•flow of funds, into the country (credits) and out of the country (debits), associated with the acquisition or disposal of fixed assets
•measure of net monetary movements gained or lost through actions e.g. transfer of goods and financial assets by migrants entering or leaving the country, debt forgiveness, transfers relating to sale of fixed assets (tangible assets that firms own and use in production that have a useful life of at least one year), gift taxes, inheritance taxes, and death duties.
TRANSACTIONS IN NO PRODUCED, NON FINANCIAL ASSETS:
consisting of net international sales and purchases of non produced assists e.g. land or rights to natural resources, and net international sales and purchases of intangible assets such as patents, copyrights, brand names or franchises.