Mathematics · Balance of Payments Calculation
A country reports the following Balance of Payments (BoP) data for a financial year (in USD billion): Merchandise exports = 350 Merchandise imports = 420 Services exports = 180 Services imports = 110 Remittances received = 90 Income payments abroad = 30 Net capital account = 25 Net financial account inflows = 60 Errors & omissions = −5 Calculate the overall BoP surplus/deficit.
Verified Solution4 OptionsUpdated: October 2026👁️1 View
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- 1Deficit of USD 20 billion
- 2Surplus of USD 130 billion
- 3Deficit of USD 10 billion
- 4Surplus of USD 140 billion✓
Correct answer
Surplus of USD 140 billion
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