Balance of Payments and International Investment Position Statistics

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Canonical URL: Balance of Payments and International Investment Position Statistics

Title: Balance of Payments and International Investment Position Statistics (BOP-IIPx)
Session No.: OL 21.139
Location: Course conducted online
Date: September 1, 2021 - December 31, 2021 (18 weeks)
Delivery Method: Online Training
Primary Language: English
Presentation: Presented by the Statistics Department
Deadline status: Deadline passed

Target Audience:
- Those interested in learning the fundamentals of compiling international accounts covering balance of payments and international investment position (IIP) statistics according to internationally accepted standards.
- Those who compile, or plan to compile, balance of payments and IIP statistics.
- The general public.
- The course is a basic-level course laying the foundation for the face-to-face intermediate balance of payments and IIP statistics course.
Qualifications and requirements:
- Some knowledge of economics and statistics or equivalent experience is helpful.
- Access to a computer with a reliable Internet connection and a Google Chrome web browser are essential.

Framework and standards:
- Introduces the conceptual statistical framework for balance of payments and IIP as presented in the Balance of Payments and International Investment Position Statistics Manual, sixth edition (BPM6), which is harmonized with other macroeconomic statistical frameworks.
Accounts and categories covered:
- Current, capital, and financial account balances and how they reflect an economy's interaction with the rest of the world.
- Functional categories, including direct investment.
Compilation issues and rules:
- Basic concepts, definitions, and classifications.
- Principal accounting rules relevant for compilation of the international accounts, including valuation and time of recording.
- Need for integration of the balance of payments with the IIP to compile comprehensive, internationally comparable statistics.

Upon completion of the course, participants should be able to:

Explain the framework of the balance of payments and IIP and relevant indicators, such as the current, capital, and financial accounts balances.
Apply core concepts and definitions relevant to the international accounts such as residence, economic territory, predominant center of economic interest, and accounting rules.
Classify cross-border transactions and positions according to the BPM6.
Record the main components of balance of payments and IIP.
Explain the direct investment framework and its role in the economy, including as a source of financing.
Compare different functional categories and understand the economic interpretation for each category.
Recognize the need for integration of the balance of payments with the IIP for producing consistent and coherent data.