Balance of Payments
The BoP records the country’s monetary transactions with the rest of the world. All trades conducted by the private and public sector are accounted for in the BoP to determine how much money is going in and out of a country.
Within the BOP there are three separate categories:
Current account records the inflow and outflow of goods, services and income. A current account is the sum of a nation's balance of trade, net factor income (interest, dividends), and net transfer payments (foreign aid). Balance of trade is the difference between the monetary value of exports and imports.
Capital account records all international capital transfers.
Financial account is the international monetary flows such as business or portfolio investments.