The basic categories of transactions of transactions included in the Balance of Payments relate to goods, services, primary income, secondary income (previous current transfers), capital account (previous capital transfers), and the financial account.
The aggregate (receipts minus payments) of the goods, services, primary income and secondary income balances constitutes the Current Account Balance, which, if positive, reflects the country’s net investment abroad, and if negative, reflects foreign net investment in the country.
The value of the combined Current Account and Capital Account Balance must be equal to the value of the Financial Account. However, in reality this is not the case, as the recording of Balance of Payments transactions is neither complete nor accurate, hence the ‘Errors and Omissions’ account, which always equilibrates the above two balances.
Balance of Payments: annual data
Balance of Payments: monthly data