international monetary fund - … on balance of payments statistics for approximately 184 countries...

Part I: Country Tables Part II: World and Regional Tables

First Time Data Reporters: Democratic Republic of Congo (BOP), Curacao (BOP), Fiji (IIP), Ghana (IIP), Kosovo (IIP), Malawi (IIP), Qatar

(BOP), Saudi Arabia (IIP), Sint Maarten (BOP), West Bank and Gaza (IIP), and Zambia (IIP).

Yearbook 2012

INTERNATIONAL MONETARY FUND

Balance of Payments Statistics

International Monetary Fund. Not for Redistribution

BALANCE OF PAYMENTS STATISTICS YEARBOOK Volume 63, Part 1: Country Tables, 2012 Part 2: World and Regional Tables 201 Prepared by the IMF Statistics Department Adelheid Burgi-Schmelz, Director, Statistics Department

For information related to this publication, please: fax the Statistics Department at (202) 623-6460, or write Statistics Department International Monetary Fund Washington, D.C. 20431 or e-mail your query to [email protected] For copyright inquiries, please fax the Editorial Division at (202) 623-6579. For purchases only, please contact Publication Services (see information below). Copyright 2012, International Monetary Fund Balance of Payments Statistics Yearbook (BOPSY): Issued in two parts, this annual publication contains balance of payments and international investment position data. Part I provides detailed tables on balance of payments statistics for approximately 184 countries and international investment position data for 134 countries. Part 2 presents tables of regional and world totals of major balance of payments components, net International Investment Position (IIP), plus Total Assets and Total Liabilities for the IIP.

Cutoff date: August 24, 2012

Address orders to: International Monetary Fund Attention: Publication Services Washington, D.C. 20431 U.S.A. Telephone: (202) 623-7430 Telefax: (202) 623-7201 E-mail: [email protected] Internet: http://www.imf.org ISSN 0252-3035 ISBN 978-1-61635-403-9


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CONTENTS

Country in this publication does not always refer to a territorial entity that is a state as understood by international law and practice; the term also covers the euro area, the Eastern Caribbean Currency Union, and some nonsovereign territorial entities, for which statistical data are provided internationally on a separate basis. 2012, International Monetary Fund: Balance of Payments Statistics Yearbook iii

Introduction .......................................... vAnnexes ................................................. xiFrench Introduction .............................. f-iFrench Annexes .................................. f-viiSpanish Introduction ............................ s-iSpanish Annexes ............................... s-vii

Part 1: Country TablesAlbania (includes IIP) ................................ 2Algeria ..................................................... 8Angola (includes IIP) .............................. 12Anguilla ................................................. 18Antigua and Barbuda ............................ 22Argentina (includes IIP) .......................... 26Armenia, Republic of (includes IIP) ........ 32Aruba (includes IIP) ................................ 38Australia (includes IIP) ............................ 44Austria (includes IIP) .............................. 50Azerbaijan, Republic of (includes IIP) .... 56Bahamas, The ....................................... 62Bahrain, Kingdom of (includes IIP) ........ 66Bangladesh (includes IIP) ........................ 72Barbados (includes IIP) ........................... 78Belarus (includes IIP) .............................. 84Belgium (includes IIP) ............................. 90Belize .................................................... 96Benin (includes IIP) ............................... 100Bermuda ............................................. 106Bhutan (includes IIP) ............................ 110Bolivia (includes IIP) ............................. 116Bosnia and Herzegovina (includes IIP) . 122Botswana (includes IIP) ........................ 128Brazil (includes IIP) ............................... 134Brunei Darussalam ............................. 140Bulgaria (includes IIP) ........................... 144Burkina Faso (includes IIP) ................... 150Burundi (includes IIP) ........................... 156Cambodia (includes IIP) ....................... 162Cameroon ........................................... 168Canada (includes IIP) ............................ 172Cape Verde (includes IIP) ..................... 178Chile (includes IIP) ............................... 184China, P.R.: Mainland (includes IIP) .... 190China, P.R.: Hong Kong (includes IIP) . 196China, P.R.: Macao ............................. 202Colombia (includes IIP) ........................ 206Congo, Democratic Republic of ......... 212Congo, Republic of ............................ 216Costa Rica (includes IIP) ....................... 220Cte d'Ivoire (includes IIP) ................... 226Croatia (includes IIP) ............................ 232Curaao ............................................... 238Curaao and Sint Maarten .................. 242Cyprus (includes IIP) ............................ 246Czech Republic (includes IIP) ............... 252Denmark (includes IIP) ......................... 258Djibouti (includes IIP) ........................... 264Dominica ............................................ 270Dominican Republic (includes IIP) ....... 274Eastern Caribbean Currency Union ... 280Ecuador (includes IIP) ........................... 284Egypt (includes IIP) ............................... 290El Salvador (includes IIP) ...................... 296Estonia (includes IIP) ............................ 302Ethiopia ............................................... 308Euro Area (includes IIP) ........................ 312Faroe Islands ....................................... 318

