net errors and omissions. In addition, smuggling and other illegal or quasi-legal transactions may be unrecorded or misrecorded.


Net secondary income (BoP, current US$)

value: World Development Indicators

Denmark

iso2Code: DK

value: Europe & Central Asia

value: High income

value: Not classified

capitalCity: Copenhagen

country_code: DNK

country_name: Denmark

value: Net secondary income (BoP, current US$)

value: Secondary income refers to transfers recorded in the balance of payments whenever an economy provides or receives goods, services, income, or financial items without a quid pro quo. All transfers not considered to be capital are current. Data are in current U.S. dollars.

value: International Monetary Fund, Balance of Payments Statistics Yearbook and data files.


value: Economy & Growth

Dominican Republic

iso2Code: DO

iso2code: ZJ

iso2code: XF

value: IBRD

capitalCity: Santo Domingo

country_code: DOM

country_name: Dominican Republic

value: CC BY-4.0

value:
The balance of payments records an economy’s transactions with the rest of the world. Balance of payments accounts are divided into two groups: the current account, which records transactions in goods, services, primary income, and secondary income, and the capital and financial account, which records capital transfers, acquisition or disposal of nonproduced, nonfinancial assets, and transactions in financial assets and liabilities. The current account balance is one of the most analytically useful indicators of an external imbalance.

A primary purpose of the balance of payments accounts is to indicate the need to adjust an external imbalance. Where to draw the line for analytical purposes requires a judgment concerning the imbalance that best indicates the need for adjustment. There are a number of definitions in common use for this and related analytical purposes. The trade balance is the difference between exports and imports of goods. From an analytical view it is arbitrary to distinguish goods from services. For example, a unit of foreign exchange earned by a freight company strengthens the balance of payments to the same extent as the foreign exchange earned by a goods exporter. Even so, the trade balance is useful because it is often the most timely indicator of trends in the current account balance. Customs authorities are typically able to provide data on trade in goods long before data on trade in services are available.

value: Note: Data are based on the sixth edition of the IMF's Balance of Payments Manual (BPM6) and are only available from 2005 onwards.

value: Annual

value: Economic Policy & Debt: Balance of payments: Current account: Transfers

value:
The balance of payments (BoP) is a double-entry accounting system that shows all flows of goods and services into and out of an economy; all transfers that are the counterpart of real resources or financial claims provided to or by the rest of the world without a quid pro quo, such as donations and grants; and all changes in residents' claims on and liabilities to nonresidents that arise from economic transactions. All transactions are recorded twice - once as a credit and once as a debit. In principle the net balance should be zero, but in practice the accounts often do not balance, requiring inclusion of a balancing item, net errors and omissions.

The concepts and definitions underlying the data are based on the sixth edition of the International Monetary Fund's (IMF) Balance of Payments Manual (BPM6). Balance of payments data for 2005 onward will be presented in accord with the BPM6. The historical BPM5 data series will end with data for 2008, which can be accessed through the World Development Indicators archives.

The complete balance of payments methodology can be accessed through the International Monetary Fund website (www.imf.org/external/np/sta/bop/bop.htm).


Net secondary income (BoP, current US$)

Algeria

iso2Code: DZ

value: Middle East & North Africa

value: Middle East & North Africa (excluding high income)

value: Lower middle income

capitalCity: Algiers

country_code: DZA

country_name: Algeria


value: World Development Indicators

name: East Asia & Pacific (excluding high income)

value: Aggregates

country_code: EAP

value: Discrepancies may arise in the balance of payments because there is no single source for balance of payments data and therefore no way to ensure that the data are fully consistent. Sources include customs data, monetary accounts of the banking system, external debt records, information provided by enterprises, surveys to estimate service transactions, and foreign exchange records. Differences in collection methods - such as in timing, definitions of residence and ownership, and the exchange rate used to value transactions - contribute to net errors and omissions. In addition, smuggling and other illegal or quasi-legal transactions may be unrecorded or misrecorded.


country_code: EAR

country_name: Early-demographic dividend

value: Net secondary income (BoP, current US$)


country_code: EAS

country_name: East Asia & Pacific

value: Secondary income refers to transfers recorded in the balance of payments whenever an economy provides or receives goods, services, income, or financial items without a quid pro quo. All transfers not considered to be capital are current. Data are in current U.S. dollars.


name: Europe & Central Asia (excluding high income)

country_code: ECA

value: International Monetary Fund, Balance of Payments Statistics Yearbook and data files.


value: Economy & Growth

country_code: ECS

country_name: Europe & Central Asia


Ecuador

iso2Code: EC

value: Latin America & Caribbean

value: Latin America & Caribbean (excluding high income)

value: Upper middle income

value: IBRD

capitalCity: Quito

country_code: ECU

country_name: Ecuador


Net secondary income (BoP, current US$)

Egypt, Arab Rep.

iso2Code: EG

capitalCity: Cairo

country_code: EGY

country_name: Egypt, Arab Rep.

value: CC BY-4.0

value:
The balance of payments records an economy’s transactions with the rest of the world. Balance of payments accounts are divided into two groups: the current account, which records transactions in goods, services, primary income, and secondary income, and the capital and financial account, which records capital transfers, acquisition or disposal of nonproduced, nonfinancial assets, and transactions in financial assets and liabilities. The current account balance is one of the most analytically useful indicators of an external imbalance.

