Concept information
Preferred term
balance of goods and services
Definition(s)
- The balance of goods and services, also known as the trade balance, is part of the Current Account (CA) balance in a nation's Balance of Payments (BoP) statistics. This net measure of a country's position with respect to trade in goods and services is a widely cited statistic in the context of the current U.S. trade deficit and implications for its sustainability in future years. [Source: Encyclopedia of Business in Today's World; Balance of Goods and Services]
Broader concept(s)
Belongs to group
URI
http://data.loterre.fr/ark:/67375/N9J-FLQBX9NQ-5
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