Quality report on balance of payments, international trade in services and foreign direct investment : 2014 data : 2015 edition

This Statistical Working Paper presents the quality report on Balance of Payments (BOP), International Trade in Services Statistics (ITSS) and Foreign Direct Investment (FDI) statistics for the year 2014 transmitted by Member States of the European Union (EU) as well as Iceland and Norway. The quality assessment has been carried out according to Article 4, Regulation (EC) No 184/2005(1). The report shows the first assessment results since the update of the data requirements by Commission Regulation (EU) No 555/2012 of 22 June 2012 amending Regulation (EC) No 184/2005 and the introduction of the methodology outlined in the 6th edition of Balance of Payments and International Investment Position Manual of the International Monetary Fund (BPM6). The results of the first quality assessment after the introduction of the BPM6 meet the expectations. All Member States except for Croatia coped with the changed data requirements and methodology. The situation regarding BOP data is the most satisfactory from a quality point of view while improvements are most often needed in the area of FDI statistics.