A primary purpose of the balance of payments accounts is to indicate the need to adjust an external imbalance. Where to draw the line for analytical purposes requires a judgment concerning the imbalance that best indicates the need for adjustment. There are a number of definitions in common use for this and related analytical purposes. The trade balance is the difference between exports and imports of goods. From an analytical view it is arbitrary to distinguish goods from services. For example, a unit of foreign exchange earned by a freight company strengthens the balance of payments to the same extent as the foreign exchange earned by a goods exporter. Even so, the trade balance is useful because it is often the most timely indicator of trends in the current account balance. Customs authorities are typically able to provide data on trade in goods long before data on trade in services are available.

value: Note: Data are based on the sixth edition of the IMF's Balance of Payments Manual (BPM6) and are only available from 2005 onwards.

value: Annual


Euro area

iso2Code: XC

country_code: EMU

country_name: Euro area

value: Economic Policy & Debt: Balance of payments: Current account: Transfers

value:
The balance of payments (BoP) is a double-entry accounting system that shows all flows of goods and services into and out of an economy; all transfers that are the counterpart of real resources or financial claims provided to or by the rest of the world without a quid pro quo, such as donations and grants; and all changes in residents' claims on and liabilities to nonresidents that arise from economic transactions. All transactions are recorded twice - once as a credit and once as a debit. In principle the net balance should be zero, but in practice the accounts often do not balance, requiring inclusion of a balancing item, net errors and omissions.

The concepts and definitions underlying the data are based on the sixth edition of the International Monetary Fund's (IMF) Balance of Payments Manual (BPM6). Balance of payments data for 2005 onward will be presented in accord with the BPM6. The historical BPM5 data series will end with data for 2008, which can be accessed through the World Development Indicators archives.

The complete balance of payments methodology can be accessed through the International Monetary Fund website (www.imf.org/external/np/sta/bop/bop.htm).


Net secondary income (BoP, current US$)

value: World Development Indicators

Eritrea

iso2Code: ER

iso2code: ZG

value: Sub-Saharan Africa

iso2code: ZF

value: Sub-Saharan Africa (excluding high income)

iso2code: XM

value: Low income

iso2code: XI

value: IDA

capitalCity: Asmara

country_code: ERI

country_name: Eritrea


Spain

iso2Code: ES

value: Europe & Central Asia

iso2code: XD

value: High income

iso2code: XX

value: Not classified

capitalCity: Madrid

country_code: ESP

country_name: Spain

value: Net secondary income (BoP, current US$)

value: Discrepancies may arise in the balance of payments because there is no single source for balance of payments data and therefore no way to ensure that the data are fully consistent. Sources include customs data, monetary accounts of the banking system, external debt records, information provided by enterprises, surveys to estimate service transactions, and foreign exchange records. Differences in collection methods - such as in timing, definitions of residence and ownership, and the exchange rate used to value transactions - contribute to net errors and omissions. In addition, smuggling and other illegal or quasi-legal transactions may be unrecorded or misrecorded.

value: Secondary income refers to transfers recorded in the balance of payments whenever an economy provides or receives goods, services, income, or financial items without a quid pro quo. All transfers not considered to be capital are current. Data are in current U.S. dollars.

value: International Monetary Fund, Balance of Payments Statistics Yearbook and data files.


Net secondary income (BoP, current US$)

value: Economy & Growth

Estonia

iso2Code: EE

capitalCity: Tallinn

country_code: EST

country_name: Estonia

value: CC BY-4.0

value:
The balance of payments records an economy’s transactions with the rest of the world. Balance of payments accounts are divided into two groups: the current account, which records transactions in goods, services, primary income, and secondary income, and the capital and financial account, which records capital transfers, acquisition or disposal of nonproduced, nonfinancial assets, and transactions in financial assets and liabilities. The current account balance is one of the most analytically useful indicators of an external imbalance.

A primary purpose of the balance of payments accounts is to indicate the need to adjust an external imbalance. Where to draw the line for analytical purposes requires a judgment concerning the imbalance that best indicates the need for adjustment. There are a number of definitions in common use for this and related analytical purposes. The trade balance is the difference between exports and imports of goods. From an analytical view it is arbitrary to distinguish goods from services. For example, a unit of foreign exchange earned by a freight company strengthens the balance of payments to the same extent as the foreign exchange earned by a goods exporter. Even so, the trade balance is useful because it is often the most timely indicator of trends in the current account balance. Customs authorities are typically able to provide data on trade in goods long before data on trade in services are available.


Ethiopia

iso2Code: ET

capitalCity: Addis Ababa

country_code: ETH

country_name: Ethiopia

value: Note: Data are based on the sixth edition of the IMF's Balance of Payments Manual (BPM6) and are only available from 2005 onwards.

value: Annual

value: Economic Policy & Debt: Balance of payments: Current account: Transfers


Net secondary income (BoP, current US$)

value: World Development Indicators

European Union

iso2Code: EU

value: Aggregates

country_code: EUU

country_name: European Union

value:
The balance of payments (BoP) is a double-entry accounting system that shows all flows of goods and services into and out of an economy; all transfers that are the counterpart of real resources or financial claims provided to or by the rest of the world without a quid pro quo, such as donations and grants; and all changes in residents' claims on and liabilities to nonresidents that arise from economic transactions. All transactions are recorded twice - once as a credit and once as a debit. In principle the net balance should be zero, but in practice the accounts often do not balance, requiring inclusion of a balancing item, net errors and omissions.

