The Balance of Payments (BoP) systematically summarizes all economic transactions between the residents and the non-residents of a country or of an economic area during a given period. The BoP provides harmonized information on international transactions which are part of the current, capital and financial accounts.
The Current account provides information about the transactions of a country with the rest of the world. It covers all transactions (other than those in financial items) in goods, services, primary income and secondary income, which occur between resident and non-resident units.
The MIP scoreboard indicator is 3 years average of Current account balance as % of GDP. In addition annual and quarterly data on the BoP sub-balances and its components are published under the MIP domain.