YHU Scientific Journal, Vol 10, p46-51, 2024
THE PAYMENT BALANCE OF THE REPUBLIC OF ARMENIA
Anna Harutyunyan, Sona Hovhannisyan
Yerevan Haybusak University, Institute of Economics, Management and Informatics
Submitted 12.04 , Accepted 26.06
DOI: 10.61484/29538181-sj.10.24-06
Summary . Every country is part of the global economy. It is rare to find countries that are isolated and do not cooperate with other countries. It is difficult for them to create a healthy economy isolated from the global economic system. Foreign economic relations between countries were initiated through trade. Countries’ cooperation with other countries is reflected in the country’s balance of payments. The balance of payments is one of the key concepts expressing the country’s external economic relations. It coordinates and thusallows the country to analyze itss relations with the outside world.
Keywords: Balance of payments, the balance of trade, capital account, financial account, saldo of balance
Summary . Every country is part of the global economy. It is rare to find countries that are isolated and do not cooperate with other countries. It is difficult for them to create a healthy economy isolated from the global economic system. Foreign economic relations between countries were initiated through trade. Countries’ cooperation with other countries is reflected in the country’s balance of payments. The balance of payments is one of the key concepts expressing the country’s external economic relations. It coordinates and thusallows the country to analyze itss relations with the outside world.
Keywords: Balance of payments, the balance of trade, capital account, financial account, saldo of balance