The concepts and definitions underlying the data are based on the sixth edition of the International Monetary Fund's (IMF) Balance of Payments Manual (BPM6). Balance of payments data for 2005 onward will be presented in accord with the BPM6. The historical BPM5 data series will end with data for 2008, which can be accessed through the World Development Indicators archives.

The complete balance of payments methodology can be accessed through the International Monetary Fund website (www.imf.org/external/np/sta/bop/bop.htm).


name: Fragile and conflict affected situations

country_code: FCS


Finland

iso2Code: FI

capitalCity: Helsinki

country_code: FIN

country_name: Finland


Net secondary income (BoP, current US$)

Fiji

iso2Code: FJ

value: East Asia & Pacific

value: East Asia & Pacific (excluding high income)

iso2code: XT

value: Upper middle income

iso2code: XH

value: Blend

capitalCity: Suva

country_code: FJI

country_name: Fiji


France

iso2Code: FR

value: Europe & Central Asia

value: High income

value: Not classified

capitalCity: Paris

country_code: FRA

country_name: France

value: Net secondary income (BoP, current US$)


Net secondary income (BoP, current US$)

value: Economy & Growth

Faroe Islands

iso2Code: FO

capitalCity: Torshavn

country_code: FRO

country_name: Faroe Islands

value: Discrepancies may arise in the balance of payments because there is no single source for balance of payments data and therefore no way to ensure that the data are fully consistent. Sources include customs data, monetary accounts of the banking system, external debt records, information provided by enterprises, surveys to estimate service transactions, and foreign exchange records. Differences in collection methods - such as in timing, definitions of residence and ownership, and the exchange rate used to value transactions - contribute to net errors and omissions. In addition, smuggling and other illegal or quasi-legal transactions may be unrecorded or misrecorded.

value: Secondary income refers to transfers recorded in the balance of payments whenever an economy provides or receives goods, services, income, or financial items without a quid pro quo. All transfers not considered to be capital are current. Data are in current U.S. dollars.

value: International Monetary Fund, Balance of Payments Statistics Yearbook and data files.


Micronesia, Fed. Sts.

iso2Code: FM

iso2code: XN

value: Lower middle income

value: IDA

capitalCity: Palikir

country_code: FSM

country_name: Micronesia, Fed. Sts.

value: CC BY-4.0

value:
The balance of payments records an economy’s transactions with the rest of the world. Balance of payments accounts are divided into two groups: the current account, which records transactions in goods, services, primary income, and secondary income, and the capital and financial account, which records capital transfers, acquisition or disposal of nonproduced, nonfinancial assets, and transactions in financial assets and liabilities. The current account balance is one of the most analytically useful indicators of an external imbalance.

A primary purpose of the balance of payments accounts is to indicate the need to adjust an external imbalance. Where to draw the line for analytical purposes requires a judgment concerning the imbalance that best indicates the need for adjustment. There are a number of definitions in common use for this and related analytical purposes. The trade balance is the difference between exports and imports of goods. From an analytical view it is arbitrary to distinguish goods from services. For example, a unit of foreign exchange earned by a freight company strengthens the balance of payments to the same extent as the foreign exchange earned by a goods exporter. Even so, the trade balance is useful because it is often the most timely indicator of trends in the current account balance. Customs authorities are typically able to provide data on trade in goods long before data on trade in services are available.

value: Note: Data are based on the sixth edition of the IMF's Balance of Payments Manual (BPM6) and are only available from 2005 onwards.

value: Annual


Net secondary income (BoP, current US$)

value: World Development Indicators

Gabon

iso2Code: GA

iso2code: ZG

value: Sub-Saharan Africa

iso2code: ZF

value: Sub-Saharan Africa (excluding high income)

iso2code: XF

value: IBRD

capitalCity: Libreville

country_code: GAB

country_name: Gabon

value: Economic Policy & Debt: Balance of payments: Current account: Transfers

value:
The balance of payments (BoP) is a double-entry accounting system that shows all flows of goods and services into and out of an economy; all transfers that are the counterpart of real resources or financial claims provided to or by the rest of the world without a quid pro quo, such as donations and grants; and all changes in residents' claims on and liabilities to nonresidents that arise from economic transactions. All transactions are recorded twice - once as a credit and once as a debit. In principle the net balance should be zero, but in practice the accounts often do not balance, requiring inclusion of a balancing item, net errors and omissions.

The concepts and definitions underlying the data are based on the sixth edition of the International Monetary Fund's (IMF) Balance of Payments Manual (BPM6). Balance of payments data for 2005 onward will be presented in accord with the BPM6. The historical BPM5 data series will end with data for 2008, which can be accessed through the World Development Indicators archives.

The complete balance of payments methodology can be accessed through the International Monetary Fund website (www.imf.org/external/np/sta/bop/bop.htm).


United Kingdom

iso2Code: GB

value: Europe & Central Asia

iso2code: XD

value: High income

value: Not classified

capitalCity: London

country_code: GBR

country_name: United Kingdom

value: Net secondary income (BoP, current US$)


Net secondary income (BoP, current US$)

value: Economy & Growth

Georgia

iso2Code: GE

value: Europe & Central Asia (excluding high income)

value: Upper middle income

capitalCity: Tbilisi

country_code: GEO

country_name: Georgia

value: Discrepancies may arise in the balance of payments because there is no single source for balance of payments data and therefore no way to ensure that the data are fully consistent. Sources include customs data, monetary accounts of the banking system, external debt records, information provided by enterprises, surveys to estimate service transactions, and foreign exchange records. Differences in collection methods - such as in timing, definitions of residence and ownership, and the exchange rate used to value transactions - contribute to net errors and omissions. In addition, smuggling and other illegal or quasi-legal transactions may be unrecorded or misrecorded.

value: Secondary income refers to transfers recorded in the balance of payments whenever an economy provides or receives goods, services, income, or financial items without a quid pro quo. All transfers not considered to be capital are current. Data are in current U.S. dollars.

value: International Monetary Fund, Balance of Payments Statistics Yearbook and data files.