Fiji (includes IIP) ................................... 322Finland (includes IIP) ............................ 328France (includes IIP) .............................. 334French Polynesia ................................. 340Gabon ................................................. 344Gambia, The ....................................... 348Georgia (includes IIP) ........................... 352Germany (includes IIP) ......................... 358Ghana (includes IIP) ............................. 364Greece (includes IIP) ............................. 370Grenada .............................................. 376Guatemala (includes IIP) ....................... 380Guinea (includes IIP) ............................. 386Guinea-Bissau (includes IIP) ................. 392Guyana ............................................... 398Haiti (includes IIP) ................................ 402Honduras (includes IIP) ........................ 408Hungary (includes IIP) .......................... 414Iceland (includes IIP) ............................. 420India (includes IIP) ................................ 426Indonesia (includes IIP) ........................ 432Iraq (includes IIP) .................................. 438Ireland (includes IIP) ............................. 444Israel (includes IIP) ................................ 450Italy (includes IIP) ................................. 456Jamaica (includes IIP) ............................ 462Japan (includes IIP) ............................... 468Jordan (includes IIP) .............................. 474Kazakhstan (includes IIP) ...................... 480Kenya .................................................. 486Korea, Republic of (includes IIP) .......... 490Kosovo (includes IIP) ............................ 496Kuwait (includes IIP) ............................. 502Kyrgyz Republic (includes IIP) ............. 508Lao People's Democratic Republic ..... 514Latvia (includes IIP) ............................... 518Lebanon .............................................. 524Lesotho (includes IIP) ........................... 528Liberia ................................................. 534Libya ................................................... 538Lithuania (includes IIP) ......................... 542Luxembourg (includes IIP) .................... 548Macedonia, FYR (includes IIP) ............. 554Madagascar ......................................... 560Malawi (includes IIP) ............................ 564Malaysia (includes IIP) .......................... 570Maldives (includes IIP) ......................... 576Mali (includes IIP) ................................. 582Malta (includes IIP) ............................... 588Mauritius (includes IIP) ......................... 594Mexico (includes IIP) ............................ 600Moldova (includes IIP) ......................... 606Mongolia (includes IIP) ......................... 612Montenegro ........................................ 618Montserrat .......................................... 622Morocco (includes IIP) ......................... 626Mozambique (includes IIP) .................. 632Myanmar (includes IIP) ........................ 638Namibia (includes IIP) .......................... 644Nepal ................................................... 650Netherlands (includes IIP) ..................... 654Netherlands Antilles ........................... 660New Caledonia ................................... 664New Zealand (includes IIP) .................. 668Nicaragua (includes IIP) ........................ 674Niger (includes IIP) ............................... 680Nigeria (includes IIP) ............................. 686

Norway (includes IIP) ........................... 692Oman .................................................. 698Pakistan (includes IIP) ........................... 702Panama (includes IIP) ............................ 708Papua New Guinea ............................. 714Paraguay (includes IIP) .......................... 718Peru (includes IIP) ................................. 724Philippines (includes IIP) ....................... 730Poland (includes IIP) ............................. 736Portugal (includes IIP) ........................... 742Qatar ................................................... 748Romania (includes IIP) .......................... 752Russian Federation (includes IIP) .......... 758Rwanda (includes IIP) ........................... 764St. Kitts and Nevis ............................... 770St. Lucia ............................................... 774St. Vincent and the Grenadines .......... 778Samoa .................................................. 782So Tom and Prncipe ....................... 786Saudi Arabia (includes IIP) .................... 790Senegal (includes IIP) ............................ 796Serbia, Republic of (includes IIP) .......... 802Seychelles ............................................ 808Sierra Leone (includes IIP) ..................... 812Singapore (includes IIP) ........................ 818Sint Maarten ........................................ 824Slovak Republic (includes IIP) .............. 828Slovenia (includes IIP) ........................... 834Solomon Islands (includes IIP) ............. 840South Africa (includes IIP) .................... 846Spain (includes IIP) ............................... 852Sri Lanka .............................................. 858Sudan (includes IIP) .............................. 862Suriname ............................................. 868Swaziland (includes IIP) ........................ 872Sweden (includes IIP) ............................ 878Switzerland (includes IIP) ..................... 884Syrian Arab Republic (includes IIP) ...... 890Tajikistan ............................................. 896Tanzania (includes IIP) .......................... 900Thailand (includes IIP) .......................... 906Timor-Leste, Dem. Rep. of ................. 912Togo (includes IIP) ................................ 916Tonga .................................................. 922Trinidad and Tobago .......................... 926Tunisia (includes IIP) ............................ 930Turkey (includes IIP) ............................. 936Uganda (includes IIP) ............................ 942Ukraine (includes IIP) ............................ 948United Kingdom (includes IIP) ............. 954United States (includes IIP) ................... 960Uruguay (includes IIP) .......................... 966Vanuatu (includes IIP) ........................... 972Venezuela, Repblica Bolivariana de(includes IIP) .......................................... 978Vietnam ............................................... 984West Bank and Gaza (includes IIP) ....... 988Yemen, Republic of (includes IIP) ......... 994Zambia (includes IIP) .......................... 1000

Part 2: World and Regional Tables Introduction.. 1009 Content.... 1015 World and Regional Tables..... 1017


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2012, International Monetary Fund : Balance of Payments Statistics Yearbook v

Volume 63 of the Balance of Payments Statistics Year-book, published by the International Monetary Fund(IMF), is the first Yearbook to contain balance of pay-ments and international investment position (IIP) datain accordance with the sixth edition of the Balance ofPayments and International Investment Position Manual(BPM6)1. Data are presented for 2005 forward. TheIMF is grateful for countries cooperation in providingcomprehensive, timely, and regular data to the Fundfor re-dissemination. These data support the IMFsStatistics Department (STA) in its efforts to respondto the analytical and policy needs of the IMF, mem-ber countries, and the international community.

