{"iri":"https://lexicon.financial/business/bea/BalanceOnGoodsAndServices","label":"Balance on goods and services","definition":"Record of the difference between exports of goods and services and imports of goods and services . In the broad sense, this balance is conceptually equal to net exports of goods and services , which is a component of gross domestic product (GDP) .","license":"https://www.usa.gov/government-copyright","source":"bea","source_url":"https://www.bea.gov/help/glossary/balance-goods-and-services"}