Ghana

iso2Code: GH

value: Lower middle income

iso2code: XI

value: IDA

capitalCity: Accra

country_code: GHA

country_name: Ghana

value: CC BY-4.0

value:
The balance of payments records an economy’s transactions with the rest of the world. Balance of payments accounts are divided into two groups: the current account, which records transactions in goods, services, primary income, and secondary income, and the capital and financial account, which records capital transfers, acquisition or disposal of nonproduced, nonfinancial assets, and transactions in financial assets and liabilities. The current account balance is one of the most analytically useful indicators of an external imbalance.

A primary purpose of the balance of payments accounts is to indicate the need to adjust an external imbalance. Where to draw the line for analytical purposes requires a judgment concerning the imbalance that best indicates the need for adjustment. There are a number of definitions in common use for this and related analytical purposes. The trade balance is the difference between exports and imports of goods. From an analytical view it is arbitrary to distinguish goods from services. For example, a unit of foreign exchange earned by a freight company strengthens the balance of payments to the same extent as the foreign exchange earned by a goods exporter. Even so, the trade balance is useful because it is often the most timely indicator of trends in the current account balance. Customs authorities are typically able to provide data on trade in goods long before data on trade in services are available.

value: Note: Data are based on the sixth edition of the IMF's Balance of Payments Manual (BPM6) and are only available from 2005 onwards.

value: Annual


Net secondary income (BoP, current US$)

value: World Development Indicators

Gibraltar

iso2Code: GI

iso2code: XX

country_code: GIB

country_name: Gibraltar

value: Economic Policy & Debt: Balance of payments: Current account: Transfers

value:
The balance of payments (BoP) is a double-entry accounting system that shows all flows of goods and services into and out of an economy; all transfers that are the counterpart of real resources or financial claims provided to or by the rest of the world without a quid pro quo, such as donations and grants; and all changes in residents' claims on and liabilities to nonresidents that arise from economic transactions. All transactions are recorded twice - once as a credit and once as a debit. In principle the net balance should be zero, but in practice the accounts often do not balance, requiring inclusion of a balancing item, net errors and omissions.

The concepts and definitions underlying the data are based on the sixth edition of the International Monetary Fund's (IMF) Balance of Payments Manual (BPM6). Balance of payments data for 2005 onward will be presented in accord with the BPM6. The historical BPM5 data series will end with data for 2008, which can be accessed through the World Development Indicators archives.

The complete balance of payments methodology can be accessed through the International Monetary Fund website (www.imf.org/external/np/sta/bop/bop.htm).


Guinea

iso2Code: GN

value: Sub-Saharan Africa

value: Sub-Saharan Africa (excluding high income)

capitalCity: Conakry

country_code: GIN

country_name: Guinea


Net secondary income (BoP, current US$)

value: Economy & Growth

Gambia, The

iso2Code: GM

iso2code: XM

value: Low income

capitalCity: Banjul

country_code: GMB

country_name: Gambia, The

value: Net secondary income (BoP, current US$)


Guinea-Bissau

iso2Code: GW

capitalCity: Bissau

country_code: GNB

country_name: Guinea-Bissau

value: Discrepancies may arise in the balance of payments because there is no single source for balance of payments data and therefore no way to ensure that the data are fully consistent. Sources include customs data, monetary accounts of the banking system, external debt records, information provided by enterprises, surveys to estimate service transactions, and foreign exchange records. Differences in collection methods - such as in timing, definitions of residence and ownership, and the exchange rate used to value transactions - contribute to net errors and omissions. In addition, smuggling and other illegal or quasi-legal transactions may be unrecorded or misrecorded.


Net secondary income (BoP, current US$)

Equatorial Guinea

iso2Code: GQ

iso2code: XT

value: Upper middle income

value: IBRD

capitalCity: Malabo

country_code: GNQ

country_name: Equatorial Guinea

value: Secondary income refers to transfers recorded in the balance of payments whenever an economy provides or receives goods, services, income, or financial items without a quid pro quo. All transfers not considered to be capital are current. Data are in current U.S. dollars.


Greece

iso2Code: GR

value: Europe & Central Asia

value: High income

value: Not classified

capitalCity: Athens

country_code: GRC

country_name: Greece

value: International Monetary Fund, Balance of Payments Statistics Yearbook and data files.


Net secondary income (BoP, current US$)

Grenada

iso2Code: GD

iso2code: ZJ

value: Latin America & Caribbean

iso2code: XJ

value: Latin America & Caribbean (excluding high income)

iso2code: XH

value: Blend

capitalCity: Saint George's

country_code: GRD

country_name: Grenada

value: CC BY-4.0

value:
The balance of payments records an economy’s transactions with the rest of the world. Balance of payments accounts are divided into two groups: the current account, which records transactions in goods, services, primary income, and secondary income, and the capital and financial account, which records capital transfers, acquisition or disposal of nonproduced, nonfinancial assets, and transactions in financial assets and liabilities. The current account balance is one of the most analytically useful indicators of an external imbalance.