The Yearbook consists of two parts. Part 1 CountryTables presents annual balance of payments and IIPdata of individual countries, jurisdictions, and otherreporting entities; and Part 2 World and Regional Tablesdisplays 21 World and Regional Tables for majorcomponents of the balance of payments. Balance ofPayments and IIP metadata (previously included asPart 3 Methodologies, Compilation Practices, and DataSources) is now published only in electronic formatthrough eLibrary-Data2 and CD-ROM. The Yearbookis supplemented by the monthly updated onlinedatabase and CD-ROM.

As noted, this is the first release of the Yearbook onthe basis of BPM6,3 which was endorsed by theIMFs Committee on Balance of Payments Statistics, andpublished in 2009. It provides updated global stan-dards covering the methodologies for compiling, andthe presentation of, international account statistics.The BPM6 incorporates clarifications and improve-ments reflecting significant developments and expan-sion in globalized international trade arrangementsand financial markets that had been identified sincethe release of the fifth edition of the Balance of Pay-ments Manual (BPM5) in 1993. Moreover, the linkagesto and consistency with other macroeconomic statis-

tics is maintained and enhanced through the parallelupdate of the OECD Benchmark Definition of Foreign Di-rect Investment and the System of National Accounts.

Appendix 8 of the BPM6 and the BPM6 ConversionMatrix4 describe the conceptual and presentationalchanges from BPM5 in detail, including the changeof names of accounts (e.g., current transfers inBPM5 is renamed secondary income in BPM6), thearrangement of data in the accounts (e.g., direct in-vestment data are presented on a directional princi-ple basis under BPM5, whereas they are presentedon a strict asset/liability basis in the standard com-ponents of BPM6), and the values shown for ac-counts (e.g., goods that were temporarily sentabroad for processing without any ownershipchange were included in gross imports and exportsunder BPM5, whereas only the processing fee is in-cluded under BPM6).

For many decades, the IMF has published data ona basis that is consistent across countries and acrosstime periods. Such data consistency is required toperform cross-country data comparisons, trackgrowth rates across time, and produce regional orglobal data aggregates. The challenge is that, as withthe adoption of earlier versions of the IMFs Balance ofPayments Manual, countries are adopting BPM6 at dif-ferent times. Data conversion work undertaken byFund staff has made possible the presentation in theBPM6 format of data starting with 2005 for bothcountries that reported data in BPM6 format andcountries who are still compiling their data in the for-mat of BPM5. To present data on a consistent BPM6presentational basis, STA worked closely with IMFmember countries. For each country, one of three ap-proaches has been followed: (i) economies have im-plemented BPM6 and provided their own BPM6 esti-mates; (ii) economies have reported BPM5 data toSTA and opted for a generic conversion of their datato a BPM6 basis using standard rules that are broad-lyapplicable to a large number of economies and overtime (see Box 1); or (iii) economies have opted for acustomized conversion of their BPM5 basis data, byadjusting the results from the generic conversion inconsultation with the IMF. To assist users in under-standing the impact of conversion to BPM6, as well asin understanding major methodological changes fromBPM5 to BPM6, a set of frequently asked questions isposted on the IMF webpage at http://www.imf.org/ex-ternal/pubs/ft/bop/2007/bopman6.htm.

INTRODUCTION

1See: http://www.imf.org/external/pubs/ft/bop/2007/bop-man6.htm

2See: http://elibrary-data.imf.org/3Volume 1 of the Yearbook, published in 1949, was based on the

first edition of the Funds Balance of Payments Manual, issued in1948; Volumes 2-12 were compiled pursuant to the second editionof the Manual, issued in 1950; Volumes 13-23 were based on thethird edition of the Manual, issued in 1961; and Volumes 2429were associated with that edition as well as the Balance of PaymentsManual: Supplement to Third Edition, issued in 1973. Volumes 30-45followed the guidance of the fourth edition of the Manual, pub-lished in 1977. Volumes 46-62 were presented in accordance withthe standard components of the fifth edition of the Balance of Pay-ments Manual (BPM5). However, the standard componentschanged with the publication of Financial Derivatives, a Supplement tothe Fifth Edition (1993) of the Balance of Payments Manual, publishedin 2000 and amended in 2002.

4See BPM6 Compilation Guide (Appendix 1) at http://www.imf.org/external/pubs/ft/bop/2007/bop6comp.htm


http://www.imf.org/external/pubs/ft/bop/2007/bopman6.htmhttp://www.imf.org/external/pubs/ft/bop/2007/bopman6.htmhttp://elibrary-data.imf.org/http://www.imf.org/external/pubs/ft/bop/2007/bop6comp.htmhttp://www.imf.org/external/pubs/ft/bop/2007/bop6comp.htmhttp://www.imf.org/external/pubs/ft/bop/2007/bopman6.htmhttp://www.imf.org/external/pubs/ft/bop/2007/bopman6.htm

vi 2012, International Monetary Fund : Balance of Payments Statistics Yearbook

The methodologies, compiling practices, anddata sources of reporting countries availablethrough eLibrary-Data and CD-ROM are basedon information provided to the Fund by coun-tries. The descriptions are intended to enhanceuser understanding of the coverage, as well asthe limitations, of individual country data. At thesame time, they are useful in informing compil-ers of data sources and practices used by theircounterparts in other countries. To facilitatecountries submission of metadata on balance of

payments and IIP statistics, as applicable, for thefirst time this year countries were able to submitthis information via online questionnaires.

