Private current transfer receipts are current transfer payments received by private persons and nonofficial organizations of the reporting country from the rest of the world that carry no provisions for repayment. The World Bank adheres to international guidelines in defining GNP, and its classification of workers' remittances may therefore differ from national practices. This item shows payments from the reporting country. The category of merchandise has been replaced by a broader category of goods. Travel covers goods and services acquired from an economy by travelers for their own use during visits of less than one year in that economy for either business or personal purposes.
Communications cover international telecommunications and postal and courier services.
Communications, computer, etc. Income derived from the use of intangible assets is excluded from income and recorded under business services. Official current transfer payments are current transfer payments from governments of the reporting country to the rest of the world. Private current transfer payments are current transfer payments from private persons and nonofficial organizations of the reporting country to the rest of the world that carry no provisions for repayment. Net trade in goods and services is derived by offsetting imports of goods and services against exports of goods and services.