A primary purpose of the balance of payments accounts is to indicate the need to adjust an external imbalance. Where to draw the line for analytical purposes requires a judgment concerning the imbalance that best indicates the need for adjustment. There are a number of definitions in common use for this and related analytical purposes. The trade balance is the difference between exports and imports of goods. From an analytical view it is arbitrary to distinguish goods from services. For example, a unit of foreign exchange earned by a freight company strengthens the balance of payments to the same extent as the foreign exchange earned by a goods exporter. Even so, the trade balance is useful because it is often the most timely indicator of trends in the current account balance. Customs authorities are typically able to provide data on trade in goods long before data on trade in services are available.

value: Note: Data are based on the sixth edition of the IMF's Balance of Payments Manual (BPM6) and are only available from 2005 onwards.

value: Annual


value: World Development Indicators

value: Economy & Growth

Greenland

iso2Code: GL

iso2code: XD

capitalCity: Nuuk

country_code: GRL

country_name: Greenland

value: Economic Policy & Debt: Balance of payments: Current account: Transfers

value:
The balance of payments (BoP) is a double-entry accounting system that shows all flows of goods and services into and out of an economy; all transfers that are the counterpart of real resources or financial claims provided to or by the rest of the world without a quid pro quo, such as donations and grants; and all changes in residents' claims on and liabilities to nonresidents that arise from economic transactions. All transactions are recorded twice - once as a credit and once as a debit. In principle the net balance should be zero, but in practice the accounts often do not balance, requiring inclusion of a balancing item, net errors and omissions.

The concepts and definitions underlying the data are based on the sixth edition of the International Monetary Fund's (IMF) Balance of Payments Manual (BPM6). Balance of payments data for 2005 onward will be presented in accord with the BPM6. The historical BPM5 data series will end with data for 2008, which can be accessed through the World Development Indicators archives.

The complete balance of payments methodology can be accessed through the International Monetary Fund website (www.imf.org/external/np/sta/bop/bop.htm).


Net secondary income (BoP, current US$)

Guatemala

iso2Code: GT

value: Upper middle income

iso2code: XF

value: IBRD

capitalCity: Guatemala City

country_code: GTM

country_name: Guatemala

value: Net secondary income (BoP, current US$)

value: Discrepancies may arise in the balance of payments because there is no single source for balance of payments data and therefore no way to ensure that the data are fully consistent. Sources include customs data, monetary accounts of the banking system, external debt records, information provided by enterprises, surveys to estimate service transactions, and foreign exchange records. Differences in collection methods - such as in timing, definitions of residence and ownership, and the exchange rate used to value transactions - contribute to net errors and omissions. In addition, smuggling and other illegal or quasi-legal transactions may be unrecorded or misrecorded.


Guam

iso2Code: GU

value: East Asia & Pacific

value: High income

value: Not classified

capitalCity: Agana

country_code: GUM

country_name: Guam

value: Secondary income refers to transfers recorded in the balance of payments whenever an economy provides or receives goods, services, income, or financial items without a quid pro quo. All transfers not considered to be capital are current. Data are in current U.S. dollars.


Net secondary income (BoP, current US$)

Guyana

iso2Code: GY

value: Latin America & Caribbean

iso2code: XI

value: IDA

capitalCity: Georgetown

country_code: GUY

country_name: Guyana

value: International Monetary Fund, Balance of Payments Statistics Yearbook and data files.


High income

value: Aggregates

country_code: HIC

country_name: High income

value: CC BY-4.0

value:
The balance of payments records an economy’s transactions with the rest of the world. Balance of payments accounts are divided into two groups: the current account, which records transactions in goods, services, primary income, and secondary income, and the capital and financial account, which records capital transfers, acquisition or disposal of nonproduced, nonfinancial assets, and transactions in financial assets and liabilities. The current account balance is one of the most analytically useful indicators of an external imbalance.

A primary purpose of the balance of payments accounts is to indicate the need to adjust an external imbalance. Where to draw the line for analytical purposes requires a judgment concerning the imbalance that best indicates the need for adjustment. There are a number of definitions in common use for this and related analytical purposes. The trade balance is the difference between exports and imports of goods. From an analytical view it is arbitrary to distinguish goods from services. For example, a unit of foreign exchange earned by a freight company strengthens the balance of payments to the same extent as the foreign exchange earned by a goods exporter. Even so, the trade balance is useful because it is often the most timely indicator of trends in the current account balance. Customs authorities are typically able to provide data on trade in goods long before data on trade in services are available.

value: Note: Data are based on the sixth edition of the IMF's Balance of Payments Manual (BPM6) and are only available from 2005 onwards.


Net secondary income (BoP, current US$)

value: World Development Indicators

value: Economy & Growth

Hong Kong SAR, China

iso2Code: HK

iso2code: XX

country_code: HKG

country_name: Hong Kong, China

value: Annual

value: Economic Policy & Debt: Balance of payments: Current account: Transfers


Honduras

iso2Code: HN

value: Latin America & Caribbean (excluding high income)

iso2code: XN

value: Lower middle income

capitalCity: Tegucigalpa

country_code: HND

country_name: Honduras

value: Net secondary income (BoP, current US$)

value:
The balance of payments (BoP) is a double-entry accounting system that shows all flows of goods and services into and out of an economy; all transfers that are the counterpart of real resources or financial claims provided to or by the rest of the world without a quid pro quo, such as donations and grants; and all changes in residents' claims on and liabilities to nonresidents that arise from economic transactions. All transactions are recorded twice - once as a credit and once as a debit. In principle the net balance should be zero, but in practice the accounts often do not balance, requiring inclusion of a balancing item, net errors and omissions.

