This biennial report provides a quality review of the national balance of payments (b.o.p.), international investment position (i.i.p.) and international reserves template of the Eurosystem (international reserves), as well as the associated euro area aggregates.1 The report fulfils the formal...

This biennial report provides a quality review of the national balance of payments (b.o.p.), international investment position (i.i.p.) and international reserves template of the Eurosystem (international reserves), as well as the associated euro area aggregates.1 The report fulfils the formal...

This booklet provides updated, detailed information on the transmission of monthly and quarterly balance of payments (b.o.p.) statistics, as well as international investment position (i.i.p.) and international reserves template data within the European System of Central Banks (ESCB). It also...

This paper presents the overview quality report on: balance of payments (BOP) statistics, international investment position (IIP) statistics, international trade in services statistics (ITSS), and foreign direct investment (FDI) statistics. These statistics are being provided by Member States of...

The 2023 Annual Report of the IMF Committee on Balance of Payments Statistics (the Committee) provides an overview of recent trends in global balance of payments and international investment position statistics, including the impact of the recovery from the COVID-19 pandemic on selected balance...

Recent years have shown a significant acceleration in the adoption and development of blockchains or Distributed Ledger Technologies, particularly in the financial sector. Alongside the well-known and widely used Bitcoin, other cryptocurrencies have been developed and have become popular...

At the end of Q2 2023, the current account surplus of the balance of payments fell 14-fold compared to Q2 2022 as a result of a decrease in the value of exports and an increase in the value of imports. At the same time, the financial account deficit was formed as a result of the outstripping...

The European Central Bank (ECB), with the support of the European System of Central Bank's (ESCB's) Statistics Committee, compiles and publishes the balance of payments (b.o.p.) and the international investment position (i.i.p.) of the euro area. These statistics depict the economic relations of...

Many developing countries rely on money sent back home by their citizens as a reliable source of revenue. The implications of international remittances on the balance of payments in the Philippines will be investigated in this study. Through remittances, overseas Filipinos send money home to...

The 2022 Annual Report of the IMF Committee on Balance of Payments Statistics (the Committee) provides an overview of recent trends in global balance of payments and international investment position statistics, on this occasion with special emphasis on the significant effects of the pandemic on...

At the end of Q1 2023, the current account surplus shrank almost 4 times compared to Q1 2022 as a result of a reduction in the value of exports and sanctions restrictions. The financial account deficit was shaped influenced by the reduction of foreign liabilities of all sectors of the economy...

As of Q2-end 2022, the current account surplus went up 4.1-fold compared to the same period of the last year on the back of growth in the value of Russian exports amid high prices for commodities and reduction of imports under the sanctions. The deficit of the financial account of the balance of...

Based on the results of Q3 2022, the current account surplus fell by 32% as compared to Q2 2022 owing to a gradual reduction in exports in value terms and a pickup in imports amid sanctions and establishment of alternative sources of supplies. In Q3 2022, the deficit of the financial account...

"This book examines the statistics of the G-20 members with the goal of providing an analysis of their economic policies, with a particular emphasis on the financial dynamics of each country's Balance of Payments, in order to offer a framework for better understanding where we are headed in an...

Foreword (Sabine Mauderer, Vice-President of the Deutsche Bundesbank) -- Introduction (Ursula Schipper, Jens Walter, Robert Kirchner) -- Part I: 100 Years Balance of Payments in Germany: The German Balance of Payments from an Analytical Perspective – Milestones Through History (Axel Jochem,...

The 2021 Annual Report1 of the IMF Committee on Balance of Payments Statistics (the Committee) provides an overview of recent trends in global balance of payments and international investment position statistics, on this occasion with special emphasis on the significant effects of the pandemic...

In 2021, according to preliminary estimates, the current account balance was more than three times higher than the previous year. In particular, the positive balance of Russia’s trade balance has increased significantly and reached record values due to the outstripping growth in the value of...

In Q3 2021, the current account surplus of the RF balance of payments picked up considerably as compared to the same period of the previous year. It happened primarily owing to the appreciation of prices for primary products and increased export volumes thereof. At the same time, there was...

In 2020, the Spanish economy recorded net lending of 1.1% of GDP, significantly below the previous year’s level of 2.5%. This decline essentially reflects the impact of the health crisis on travel credits, which contracted sharply, owing to the restrictions on international mobility and on...

In Q1 2021, Russia’s trade surplus reduced by almost one third compared to Q1 2020 due to growth in the total value of imports. Net capital outflows from the private sector decreased compared to the same period last year. This was mainly due to the growth of foreign banking assets and other...

In 2020, Russia’s export balance of trade plunged against 2019 on the back of decrease in exports value amid slight decline in imports. Current account balance remained positive in spite of a blend of most adverse factors. In 2020, net outflow of private capital doubled compared to 2019....

San Marino entered the pandemic with substantial vulnerabilities and still struggling from the consequences of the Global Financial Crisis (GFC). However, the economy has shown significant resilience supported by a timely and targeted policy response. Fiscal support was substantially scaled up...

Austria entered the crisis from a strong position. Prudent policies prior to the pandemic provided significant policy space. Several lockdowns helped contain the virus but significantly impaired the economy. Real GDP contracted by 6.3 percent in 2020 and declined further in early 2021. The 2021...

In Q3 2021, the current account surplus of the RF balance of payments picked up considerably as compared to the same period of the previous year. It happened primarily owing to the appreciation of prices for primary products and increased export volumes thereof. At the same time, there was...

External statistics - specifically balance of payments and international investment position statistics - are among the primary statistics on which policy-making bodies and markets rely as a basis for their decisions in globalised economies. Monitoring and enhancing data quality in the context...

Quality is a subjective notion and encompasses all aspects of how well a product meets users' needs. It is inherently a multi-faceted concept that cannot be easily defined; any chosen definition is likely to change over time as new aspects gain importance following the evolving users' needs. The...

When new international statistical standards were published in 1993, one of the major changes to the recommended presentation of the system of national accounts and the balance of payments was the adoption of accruals reporting for income and expenditure. However, as countries have begun to...

The 2019 Annual Report of the IMF Committee on Balance of Payments Statistics (the Committee) provides an overview of recent trends in global balance of payments and international investment position statistics, summarizes the Committee's work during 2019, and presents the work program of the...

According to the balance of payments statistics, Spain's net lending stood at 2.3% as a percentage of GDP in 2019, slightly down on the prior year, against a backdrop of continued, albeit slowing, economic growth. Developments in net lending are explained by the reduction in the capital account...

This paper examines the effect of administrative restrictions on cross-border capital transactions. Using highly disaggregated data from the German balance of payments statistics for the period from 1999 through 2017, we document several stylized facts about the effectiveness of such capital...

This paper examines the effect of administrative restrictions on cross-border capital transactions. Using highly disaggregated data from the German balance of payments statistics for the period from 1999 through 2017, we document several stylized facts about the effectiveness of such capital...

Russia's positive balance of trade significantly decreased in Q2 on the back of rapid contraction of exports value compared to imports. Net capital inflow was observed in the sector of federal administrative bodies and private enterprises. Banks were building- up foreign assets and were reducing...

Since the adoption of new methodological standards for European national accounts and balance of payments (BoP) statistics in 2014, both statistical domains should be directly comparable and fully consistent. The latter implies that data elements that describe the same economic phenomena related...