Balance of Payments and International Investment Position Statistics

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Canonical URL: Balance of Payments and International Investment Position Statistics

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.

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.
Open to those who compile, or plan to compile, balance of payments and IIP statistics and to the general public.
Positioned as a basic-level course laying the foundation for the intermediate balance of payments and IIP statistics course.

Presented by the Statistics Department, the course covers fundamentals needed to compile the international accounts.
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), harmonized with other macroeconomic statistical frameworks.
Covers the current, capital, and financial account balances, and how they reflect an economy's interaction with the rest of the world.
Includes basic concepts, definitions, and classifications, along with principal accounting rules (including valuation and time of recording) relevant for compilation of the international accounts.
Discusses the functional categories, including direct investment.
Addresses the need for integration of the balance of payments with the IIP for compiling comprehensive, internationally comparable statistics.

Explain the international accounts framework of the balance of payments and IIP and relevant indicators, such as the current, capital, and financial accounts balances, and net IIP.
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 international standards in BPM6.
Record the main components of the current account, including goods, services, primary income, and secondary income, as well as the capital account.
Identify transactions in financial assets and liabilities and their link to investment income.
Explain the direct investment framework and its role in the economy, including as a source of financing.
Compare the 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.