The concepts and definitions underlying the data are based on the sixth edition of the International Monetary Fund's (IMF) Balance of Payments Manual (BPM6). Balance of payments data for 2005 onward will be presented in accord with the BPM6. The historical BPM5 data series will end with data for 2008, which can be accessed through the World Development Indicators archives.

The complete balance of payments methodology can be accessed through the International Monetary Fund website (www.imf.org/external/np/sta/bop/bop.htm).


Net secondary income (BoP, current US$)

Heavily indebted poor countries (HIPC)

iso2Code: XE

country_code: HPC

country_name: Heavily indebted poor countries (HIPC)

value: Discrepancies may arise in the balance of payments because there is no single source for balance of payments data and therefore no way to ensure that the data are fully consistent. Sources include customs data, monetary accounts of the banking system, external debt records, information provided by enterprises, surveys to estimate service transactions, and foreign exchange records. Differences in collection methods - such as in timing, definitions of residence and ownership, and the exchange rate used to value transactions - contribute to net errors and omissions. In addition, smuggling and other illegal or quasi-legal transactions may be unrecorded or misrecorded.


Croatia

iso2Code: HR

value: Europe & Central Asia

value: High income

value: IBRD

capitalCity: Zagreb

country_code: HRV

country_name: Croatia

value: Secondary income refers to transfers recorded in the balance of payments whenever an economy provides or receives goods, services, income, or financial items without a quid pro quo. All transfers not considered to be capital are current. Data are in current U.S. dollars.


Net secondary income (BoP, current US$)

Haiti

iso2Code: HT

value: Latin America & Caribbean

value: IDA

capitalCity: Port-au-Prince

country_code: HTI

country_name: Haiti

value: International Monetary Fund, Balance of Payments Statistics Yearbook and data files.


Hungary

iso2Code: HU

value: Not classified

capitalCity: Budapest

country_code: HUN

country_name: Hungary

value: CC BY-4.0

value:
The balance of payments records an economy’s transactions with the rest of the world. Balance of payments accounts are divided into two groups: the current account, which records transactions in goods, services, primary income, and secondary income, and the capital and financial account, which records capital transfers, acquisition or disposal of nonproduced, nonfinancial assets, and transactions in financial assets and liabilities. The current account balance is one of the most analytically useful indicators of an external imbalance.

A primary purpose of the balance of payments accounts is to indicate the need to adjust an external imbalance. Where to draw the line for analytical purposes requires a judgment concerning the imbalance that best indicates the need for adjustment. There are a number of definitions in common use for this and related analytical purposes. The trade balance is the difference between exports and imports of goods. From an analytical view it is arbitrary to distinguish goods from services. For example, a unit of foreign exchange earned by a freight company strengthens the balance of payments to the same extent as the foreign exchange earned by a goods exporter. Even so, the trade balance is useful because it is often the most timely indicator of trends in the current account balance. Customs authorities are typically able to provide data on trade in goods long before data on trade in services are available.

value: Note: Data are based on the sixth edition of the IMF's Balance of Payments Manual (BPM6) and are only available from 2005 onwards.


Net secondary income (BoP, current US$)

value: World Development Indicators

value: Economy & Growth

IBRD only

value: Aggregates

country_code: IBD

country_name: IBRD only

value: Annual

value: Economic Policy & Debt: Balance of payments: Current account: Transfers


IDA & IBRD total

iso2Code: ZT

country_code: IBT

country_name: IDA & IBRD total

value: Net secondary income (BoP, current US$)

value: Discrepancies may arise in the balance of payments because there is no single source for balance of payments data and therefore no way to ensure that the data are fully consistent. Sources include customs data, monetary accounts of the banking system, external debt records, information provided by enterprises, surveys to estimate service transactions, and foreign exchange records. Differences in collection methods - such as in timing, definitions of residence and ownership, and the exchange rate used to value transactions - contribute to net errors and omissions. In addition, smuggling and other illegal or quasi-legal transactions may be unrecorded or misrecorded.

value:
The balance of payments (BoP) is a double-entry accounting system that shows all flows of goods and services into and out of an economy; all transfers that are the counterpart of real resources or financial claims provided to or by the rest of the world without a quid pro quo, such as donations and grants; and all changes in residents' claims on and liabilities to nonresidents that arise from economic transactions. All transactions are recorded twice - once as a credit and once as a debit. In principle the net balance should be zero, but in practice the accounts often do not balance, requiring inclusion of a balancing item, net errors and omissions.

The concepts and definitions underlying the data are based on the sixth edition of the International Monetary Fund's (IMF) Balance of Payments Manual (BPM6). Balance of payments data for 2005 onward will be presented in accord with the BPM6. The historical BPM5 data series will end with data for 2008, which can be accessed through the World Development Indicators archives.

The complete balance of payments methodology can be accessed through the International Monetary Fund website (www.imf.org/external/np/sta/bop/bop.htm).


