CONCEPTS AND DEFINITIONS
Eurostat's Concepts and Definitions Database

 

Term
Transaction
Term extension
Balance of Payments, IMF
Definition
Economic flow that reflects the creation, transformation, exchange, transfer, or extinction of economic value and involves changes in ownership of goods and/or financial assets, the provision of services, or the provision of labour and capital.
Remark
Transactions, for the most part between residents and non residents, consist of those involving goods, services and income; those involving financial claims on and liabilities to the rest of the world; and those classified as transfers, which involve offsetting entries to balance - in an accounting sense - one side transaction.
Source
International Monetary Fund (IMF), "Balance of Payments Manual" (BOP), Fifth Edition, Washington D.C., 1993
Hyperlink
http://ec.europa.eu/eurostat/ramon/statmanuals/files/BoP_Manual_Fifth_Edition_EN.pdf#page=14
Other languages
Term Term extension    
  • Transaktion
  • Zahlungsbilanzen, IMF View (Deutsch)
  • Transaction
  • Balance des paiements, FMI View (Fran├žais)
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