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RBA Glossary definition for balance of payments

balance of payments – A summary of the economic transactions between residents of one country and residents of other countries.

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Reserve Bank of Australia

3 May 2024
We are Australia's central bank. We conduct monetary policy, work to maintain a strong financial system and issue the nation's currency.
https://www.rba.gov.au/

Reserve Bank of Australia Annual Report 2023

1 May 2024 RBA Annual Report - 2023 PDF 9575KB
https://www.rba.gov.au/publications/annual-reports/rba/2023/pdf/rba-annual-report-2023.pdf

Reserve Bank of Australia Annual Report 2023

1 May 2024 RBA Annual Report - 2023 PDF 304KB
https://www.rba.gov.au/publications/annual-reports/rba/2023/pdf/risk-management.pdf

Reserve Bank of Australia Annual Report 2023

1 May 2024 RBA Annual Report - 2023 PDF 358KB
https://www.rba.gov.au/publications/annual-reports/rba/2023/pdf/banking-and-payment-services.pdf

Trends in Australia’s Balance of Payments | Explainer | Education

30 Apr 2024
This series provides short, concise explanations for various economics topics.
https://www.rba.gov.au/education/resources/explainers/trends-in-australias-balance-of-payments.html

The Balance of Payments | Explainer | Education

30 Apr 2024
This series provides short, concise explanations for various economics topics.
https://www.rba.gov.au/education/resources/explainers/the-balance-of-payments.html

Exchange Rates and their Measurement | Explainer | Education

30 Apr 2024
This series provides short, concise explanations for various economics topics.
https://www.rba.gov.au/education/resources/explainers/exchange-rates-and-their-measurement.html

Drivers of the Australian Dollar Exchange Rate | Explainer | Education

30 Apr 2024
This series provides short, concise explanations for various economics topics.
https://www.rba.gov.au/education/resources/explainers/drivers-of-the-aud-exchange-rate.html

The Balance of Payments

29 Apr 2024 PDF 152KB
The Balance of Payments. RESERVE BANK OF AUSTRALIA | Education 1The Balance of Payments. ... Because of this there is an additional item included in the balance of payments, known as ‘net errors and omissions’, to ensure that it always balances.
https://www.rba.gov.au/education/resources/explainers/pdf/the-balance-of-payments.pdf

Exchange Rates and their Measurement

29 Apr 2024 PDF 259KB
Changes in it affect economic activity, inflation and the nation’s balance of payments.
https://www.rba.gov.au/education/resources/explainers/pdf/exchange-rates-and-their-measurement.pdf