Concept information
Término preferido
invisible trade balance
Definición
- Invisible trade balance (ITB) refers to the net monetary value resulting from a country's international trade in invisibles during a given period of time, and it forms an important component of the country's balance of payments (BOP). ITB can be defined as the difference between the total monetary value of invisible exports (exports of intangibles) and invisible imports (imports of intangibles) of a country during a specified period of time, in general, a year or a quarter for which the country's BOP records are prepared. [Source: Encyclopedia of Business in Today's World; Invisible Trade Balance]
Concepto genérico
Pertenece al grupo
URI
http://data.loterre.fr/ark:/67375/N9J-S5891KP6-6
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