This introduction is organized as follows:

Section I describes features of the ta-bles published in Part 1 of this volume ofthe Yearbook.

Section II offers information on the ac-cessibility of the Funds balance of paymentsdata on CD-ROM and BOP Online.

The balances on the Current account, Capital account and Financial account, Reserve as-sets, and Net errors and omissions were not changed.

Merchanting was reclassified from Services to Goods.

Manufacturing services on physical inputs owned by others (Goods for processing in BPM5) was reclassified from Goods to Services. The gross values of goods that physically moved across borders for processing but for which there was no change in ownership are excluded from goods trade.

Repairs on goods was reclassified from goods to services (called Maintenance and repair services n.i.e. in BPM6).

Goods procured in ports by carriers was included in General merchandise on a balance of payments basis.

Communication services and Computer and information services from BPM5 were re-classified to Telecommunications, computer, and information services in BPM6.

Postal and courier services was included in Transport.

Migrants transfers was included in Other capital transfers financial corporation, nonfi-nancial corporations, households, and NPISHs. (Although migrants transfers should notbe included in the balance of payments accounts under BPM6, the elimination of this ac-count was not possible without impacting net errors and omissions, which was avoided).

Reverse investment in Direct investment was reclassified according to the asset/liability presentational basis.

In general, the data for Monetary authorities in BPM5 were mapped to Central bank. In some instances, the data were mapped (in full or in part) to General government or other institutional units in consultation with countries.

The use of signs in the balance of payments presentations was changed as follows: (i) in current and capital accounts, both credits and debits, were registered with positive signs; (ii) in financial account, increases in assets and increases in liabilities were registered with positive signs, and decreases in assets and decreases in liabilities with negative signs.

For the IMF dissemination of data, consistent with long-time IMF practices, data provided by the Finance Department of the IMF on SDR holdings, SDR allocations, and Reserve posi-tion in the IMF were substituted for reported data, if different.

Box 1. Selected Main Rules Used for the Generic Conversion of BPM5 Data to BPM6


Section III contains six annexes: Annex Ishows an analytic presentation of balance ofpayments (and related data codes) ; Annex II pre-sents the standard components of the balance ofpayments (and related data codes); Annex IIIpresents the standard components of the IIP (andrelated data codes); Annex IV explains the datacoding scheme; Annex V describes the concep-tual framework of the balance of payments andIIP; and Annex VI explains the classification andstandard components of the balance of pay-ments and IIP, as set forth in the BPM6.

I. Features of the Tables in Part 1 of theYearbook: Individual Country Data

Part 1 of the Yearbook presents the data pages al-phabetically. Country in this publication doesnot always refer to a territorial entity that is a stateas understood by international law and practice;the term also covers some non-sovereign territorialentities for which statistical data are provided in-ternationally on a separate basis.

For each country, balance of payments data arepresented in both analytic and standard presenta-tions. Balance of payments components in the an-alytic presentation (Table 1) are arrayed to high-light the financing items (the reserves and relateditems). The standard presentation of the balance ofpayments (Table 2) and of the IIP (Table 3) showsdata displayed in the standard components de-scribed in the BPM6.

Tables 1, 2, and 3 present reported data for theyears 20052011 for each country. Unless other-wise indicated, the tables present figures for calen-dar years.

Balance of Payments: Analytic Presentation

In the analytic presentation, shown in Table 1,balance of payments components are classified intofive major data categories (groups A through E) thatthe Fund regards as useful for analyzing balance ofpayments developments uniformly; and transac-tions are reclassified from that shown in the stan-dard components. The selected groups, however,should not be considered to reflect the Funds rec-ommendations about the analytic approach appro-priate for every country. Other analytic presenta-tions could be arrayed by regrouping the standardcomponents in other ways to take into account thespecial circumstances of a specific country or toserve particular analytical requirements.

The figures shown in the analytic and standardpresentations differ for balances of the current ac-count, the capital account, and the financial ac-count for some countries. This is because, in the an-alytic presentation, certain transactions under these

accounts are reclassified as reserves and relateditems. The reclassified transactions are groupedunder reserve assets, credits and loans from theIMF, and exceptional financing. Exceptional financ-ing refers to transactions undertaken by the author-ities to finance balance of payments needs, includ-ing such items as external borrowing, accumulationand payment of arrears, and debt forgiveness. Ex-ceptional financing excludes reserve assets, andcredit and loans from the IMF. (See also Annex I.)

Balance of Payments: Standard Presentation

The standard components of balance of pay-ments, shown in the standard presentation in Table2, are summarized under goods and services, pri-mary income, and secondary income in current ac-count, and also under the main standard compo-nents in the capital account. Under the financialaccount, components are classified by functionalcategory (i.e., direct investment; portfolio invest-ment; financial derivatives (other than reserves) andemployee stock options (ESOs); other investment;and reserve assets), by type of financial instrument(equity, debt, and other), separately for net acquisi-tions of financial assets and net incurrence of liabil-ities. Most of these financial account categories arefurther classified by domestic sector (central bank;deposit taking corporations, except the centralbank; general government; and other sectors (withthe latter containing of which: other financial cor-porations). (See also Annex II.)

