The balance of payments accounting framework

Release date
Vol. 61. No. 1. March 1998
Robert St. Clair
The balance of payments statement is a record of New Zealand residents’ transactions with residents of other countries. The accounting framework covers the external transactions of all sectors of the economy – that is the household, government, and business, including financial, sectors. Transactions are recorded in New Zealand dollars and at the time ownership changes, or, in the case of services, when the service is performed.