invisible balance

n (Economics) economics the difference in value between total exports of services plus payment of property incomes from abroad and total imports of services plus payment abroad of property incomes. Compare balance of trade

Thesaurus

Noun

invisible balance - the difference in value over a period of time of a country's imports and exports of services and payments of property incomesbalance - the difference between the totals of the credit and debit sides of an account

invisible balance

Invisible Balance

The aggregate value of a country's exports and imports of services but not goods. The invisible balance is a subset of the balance of trade, which is the same thing but includes goods.

invisible balance

a statement of a country's trade in SERVICES (invisibles) with the rest of the world over a particular period of time. The term ‘invisible balance’ specifically excludes trade in GOODS (visibles) and concentrates on the foreign currency earnings and payments associated with banking, insurance, tourism, together with interest and profits on foreign investments. Unlike visible transactions (which can be seen and recorded by a country's customs authorities as they cross national frontiers), invisible receipts and payments are recorded from data supplied by companies and financial institutions to a country's central bank. See BALANCE OF PAYMENTS.

invisible balance

noun

Words related to invisible balance

noun the difference in value over a period of time of a country's imports and exports of services and payments of property incomes

Related Words

balance

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