International Investment Position

IIP data, as shown in Table 3, are arrayed in ac-cordance with the standard components of the IIPas set forth in the BPM6. (See also Annex III.)

IIP data reflect a countrys external financial assetsand liabilities at a specific point in time. The classi-fication of the IIP components is consistent withthat of the financial account of the balance of pay-ments. This consistency is necessary for a compre-hensive analysis of relationships between them.The financial transactions of the balance of pay-ments and other flows (revaluations and otherchanges in volume) show the contribution tochanges between the opening and closing positionsof the financial assets and liabilities recorded in theIIP. In other words, financial assets and liabilitiesgain or lose value and appear or disappear due tobalance of payments transactions, other volumechanges, and/or revaluation.

The net IIP is derived by taking the differencebetween the value of external financial assets andliabilities.

External debt is not a separate component of theIIP but can be derived by summing the liability po-sitions other than financial derivatives (other than

2012, International Monetary Fund : Balance of Payments Statistics Yearbook vii


viii 2012, International Monetary Fund : Balance of Payments Statistics Yearbook

reserves) and ESOs, equity and investment fundshares, and other equity (these are not debt instru-ments according to international statistical standards).

Data Codes

Tables 1, 2, and 3 show codes for each data cate-gory and component. The codes are designed for thestandard components of balance of payments andIIP data as defined in the BPM6.

There are nine digits/characters for each codeshown in the Yearbook. The first two positions desig-nate the account, with the first number indicatingthe main account, with1 assigned to the CurrentAccount, 2 to the Capital Account, 3 to the Fi-nancial Account, and 8 to the IIP. The second char-acter indicates the sub account which the conceptrefers to, for example: 1A Services, 1B Goods,1C Primary Income, 1D Secondary Income, 3ADirect Investment, 8A IIP Direct Investment. Thenext four digits are used to classify balance of pay-ments and IIP components. For example, the currentaccount is coded 10999, the capital account, 20999,and the financial account, 30999. Readers may referto Annex IV for details of the coding scheme.

The sixth digit/character of the code shown in theYearbook denotes special features about specific datacomponents. In this position S indicates substitu-tion of Fund accounts and F indicates the exclusionof exceptional financing. The seventh digit indicatesthe accounting unit where C is credit, D is debit,B is balance, A is net acquisition of financial as-sets, L is net incurrence of liabilities and N is net.The eighth digit represents the economic sectors.The ninth digit represents maturity (on an originalmaturity basis) where S is short-term, L is long-term, A is all maturities, and N is not applicable.

Sign convention

In both the analytic and standard presentations(Tables 1 and 2), the transactions data are shown asgross credit or gross debit entries in the current andcapital accounts, and as net acquisition of financialassets or net incurrence of liabilities (to reflect netchanges in assets or net changes in liabilities) in thefinancial account. In the current and capital ac-counts, both credit and debit entries are positive (butwithout a plus sign). In the financial account, in-creases in assets and increases in liabilities are shownas positive amounts (without a plus sign) and de-creases in assets and decreases in liabilities areshown as negative amounts. The current and capitalaccount balances are obtained as credits minus deb-its, and the financial account balance is calculated asnet acquisition of financial assets minus net incur-rence of liabilities. A positive sign for the financialaccount balance indicates a net increase in assets

and/or a net decrease in liabilities, while a positivesign indicated a net increase in liabilities and/or a netdecrease in assets.

Negative signs

The conversion rule used in the generic conversionfor the reclassification of Manufacturing services onphysical inputs owned by others (Goods for pro-cessing in BPM5) from goods to services may havegenerated negative values for these services for someeconomies in a given period. This is the case when thevalue of imports exceeds the value of exports in theprocessing economy, or when the value of exports ex-ceeds the value of imports in the partner economy.

Nil, Unavailable Entries, or Confidential Data

In the Yearbook tables, dots (....) indicate that dataare either not available, zero or insignificant, or confi-dential. In cases where data for one or more givensubcomponent(s) cannot be revealed due to confiden-tiality reasons, the nondisclosed value(s) will be either(i) added to a generic subcomponent (such as other)within the relevant data component; or (ii) omittedwithout adjusting a generic subcomponent. In eitherinstance, the reported total remains unchanged; there-fore, in case (ii), it would be not equal to the sum ofthe components.

Rounding of Figures

Most data in the tables are expressed in units of onemillion. The unit is chosen to present the figures con-veniently. Because of the calculation routines used,rounding differences may occur between an aggregateand the sum of its components.

Currency Conversion

The balance of payments and IIP data reported tothe Fund are expressed in national currencies, in U.S.dollars, or in another currency. To facilitate compar-isons among countries, all balance of payments andIIP statements published in the Yearbook and in theBOPS CD-ROM are expressed in U.S. dollars. In ad-dition, all countries reported data on transactionsand positions with the Fund and transactions andpositions in SDRs are replaced with data obtainedfrom the Fund records, which are kept in SDRs. Thisinformation is, in turn, converted to U.S. dollars.

