The Balance of Payments is a record of all economic transactions between a country and the rest of the world. It is an important indicator of a country's economic health, as it shows the net amount of money flowing into and out of the country. The Balance of Payments includes all imports and exports
From Wikipedia
In international economics, the balance of payments of a country is the difference between all money flowing into the country in a particular period of time and the outflow of money to the rest of the world. These financial transactions are made by individuals, firms and government bodies. BoP compares receipts and payments arising out of trade of goods and services as well as international investment.