Transactions where, without any com­pensation, goods, services and financial or non-financial assets not intended for investment are exchanged. Personal income, property and other taxes, social contributions, social benefits, net non-life insurance premiums, non-life insurance claims, government funds transfers under cross-border cooperation, value added tax own resources and gross national income own resources as well as a variety of other transfers, inter alia, transfers between households, are included.
The definition of the concept is consistent with Balance of Payments and International Investment Position Manual (6th edition) of the International Monetary Fund.