For countries that do not report in U.S. dollars,balance of payments data are converted using thecountry conversion rates shown at the bottom ofTable 1. These rates are normally the average ex-change rates for a country for the relevant year takenfrom the International Financial Statistics (IFS). For ex-ample, the IFS pages for the Euro Area contain linerf, giving average rates for euros per U.S. dollar.Conversions of transactions data from SDRs intoU.S. dollars are made at the rates shown in line sb


of the IFS pages for the United States. For countriesreporting quarterly data in national currencies, an-nual U.S. dollar totals are obtained by aggregatingthe quarterly U.S. dollar figures.

For countries that do not report IIP data in U.S.dollars, data are converted using the country conver-sion rates shown at the bottom of Table 3. Theserates are normally the end-of-period exchange ratesfor a country (line ae) for the relevant year takenfrom IFS. More information on the exchange ratesused may be found in the introduction to IFS, Section1, or on the IFS CD-ROM in the file entitled INT.rtf.

II. CD-ROM and Internet Versions

Statistics published in the Yearbook are also avail-able on CD-ROM and on the Internet (Balance of

Payments Statistics OnlineBOP online). In thiselectronic version, time series may be slightly largerthan that appearing in the printed version of theYearbook, as also may be the number of periods forwhich data observations of time series are given.Also, quarterly data reported by countries are avail-able, and updates and revisions of the data are in-cluded as they become available. Inquiries about theCD-ROM and BOP Online should be addressed to:

Publication ServicesInternational Monetary FundWashington, D.C. 20431, U.S.A.Telephone (202) 623-7430 Telefax (202) 623-7201 E-mail [email protected] http://www.imf.org

2012, International Monetary Fund : Balance of Payments Statistics Yearbook ix


http://www.imf.org

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2012, International Monetary Fund : Balance of Payments Statistics Yearbook xi

ANNEX I. ANALYTIC PRESENTATION OF BALANCE OF PAYMENTS Data Codes

A. CURRENT ACCOUNT1 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 10999FBXN

Goods, credit (exports) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 1A9999CXN Goods, debit (imports) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 1A9999DXN Balance on goods . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 1A9999BXN Services, credit (exports) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 1B9999CXN Services, debit (imports) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 1B9999DXN Balance on goods and services . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 1Z9999BXN Primary income: credit . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 1C9999CXA Primary income: debit . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 1C9999DXA Balance on goods, services, and primary income . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 1Y9999BXN

Secondary income: credit . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 1D999FCAA Secondary income: debit . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 1D9999DAA

B. CAPITAL ACCOUNT1 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 20999FBAA

Capital account: credit . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 20999FCAA Capital account: debit . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 209999DAA Balance on current and capital account . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 129999BAN

C. FINANCIAL ACCOUNT1 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 30999FNAA

Direct investment: assets . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 3A9999AAA Equity and investment fund shares . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 3AA000AAA Debt instruments . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 3AB000AAA Direct investment: liabilities . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 3A999FLAA Equity and investment fund shares . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 3AA00FLAA Debt instruments . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 3AB00FLAA Portfolio investment: assets . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 3B9999AAA Equity and investment fund shares . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 3BA000AAA Debt securities . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 3BB000AAA Portfolio investment: liabilities . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 3B999FLAA Equity and investment fund shares . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 3BA00FLAA Debt securities . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 3BB00FLAA Financial derivatives and employee stock options (ESOs): net . . . . . . . . . . . . . . . . . . 3C9999NAA Financial derivatives and ESOs: assets . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 3C9999AAA Financial derivatives and ESOs: liabilities . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 3C9999LAA Other investment: assets . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 3D9999AAA Other equity . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 3DA000AAA Debt instruments . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 3DZ000AAA Other investment: liabilities . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 3D999FLAA Other equity . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 3DA00FLAA Debt instruments . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 3DZ00FLAA Current + capital - financial account balance . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 4Y999FNAA

D. NET ERRORS AND OMISSIONS . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 40999SNAA

E. RESERVES AND RELATED ITEMS . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 4Z999SNAA

Reserve assets . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 3E999SAAA Credit and loans from the IMF . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 3DC0ZSLAA Exceptional financing . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 4099E0LAN

Conversion rates: . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . RFZFB

1Excludes components that have been classified in the categories of Group E.


xii 2012, International Monetary Fund : Balance of Payments Statistics Yearbook

ANNEX II. STANDARD PRESENTATION OF BALANCE OF PAYMENTS

Data Codes CURRENT ACCOUNT . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 109999BXN GOODS AND SERVICES . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 1Z9999BXN

Total credit . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 1Z9999CXN Total debit . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 1Z9999DXN GOODS . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 1A9999BXN Credit . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 1A9999CXN General merchandise: export . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 1AA000CXN Net exports of goods under merchanting . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 1AB000BXN Nonmonetary gold: export . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 1AC000CXN Debit . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 1A9999DXN General merchandise: import . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 1AA000DXN Nonmonetary gold: import . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 1AC000DXN SERVICES . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 1B9999BXN Total credit . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 1B9999CXN Total debit . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 1B9999DXN Manufacturing services on physical inputs owned by others, credit . . . . . . . . . . . . . . . . . . 1BA000CXN Manufacturing services on physical inputs owned by others, debit . . . . . . . . . . . . . . . . . . 1BA000DXN Maintenance and repair services n.i.e., credit . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 1BB000CXN Maintenance and repair services n.i.e., debit. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 1BB000DXN Transport, credit . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 1BC000CXN Passenger . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 1BC00ZCXN Freight . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 1BC00YCXN Other (including postal and courier) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 1BC00WCXN Transport, debit . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 1BC000DXN Passenger . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 1BC00ZDXN Freight . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 1BC00YDXN Other (including postal and courier) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 1BC00WDXN Travel, credit . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 1BD000CXN Business . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 1BD100CXN Personal . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 1BD130CXN Travel, debit . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 1BD000DXN Business . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 1BD100DXN Personal . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 1BD130DXN Other services, credit . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 1B999ZCXN Construction . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 1BE000CXN Insurance and pension services . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 1BF000CXN Financial services . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 1BG000CXN Charges for the use of intellectual property n.i.e. . . . . . . . . . . . . . . . . . . . . . . . . . . . 1BH000CXN elecommunications, computer, and information services . . . . . . . . . . . . . . . . . . . . . 1BJ000CXN Other business services . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 1BK000CXN Personal, cultural, and recreational services . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 1BL000CXN Government goods and services n.i.e. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 1BM000CXN


