Define autonomous items in a BOP.

● Autonomous transaction refers to those international economic transactions which are undertaken with the motive of earning a profit.

● Transactions are independent of the state of the country's balance of payment.

● They are called above the line items of the balance of payment.

● If the autonomous receipts are less than the autonomous payment the balance of payment is in deficit.

● If the autonomous receipts are more than the autonomous payment the balance of payment is in surplus.