Title: BPM6 Compilation Guide
1BPM6 Compilation Guide
- Working Party on International Trade in Goods and
Trade in Services Statistics - Paris, France
- November 79, 2011
2Outline
- Current Status
- Overview of Drafted Chapters
- Coordination with the Services Compilation Guide
- BPM6 CG Timetable
3Current Status (1/2)
- The BPM6 CG will consist of 17 chapters and 2
appendices - 8 chapters and 2 appendices have been drafted and
sent to the members of the IMF Committee on
Balance of Payments Statistics (Committee) for
review - The twenty-fourth meeting of the Committee took
place during October 2426, 2011 in Moscow - Many of the most complex or anticipated chapters
were among those drafted first (e.g., exceptional
financing insurance transactions and positions
services)
4Current Status (2/2)
- BPM6 CG website established in late 2010
- Includes country implementation plans (Chile,
Russian Federation), conversion matrix, as well
as related material - Will be updated with relevant 2011 Committee
papers - STA will post material on new IMF BPM6 CG website
for worldwide comments
5Overview of Drafted Chapters (1/4)
- Chapter 2 How to Conduct a Survey
- Chapter 4 International Transactions Reporting
System - Chapter 5 International Merchandise Trade
Statistics - Chapter 11 Goods
- Chapter 12 Services
- Chapter 13 Primary Income
- Chapter 16 Exceptional Financing
- Chapter 17 The Accessibility and Serviceability
of the Statistics - Appendix II Insurance Transactions and Positions
- Appendix VI Linkages with Other Macroeconomic
Datasets
6Overview of Drafted Chapters (2/4)
- Chapter 2 How to Conduct a Survey
- discusses the procedures of organizing and
conducting a survey - drafted drawing from the CDIS Guide
- Chapter 4 International Transactions Reporting
System - describes the ITRS and the uses of the data from
the ITRS in compiling international accounts - Chapter 5 International Merchandise Trade
Statistics - Examines IMTS and reviews the differences between
the concepts used in IMTS and BPM6 - Chapter 11 Goods
- describes how data on goods transactions could be
obtained from different data sources and used to
compile estimates on a BPM6 basis
7Overview of Drafted Chapters (3/4)
- Chapter 12 Services
- describes the compilation of services components
excepts for insurance and FISIM which are
presented in separate appendixes - Chapter 13 Primary Income
- examines data sources and compilation techniques
of primary income with emphasis on borderline
issues - Chapter 16 Exceptional Financing
- discusses the rearrangement or splitting of the
balance of payments items in the analytical
presentation and reviews the exceptional
financing transactions - drafted drawing from Appendixes 1 and 2 of the
BPM6
8Overview of Drafted Chapters (4/4)
- Chapter 17 The Accessibility and Serviceability
of the Statistics - addresses quality issues relating to dimensions 4
(serviceability) and 5 (accessibility) of the IMF
Data Quality Assessment Framework - Appendix II Insurance Transactions and Positions
- reviews the treatment of the various transactions
relating to insurance, by type of insurance - Appendix VI Linkages with Other Macroeconomic
Datasets - will include three sub-chapters dedicated to
national accounts, monetary and financial
statistics, and government finance statistics - sub-chapter dedicated to national accounts has
been drafted
9Coordination with the Services Compilation Guide
(1/2)
- BPM6 CG provides guidance on data sources and
compilation techniques for all BOP and IIP
accounts. Regarding services account, BPM6 CG
includes one chapter on services, two appendixes
on insurance and FISIM, and a number of model
forms dedicated to collecting data on services
for the BOP needs - The chapter on services together with two
appendices on insurances and FISIM describe data
sources (e.g., ITRS, IMTS, enterprise surveys,
and administrative sources) and compilation
procedures for all types of services
10Coordination with the Services Compilation Guide
(2/2)
- Particular emphasis in BPM6 CG will be on
borderline cases such as - travel versus compensation of employees
- charge for use of intellectual property versus
income or capital account transactions - construction services versus foreign direct
investment manufacturing services on physical
inputs owned by others versus trade in goods - Coordination with the Services CG is important
- As the BPM6 CG will discuss methods of collecting
source data (ITRS, surveys, etc.), the Services
CG could cross reference the BPM6 CG rather than
include similar detailed information on this same
topic
11BPM6 CG Timetable
Activity Target Date
First set of key draft chapters September/October 2010
Develop BPM6 CG website Post BPM6 Implementation plans Post chapters as they become available September 2010 (completed) Starting October 2011
Worldwide consultation on first set of chapters Starting October 2011, with the deadline for comments on each chapter eight weeks after the posting
Revise first set of chapters January-February 2012
Second set of draft chapters disseminated to BOPCOM members and posted on the IMF website for comments March 2012
Worldwide consultation on second set of chapters March-May 2012
Revise second set of chapters June-July 2012
Final editing of all chapters August-September 2012
BPM6 Compilation Guide presented to BOPCOM October 2012
Pre-publication draft of the BPM6 Compilation Guide on the IMF website December 2012