2012, International Monetary Fund : Balance of Payments Statistics Yearbook xiii

Data Codes Other services, debit . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 1B999ZDXN Construction . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 1BE000DXN Insurance and pension services . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 1BF000DXN Financial services . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 1BG000DXN Charges for the use of intellectual property n.i.e. . . . . . . . . . . . . . . . . . . . . . . . . . . . 1BH000DXN Telecommunications, computer, and information services . . . . . . . . . . . . . . . . . . . . 1BJ000DXN Other business services . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 1BK000DXN Personal, cultural, and recreational services . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 1BL000DXN Government goods and services n.i.e. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 1BM000DXN PRIMARY INCOME . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 1C9999BXA Total credit . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 1C9999CXA Total debit . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 1C9999DXA Compensation of employees, credit . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 1CA000CXA Compensation of employees, debit . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 1CA000DXA Investment income, credit . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 1CB000CXA Direct investment income . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 1CB100CXA Income on equity and investment fund shares . . . . . . . . . . . . . . . . . . . . . . . . . . . . 1CB110CXA Dividends and withdrawls from income of quasi-corporations . . . . . . . . . . . . 1CB111CXA Reinvested earnings (direct investor in direct investment enterprises) . . . . . . . . 1CB112CXA Interest . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 1CB120CXA Portfolio investment income . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 1CB200CXA Investment income on equity and investment fund shares . . . . . . . . . . . . . . . . . . 1CB210CXA Dividends on equity excluding investment fund shares . . . . . . . . . . . . . . . . . . 1CB211CXA Investment income attributable to investment fund shareholders . . . . . . . . . . . 1CB212CXA Interest . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 1CB220CXA Other investment income . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 1CB300CXA Withdrawals from income of quasi-corporations . . . . . . . . . . . . . . . . . . . . . . . . . . 1CB310CXA Interest . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 1CB320CXA Investment income attributable to policyholders in insurance, pension schemes and standardized guarantee schemes . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 1CB330CXA Income on reserve assets . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 1CB400CXA Income on equity and investment fund shares . . . . . . . . . . . . . . . . . . . . . . . . . . . . 1CB410CXA Interest . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 1CB420CXA Investment income, debit . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 1CB000DXA Direct investment income . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 1CB100DXA Income on equity and investment fund shares . . . . . . . . . . . . . . . . . . . . . . . . . . . . 1CB110DXA Dividends and withdrawls from income of quasi-corporations . . . . . . . . . . . . 1CB111DXA Reinvested earnings (direct investor in direct investment enterprises) . . . . . . . . 1CB112DXA Interest . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 1CB120DXA Portfolio investment income . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 1CB200DXA Investment income on equity and investment fund shares . . . . . . . . . . . . . . . . . . 1CB210DXA Dividends on equity excluding investment fund shares . . . . . . . . . . . . . . . . . . 1CB211DXA Income attributable to investment fund shareholders . . . . . . . . . . . . . . . . . . . . 1CB212DXA



xiv 2012, International Monetary Fund : Balance of Payments Statistics Yearbook

Data Codes Interest . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 1CB220DXA Other investment income . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 1CB300DXA Withdrawals from income of quasi-corporations . . . . . . . . . . . . . . . . . . . . . . . . . . 1CB310DXA Interest . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 1CB320DXA Investment income attributable to policyholders in insurance, pension schemes and standardized guarantee schemes . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 1CB330DXA Other primary income, credit . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 1CC000CXA Other primary income, debit . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 1CC000DXA SECONDARY INCOME . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 1D9999BAA Credit . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 1D9999CAA General government . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 1D9999CGA Financial corporations, nonfi nancial corporations, households, and NPISHs . . . . . 1D9999COA Personal transfers . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 1DF000COA Other current transfers . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 1DG000COA Debit . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 1D9999DAA General government . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 1D9999DGA Financial corporations, nonfi nancial corporations, households, and NPISHs . . . . . 1D9999DOA Personal transfers . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 1DF000DOA Other current transfers . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 1DG000DOA

CAPITAL ACCOUNT . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 209999BAA Gross disposals of nonproduced nonfinancial assets, credit . . . . . . . . . . . . . . . . . . . . . . . . . . 20A000CAA Gross acquisitions of nonproduced nonfinancial assets, debit . . . . . . . . . . . . . . . . . . . . . . . . 20A000DAA Capital transfers, credit . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 20A100CAA General government . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 20A100CGA Debt forgiveness . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 20A110CGA Other capital transfers . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 20A120CGA Financial corporations, nonfi nancial corporations, households, and NPISHs . . . . . . . 20A100COA Capital transfers, debit . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 20A100DAA General government . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 20A100DGA Debt forgiveness . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 20A110DGA Other capital transfers . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 20A120DGA Financial corporations, nonfi nancial corporations, households, and NPISHs . . . . . . . 20A100DOA