Net secondary income (BoP, current US$)

IDA total

iso2Code: XG

country_code: IDA

country_name: IDA total


IDA blend

iso2Code: XH

country_code: IDB

country_name: IDA blend


Net secondary income (BoP, current US$)

Indonesia

iso2Code: ID

value: East Asia & Pacific

value: East Asia & Pacific (excluding high income)

iso2code: XT

value: Upper middle income

value: IBRD

capitalCity: Jakarta

country_code: IDN

country_name: Indonesia


country_code: IDX

country_name: IDA only

value: Secondary income refers to transfers recorded in the balance of payments whenever an economy provides or receives goods, services, income, or financial items without a quid pro quo. All transfers not considered to be capital are current. Data are in current U.S. dollars.

value: International Monetary Fund, Balance of Payments Statistics Yearbook and data files.


Isle of Man

iso2Code: IM

value: Europe & Central Asia

iso2code: XD

value: High income

value: Not classified

capitalCity: Douglas

country_code: IMN

country_name: Isle of Man

value: CC BY-4.0


Net secondary income (BoP, current US$)

value: World Development Indicators

value: Economy & Growth

India

iso2Code: IN

value: South Asia

value: Lower middle income

iso2code: XF

capitalCity: New Delhi

country_code: IND

country_name: India

value:
The balance of payments records an economy’s transactions with the rest of the world. Balance of payments accounts are divided into two groups: the current account, which records transactions in goods, services, primary income, and secondary income, and the capital and financial account, which records capital transfers, acquisition or disposal of nonproduced, nonfinancial assets, and transactions in financial assets and liabilities. The current account balance is one of the most analytically useful indicators of an external imbalance.

A primary purpose of the balance of payments accounts is to indicate the need to adjust an external imbalance. Where to draw the line for analytical purposes requires a judgment concerning the imbalance that best indicates the need for adjustment. There are a number of definitions in common use for this and related analytical purposes. The trade balance is the difference between exports and imports of goods. From an analytical view it is arbitrary to distinguish goods from services. For example, a unit of foreign exchange earned by a freight company strengthens the balance of payments to the same extent as the foreign exchange earned by a goods exporter. Even so, the trade balance is useful because it is often the most timely indicator of trends in the current account balance. Customs authorities are typically able to provide data on trade in goods long before data on trade in services are available.

value: Note: Data are based on the sixth edition of the IMF's Balance of Payments Manual (BPM6) and are only available from 2005 onwards.


Not classified

iso2Code: XY

value: Aggregates

country_code: INX

country_name: Not classified

value: Net secondary income (BoP, current US$)

value: Annual

value: Discrepancies may arise in the balance of payments because there is no single source for balance of payments data and therefore no way to ensure that the data are fully consistent. Sources include customs data, monetary accounts of the banking system, external debt records, information provided by enterprises, surveys to estimate service transactions, and foreign exchange records. Differences in collection methods - such as in timing, definitions of residence and ownership, and the exchange rate used to value transactions - contribute to net errors and omissions. In addition, smuggling and other illegal or quasi-legal transactions may be unrecorded or misrecorded.

value: Economic Policy & Debt: Balance of payments: Current account: Transfers

value:
The balance of payments (BoP) is a double-entry accounting system that shows all flows of goods and services into and out of an economy; all transfers that are the counterpart of real resources or financial claims provided to or by the rest of the world without a quid pro quo, such as donations and grants; and all changes in residents' claims on and liabilities to nonresidents that arise from economic transactions. All transactions are recorded twice - once as a credit and once as a debit. In principle the net balance should be zero, but in practice the accounts often do not balance, requiring inclusion of a balancing item, net errors and omissions.

The concepts and definitions underlying the data are based on the sixth edition of the International Monetary Fund's (IMF) Balance of Payments Manual (BPM6). Balance of payments data for 2005 onward will be presented in accord with the BPM6. The historical BPM5 data series will end with data for 2008, which can be accessed through the World Development Indicators archives.

The complete balance of payments methodology can be accessed through the International Monetary Fund website (www.imf.org/external/np/sta/bop/bop.htm).


Net secondary income (BoP, current US$)

Ireland

iso2Code: IE

iso2code: XX

capitalCity: Dublin

country_code: IRL

country_name: Ireland

value: Secondary income refers to transfers recorded in the balance of payments whenever an economy provides or receives goods, services, income, or financial items without a quid pro quo. All transfers not considered to be capital are current. Data are in current U.S. dollars.

value: International Monetary Fund, Balance of Payments Statistics Yearbook and data files.


Iran, Islamic Rep.

iso2Code: IR

iso2code: ZQ

value: Middle East & North Africa

iso2code: XQ

value: Middle East & North Africa (excluding high income)

iso2code: XN

value: IBRD

capitalCity: Tehran

country_code: IRN

country_name: Iran, Islamic Rep.


Net secondary income (BoP, current US$)

value: World Development Indicators

Iraq

iso2Code: IQ

value: Upper middle income

capitalCity: Baghdad

country_code: IRQ

country_name: Iraq

value: CC BY-4.0


value: Economy & Growth

Iceland

iso2Code: IS

value: Europe & Central Asia

value: High income

value: Not classified

capitalCity: Reykjavik

country_code: ISL

country_name: Iceland


Net secondary income (BoP, current US$)

Israel

iso2Code: IL

country_code: ISR

country_name: Israel

value: Net secondary income (BoP, current US$)

value:
The balance of payments records an economy’s transactions with the rest of the world. Balance of payments accounts are divided into two groups: the current account, which records transactions in goods, services, primary income, and secondary income, and the capital and financial account, which records capital transfers, acquisition or disposal of nonproduced, nonfinancial assets, and transactions in financial assets and liabilities. The current account balance is one of the most analytically useful indicators of an external imbalance.

