invisible balance(redirected from Invisible Trade Balance)
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The aggregate value of a country's exports and imports of services but not goods. The invisible balance is a subset of the balance of trade, which is the same thing but includes goods.
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invisible balancea statement of a country's trade in SERVICES (invisibles) with the rest of the world over a particular period of time. The term ‘invisible balance’ specifically excludes trade in GOODS (visibles) and concentrates on the foreign currency earnings and payments associated with banking, insurance, tourism, together with interest and profits on foreign investments. Unlike visible transactions (which can be seen and recorded by a country's customs authorities as they cross national frontiers), invisible receipts and payments are recorded from data supplied by companies and financial institutions to a country's central bank. See BALANCE OF PAYMENTS.
Collins Dictionary of Economics, 4th ed. © C. Pass, B. Lowes, L. Davies 2005