balance of payments in English
- balance of payments⇄balance of payments
the net amount of money when all business between one country and another for a given period of time is balanced, including imports, exports, investments, grants, and tourist expenditures.
balance of payments in Hindi हिन्दी
Balance of Payments
Part of Speech
Noun (plural)
Pronunciation
/ˈbæl.əns əv ˈpeɪ.mənts/
Definitions
- Balance of Payments (noun): A record of all economic transactions between the residents of a country and the rest of the world during a specific time period, typically including trade, investment, and financial transfers.
- Balance of Payments (noun): The difference between a country's exports and imports of goods, services, and capital, often used to assess the economic stability and health of a nation.
Usage Examples
- "A negative balance of payments suggests that a country is importing more than it exports."
- "The government adjusted its economic policies to improve the balance of payments and reduce foreign debt."
- "Changes in the balance of payments can indicate shifts in a country's financial relationships with other nations."
Etymology
The term "balance of payments" derives from the combination of "balance," referring to the concept of equivalence or stability, and "payments," which pertains to the transfer of money or goods. The phrase has been used in economics since the early 20th century, with the development of modern financial systems that track national and international economic transactions.
Synonyms
- International financial balance
- Payment balance
- Balance of trade
Antonyms
- Trade deficit
- Capital outflow
- Current account deficit
Translations
| Language | Translation | Pronunciation |
|---|---|---|
| Spanish | Balance de pagos | /baˈlans de ˈpaɣos/ |
| French | Balance des paiements | /baˈlɑ̃s de pɛˈmɑ̃/ |
| German | Zahlungsbilanz | /ˈtsɑːlʊŋsˌbɪlants/ |
| Italian | Bilancia dei pagamenti | /biˈlantʃa dei paɡaˈmenti/ |
| Portuguese | Balanço de pagamentos | /baˈlãsu dʒi paɡaˈmẽtus/ |
| Chinese (Mandarin) | 国际收支平衡 | /guójì shōuzhī pínghéng/ |
| Russian | Баланс платёжных операций | /bɐˈlans plɐˈtʲoʐnɨx ɐpʲɪɾɐˈt͡sij/ |
| Arabic | ميزان المدفوعات | /mīzān al-madfūʿāt/ |
| Hindi | भुगतान संतुलन | /bhugatān santulan/ |
| Japanese | 国際収支 | /kokusaishūshi/ |
| Greek | Ισορροπία πληρωμών | /isorropía plīro̱món/ |
Regional Pronunciation Variations
The term "balance of payments" has standard pronunciation in English-speaking countries. In other languages, the stress and syllable breakdown may vary slightly. For instance, in French and Spanish, the stress often falls on the first syllable of "balance," whereas in English it may vary depending on regional accents.
Historical Usage
The concept of the balance of payments emerged in the 19th century as part of the development of modern international trade and economics. Economists like David Ricardo discussed the balance between exports and imports, which later expanded into a broader financial concept. The balance of payments has since become a critical measure for assessing a country's financial health and its relationships with global economies.
Cultural Nuances
While the balance of payments is a technical concept in economics, it also has cultural implications. Countries with persistent trade deficits or surpluses may experience political and social pressures related to their economic positions. For instance, nations with large trade surpluses may view their position as a sign of economic strength, while those with deficits may focus on improving domestic industries to reduce reliance on imports.
More Information
The balance of payments is divided into several components, including the current account, capital account, and financial account. The current account tracks trade in goods and services, while the capital and financial accounts deal with investments, loans, and capital transfers. Understanding the balance of payments is essential for assessing the overall economic stability of a country, as large imbalances can indicate underlying financial or economic issues, such as inflation, debt, or currency fluctuations.