A primary purpose of the balance of payments accounts is to indicate the need to adjust an external imbalance. Where to draw the line for analytical purposes requires a judgment concerning the imbalance that best indicates the need for adjustment. There are a number of definitions in common use for this and related analytical purposes. The trade balance is the difference between exports and imports of goods. From an analytical view it is arbitrary to distinguish goods from services. For example, a unit of foreign exchange earned by a freight company strengthens the balance of payments to the same extent as the foreign exchange earned by a goods exporter. Even so, the trade balance is useful because it is often the most timely indicator of trends in the current account balance. Customs authorities are typically able to provide data on trade in goods long before data on trade in services are available.

value: Note: Data are based on the sixth edition of the IMF's Balance of Payments Manual (BPM6) and are only available from 2005 onwards.


Italy

iso2Code: IT

capitalCity: Rome

country_code: ITA

country_name: Italy

value: Annual

value: Discrepancies may arise in the balance of payments because there is no single source for balance of payments data and therefore no way to ensure that the data are fully consistent. Sources include customs data, monetary accounts of the banking system, external debt records, information provided by enterprises, surveys to estimate service transactions, and foreign exchange records. Differences in collection methods - such as in timing, definitions of residence and ownership, and the exchange rate used to value transactions - contribute to net errors and omissions. In addition, smuggling and other illegal or quasi-legal transactions may be unrecorded or misrecorded.

value: Economic Policy & Debt: Balance of payments: Current account: Transfers


Net secondary income (BoP, current US$)

Jamaica

iso2Code: JM

iso2code: ZJ

value: Latin America & Caribbean

iso2code: XJ

value: Latin America & Caribbean (excluding high income)

capitalCity: Kingston

country_code: JAM

country_name: Jamaica

value: Secondary income refers to transfers recorded in the balance of payments whenever an economy provides or receives goods, services, income, or financial items without a quid pro quo. All transfers not considered to be capital are current. Data are in current U.S. dollars.

value: International Monetary Fund, Balance of Payments Statistics Yearbook and data files.

value:
The balance of payments (BoP) is a double-entry accounting system that shows all flows of goods and services into and out of an economy; all transfers that are the counterpart of real resources or financial claims provided to or by the rest of the world without a quid pro quo, such as donations and grants; and all changes in residents' claims on and liabilities to nonresidents that arise from economic transactions. All transactions are recorded twice - once as a credit and once as a debit. In principle the net balance should be zero, but in practice the accounts often do not balance, requiring inclusion of a balancing item, net errors and omissions.

The concepts and definitions underlying the data are based on the sixth edition of the International Monetary Fund's (IMF) Balance of Payments Manual (BPM6). Balance of payments data for 2005 onward will be presented in accord with the BPM6. The historical BPM5 data series will end with data for 2008, which can be accessed through the World Development Indicators archives.

The complete balance of payments methodology can be accessed through the International Monetary Fund website (www.imf.org/external/np/sta/bop/bop.htm).


value: World Development Indicators

Jordan

iso2Code: JO

value: Middle East & North Africa

value: Middle East & North Africa (excluding high income)

value: Lower middle income

value: IBRD

capitalCity: Amman

country_code: JOR

country_name: Jordan


Net secondary income (BoP, current US$)

value: Economy & Growth

Japan

iso2Code: JP

value: East Asia & Pacific

iso2code: XD

value: High income

value: Not classified

capitalCity: Tokyo

country_code: JPN

country_name: Japan

value: CC BY-4.0


Kazakhstan

iso2Code: KZ

value: Europe & Central Asia

value: Europe & Central Asia (excluding high income)

iso2code: XT

value: Upper middle income

iso2code: XF

capitalCity: Astana

country_code: KAZ

country_name: Kazakhstan

value: Net secondary income (BoP, current US$)

value:
The balance of payments records an economy’s transactions with the rest of the world. Balance of payments accounts are divided into two groups: the current account, which records transactions in goods, services, primary income, and secondary income, and the capital and financial account, which records capital transfers, acquisition or disposal of nonproduced, nonfinancial assets, and transactions in financial assets and liabilities. The current account balance is one of the most analytically useful indicators of an external imbalance.

A primary purpose of the balance of payments accounts is to indicate the need to adjust an external imbalance. Where to draw the line for analytical purposes requires a judgment concerning the imbalance that best indicates the need for adjustment. There are a number of definitions in common use for this and related analytical purposes. The trade balance is the difference between exports and imports of goods. From an analytical view it is arbitrary to distinguish goods from services. For example, a unit of foreign exchange earned by a freight company strengthens the balance of payments to the same extent as the foreign exchange earned by a goods exporter. Even so, the trade balance is useful because it is often the most timely indicator of trends in the current account balance. Customs authorities are typically able to provide data on trade in goods long before data on trade in services are available.

value: Note: Data are based on the sixth edition of the IMF's Balance of Payments Manual (BPM6) and are only available from 2005 onwards.

value: Annual

value: Discrepancies may arise in the balance of payments because there is no single source for balance of payments data and therefore no way to ensure that the data are fully consistent. Sources include customs data, monetary accounts of the banking system, external debt records, information provided by enterprises, surveys to estimate service transactions, and foreign exchange records. Differences in collection methods - such as in timing, definitions of residence and ownership, and the exchange rate used to value transactions - contribute to net errors and omissions. In addition, smuggling and other illegal or quasi-legal transactions may be unrecorded or misrecorded.