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Balance of Payments

Balance of Payment Survey

  • 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.
  • The Balance of Payments surveys captures the records of transactions undertaken by residents, (that is, businesses, individuals, government and other organizations) of a country with residents of other countries over a period of time. Grenada’s balance of payments is compiled in accordance with international standards using Balance of Payment Manual (Rev 6 BPM).