Balance of Payments

Balance of payments statistics (www.oecd.org/std/bop) provide a systematic summary of economic transactions between an economy and the rest of the world, for a specific time period. The transactions included comprise: goods, services, income, transfers and financial claims.

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Trade flows collapse in Q4 2008 but signs of falls easing in early 2009

30-Apr-2009

Merchandise trade volumes of the Group of Seven (G7) took an unprecedented drop in the last quarter of 2008 compared with the previous quarter. However, provisional monthly data for January and February 2009 measured in value terms suggest a slowing down of the rate of decline.

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