The White Cover (pre-edited) version of the seventh edition of the IMF’s Integrated Balance of Payments and International Investment Position Manual (BPM7) is released.
The strategy paper for the implementation of BPM7 is available here.
The IMF Statistics Department has launched the update of the sixth edition of the Balance of Payments and International Investment Position Manual (BPM6) targeting to publish an updated version of the Manual (BPM7) by March 2025. The BPM6 update is being coordinated with the update of the System of National Accounts 2008 (2008 SNA), which was officially launched by the United Nations Statistical Commission (UNSC) also with a target release date of March 2025.
Key elements of the BPM6 Update process and the timetable were endorsed by the IMF’s Committee on Balance of Payments Statistics (BOPCOM) at its Thirty-Third Meeting in March 2020.
The two phases of the update process are:
Task Teams (TTs)/joint TTs have been established to advise BOPCOM and the Inter‑secretariat Working Group on National Accounts (ISWGNA) on research issues relevant to the BPM6 and the 2008 SNA Update.
Global Consultation on Annotated Outlines for Chapters in the Updated System of National Accounts and Balance of Payments Manual
Several Annotated Outlines have been prepared to assist in the drafting of chapters for the updates of the 2008 System of National Accounts (2008 SNA) and the sixth edition of the Balance of Payments and International Investment Position Manual (BPM6). The draft Annotated Outlines are now being made available for global consultation on the SNA update website and on this website (as appropriate). Users and compilers of macroeconomic statistics are encouraged to review the Annotated Outlines and provide feedback through the Survey link below.
| Global Consultation on Annotated Outlines | |
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Global Consultation on Annotated Outlines for Chapters in the Updated System of National Accounts and Balance of Payments Manual – First Round (Survey closed January 7, 2023) |
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| Global Consultation on Annotated Outlines for Chapters in the Updated System of National Accounts and Balance of Payments Manual – Second Round (Survey closed March 24, 2023) |
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| Global Consultation on Annotated Outlines for Chapters in the Updated System of National Accounts and Balance of Payments Manual – Third Round (Survey closed May 5, 2023) |
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| Global Consultation on Annotated Outlines for Annexes in the updated Balance of Payments Manual – Fourth Round (Survey closed June 2, 2023) |
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Global Consultation Survey (available on unstats.un.org) |
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Annotated Outlines for SNA Chapters (available on unstats.un.org) |
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Annotated Outlines for BPM Chapters |
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Survey on the Holistic Review of BPM6 Update Priorities
The purpose of this survey is to receive inputs on the costs and benefits of introducing new data breakdowns in connection with the update of the sixth edition of the Balance of Payments and International Investment Position Manual (BPM6). If you are a user of external sector statistics, you are being asked to assess the benefits of implementing new data breakdowns. If you are a compiler, you are being asked to assess the costs and optionally—if you are also a data user—the benefits.
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Holistic Review of BPM6 Update Priorities (Survey on this Holistic Review closed on August 15, 2022) |
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Outcomes of the Holistic Review Survey of BPM6 Update Priorities |
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Further information
This website will be updated from time to time to provide information on the revision process, and to seek comments on (i) key proposals of the TTs dedicated to addressing specific research issues; (ii) the draft BPM7 Annotated Outline; and (iii) draft BPM7 Chapters and appendixes. General and specific questions and comments are welcomed and should be sent to STABPM6Update@imf.org.
Two rounds of regional outreach seminars are being held to raise global awareness, engage with countries, explain the proposed changes in BPM7, collect input from compilers, and discuss implementation plans.
The first round of outreach seminars is being held virtually. Most events will also be covering the proposed changes in the 2025 System of National Accounts (2025 SNA). Below are the materials that were used during the outreach events that were conducted so far.
Please note that the material in each seminar may include some updates compared to the previous seminars, taking into consideration the developments during the respective periods.
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Collaborating Institutions |
Dates |
Agenda |
Presentations |
| African Union Statistical Institute (STATAFRIC)/UN Economic Commission for Africa (UNECA)/IMF | April 23-25, 2024 | ENG | |
| United Nations Economic and Social Commission for Asia and the Pacific (UNESCAP)/IMF |
March 26-27 & |
ENG | |
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European Central Bank (ECB)/EUROSTAT/IMF |
March 12-15, 2024 |
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United Nations Economic Commission for Europe (UNECE)/IMF |
March 6-7, 2024 |
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The Caucasus, Central Asia, and Mongolia Regional Capacity Development Center (CCAMTAC)/IMF |
January 23-25, 2024 |
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Arab Monetary Fund (AMF)/IMF |
December 12-14, 2023 |
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Center for Latin American Monetary Studies (CEMLA)/IMF (BPM Only) |
May 23-24, 2023 |
The second round of seminars is planned to kick off in 2025, after the publication of BPM7 and the 2025 SNA, and extend into 2026.
