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Methodology

Balance of Payment (BoP) data for the EU are produced in accordance with the Regulation n°184/2005 of The European Parliament and of the Council of 12 January 2005 on Community statistics concerning balance of payments, international trade in services and foreign direct investment bop_regulation.pdf (OJ L35/23 of 8/02/2005).

 

In the compilation of BoP, responsibility is shared between Eurostat and the ECB. Eurostat focuses on quarterly and annual aggregates of the EU27 and on detailed ITS (International Trade in Services) data also for the euro area, whereas the European Central Bank (ECB) is in charge of compiling and disseminating the euro area monthly and quarterly balance of payments statistics.

 

For more information on euro area Balance of Payments data, please refer to the ECB website http://www.ecb.int/stats/external/html/index.en.html and the International Monetary Fund site http://dsbb.imf.org/Applications/web/euronote/

 

The methodological framework followed in the compilation of the Balance of Payments is that defined in the fifth edition of the International Monetary Fund Balance of Payments Manual (BPM5).

 

Methodological notes regarding the compilation of the Balance of Payments of the European Union are available in the Balance of Payments metadata files.

 

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Last update 17.07.2009