Data extracted in January 2022
Planned article update: January 2023
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Balance of payments
The balance of payments records all economic transactions between resident and non-resident entities during a given period. This article presents data on the current and financial accounts of the balance of payments for the European Union (EU) and its Member States. Data are presented in regard to the compilation standard of the IMF’s sixth balance of payments manual (BPM6).
The balance of the current and capital accounts determines the exposure of an economy to the rest of the world [1], whereas the financial account explains how it is financed. Ideally, the balance of the current and capital accounts should equal the total net of the financial account, otherwise net errors and omissions were recorded. Articles on foreign direct investment (in chapter 4) provide more information on one component of the financial account, while an article on international trade in services focuses on one component of the current account.
Source: Eurostat (demo_pjan)
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- ↑ see manual
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