The balance of payments of a country is the difference between all money flowing into the country in a particular period of time and the outflow of money to the rest of the world.

What is meant by BOP?

The balance of payments (BOP) is an accounting of a country's international transactions for a particular time period. Any transaction that causes money to flow into a country is a credit to its BOP account, and any transaction that causes money to flow out is a debit.

What is BOP simple words?

Balance of Payment. ... Balance Of Payment (BOP) is a statement which records all the monetary transactions made between residents of a country and the rest of the world during any given period.