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BPM6 Compilation Guide

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... insurance transactions and positions ... International Merchandise Trade Statistics Examines IMTS and reviews the differences between the concepts used ... – PowerPoint PPT presentation

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Title: BPM6 Compilation Guide


1
BPM6 Compilation Guide
  • Working Party on International Trade in Goods and
    Trade in Services Statistics
  • Paris, France
  • November 79, 2011

2
Outline
  • Current Status
  • Overview of Drafted Chapters
  • Coordination with the Services Compilation Guide
  • BPM6 CG Timetable

3
Current 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)

4
Current 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

5
Overview 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

6
Overview 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

7
Overview 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

8
Overview 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

9
Coordination 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

10
Coordination 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

11
BPM6 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
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