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social science subjects > economics > economic concepts > international trade > invisible trade balance
... > contexts > population characteristics > socioeconomic factors > poverty > economics of poverty > international trade > invisible trade balance
social science subjects > business and management > international business > international trade > invisible trade balance
social science subjects > politics and international relations > international relations > international trade > invisible trade balance
... > social science subjects > criminology and criminal justice > criminology > law and society > law and political science > international trade > invisible trade balance
... > social science subjects > politics and international relations > political science > law and courts > law and society > law and political science > international trade > invisible trade balance

Preferred term

invisible trade balance  

Definition

  • Invisible trade balance (ITB) refers to the net monetary value resulting from a country's international trade in invisibles during a given period of time, and it forms an important component of the country's balance of payments (BOP). ITB can be defined as the difference between the total monetary value of invisible exports (exports of intangibles) and invisible imports (imports of intangibles) of a country during a specified period of time, in general, a year or a quarter for which the country's BOP records are prepared. [Source: Encyclopedia of Business in Today's World; Invisible Trade Balance]

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https://concepts.sagepub.com/social-science/concept/invisible_trade_balance

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