![cover image](https://wikiwandv2-19431.kxcdn.com/_next/image?url=https://upload.wikimedia.org/wikipedia/commons/thumb/1/19/Country_foreign_exchange_reserves_minus_external_debt.png/640px-Country_foreign_exchange_reserves_minus_external_debt.png&w=640&q=50)
Balance of payments
Difference between the inflow and outflow of money to a country at a given time / From Wikipedia, the free encyclopedia
Dear Wikiwand AI, let's keep it short by simply answering these key questions:
Can you list the top facts and stats about Capital movement?
Summarize this article for a 10 year old
In international economics, the balance of payments (also known as balance of international payments and abbreviated BOP or BoP) of a country is the difference between all money flowing into the country in a particular period of time (e.g., a quarter or a year) and the outflow of money to the rest of the world. In other words, it is economic transactions between countries during a period of time. These financial transactions are made by individuals, firms and government bodies to compare receipts and payments arising out of trade of goods and services.
![Thumb image](http://upload.wikimedia.org/wikipedia/commons/thumb/1/19/Country_foreign_exchange_reserves_minus_external_debt.png/640px-Country_foreign_exchange_reserves_minus_external_debt.png)
The balance of payments consists of two primary components: the current account, and the capital account. The current account reflects a country's net income, while the capital account reflects the net change in ownership of national assets.