FINANCIAL ACCOUNT . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 30999SNAA DIRECT INVESTMENT . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 3A9999NAA Net acquisition of financial assets . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 3A9999AAA Equity and investment fund shares . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 3AA000AAA Equity other than reinvestment of earnings . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 3AA100AAA Direct investor in direct investment enterprises . . . . . . . . . . . . . . . . . . . . . . . . . 3AA110AAA Direct investment enterprises in direct investor (reverse investment) . . . . . . . . . 3AA120AAA Between fellow enterprises . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 3AA130AAA Reinvested earnings (direct investor in direct investment enterprises) . . . . . . . . . . 3AA200AAA



2012, International Monetary Fund : Balance of Payments Statistics Yearbook xv

Data Codes Debt instruments . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 3AB000AAA Direct investor in direct investment enterprises . . . . . . . . . . . . . . . . . . . . . . . . . . . . 3AB100AAA Direct investment enterprises in direct investor (reverse investment) . . . . . . . . . . . . 3AB200AAA Between fellow enterprises . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 3AB300AAA Net incurrence of liabilities . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 3A9999LAA Equity and investment fund shares . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 3AA000LAA Equity other than reinvestment of earnings . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 3AA100LAA Direct investor in direct investment enterprises . . . . . . . . . . . . . . . . . . . . . . . . . 3AA110LAA Direct investment enterprises in direct investor (reverse investment) . . . . . . . . 3AA120LAA Between fellow enterprises . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 3AA130LAA Reinvested earnings (direct investor in direct investment enterprises) . . . . . . . . . . 3AA200LAA Debt instruments . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 3AB000LAA Direct investor in direct investment enterprises . . . . . . . . . . . . . . . . . . . . . . . . . . . . 3AB100LAA Direct investment enterprises in direct investor (reverse investment) . . . . . . . . . . . . 3AB200LAA Between fellow enterprises . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 3AB300LAA PORTFOLIO INVESTMENT . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 3B9999NAA Net acquisition of financial assets . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 3B9999AAA Equity and investment fund shares . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 3BA000AAA Central bank . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 3BA000ACA Deposit-taking corporations, except the central bank . . . . . . . . . . . . . . . . . . . . . . 3BA000ADA General government . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 3BA000AGA Other sectors . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 3BA000AOA of which: Other fi nancial corporations . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 3BA000AFA Debt securities . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 3BB000AAA Central bank . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 3BB000ACA Deposit-taking corporations, except the central bank . . . . . . . . . . . . . . . . . . . . . . 3BB000ADA General government . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 3BB000AGA Other sectors . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 3BB000AOA of which: Other fi nancial corporations . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 3BB000AFA Net incurrence of liabilities . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 3B9999LAA Equity and investment fund shares . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 3BA000LAA Central bank . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 3BA000LCA Deposit-taking corporations, except the central bank . . . . . . . . . . . . . . . . . . . . . . 3BA000LDA General government . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 3BA000LGA Other sectors . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 3BA000LOA of which: Other fi nancial corporations . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 3BA000LFA Debt securities . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 3BB000LAA Central bank . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 3BB000LCA Deposit-taking corporations, except the central bank . . . . . . . . . . . . . . . . . . . . . . 3BB000LDA General government . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 3BB000LGA Other sectors . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 3BB000LOA of which: Other fi nancial corporations . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 3BB000LFA



xvi 2012, International Monetary Fund : Balance of Payments Statistics Yearbook

Data Codes FINANCIAL DERIVATIVES (OTHER THAN RESERVES) and EMPLOYEE STOCK OPTIONS . . . . . . . . 3C9999NAA Net acquisition of financial assets . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 3C9999AAA Net incurrence of liabilities . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 3C9999LAA

OTHER INVESTMENT . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 3D999SNAA Net acquisition of financial assets . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 3D9999AAA Other equity . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 3DA000AAA Debt instruments . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 3DZ000AAA Central bank . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 3DZ000ACA Deposit-taking corporations, except the central bank . . . . . . . . . . . . . . . . . . . . . . 3DZ000ADA General government . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 3DZ000AGA Other sectors . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 3DZ000AOA of which: Other fi nancial corporations . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 3DZ000AFA Net incurrence of liabilities . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 3D999SLAA Other equity . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 3DA000LAA Special drawing rights (allocations) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 3DG00SLAA Other debt instruments . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 3DY00SLAA Central bank . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 3DY00SLCA Deposit-taking corporations, except the central bank . . . . . . . . . . . . . . . . . . . . . . 3DY000LDA General government . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 3DY00SLGA Other sectors . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 3DY000LOA of which: Other fi nancial corporations . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 3DY000LFA RESERVE ASSETS . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 3E999SAAA Monetary gold . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 3EA000AAA Special drawing rights . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 3EB00SAAA Reserve position in the IMF . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 3EC00SAAA Other reserve assets . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 3ED000AAA NET ERRORS AND OMISSIONS . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 40999SNAA



2012, International Monetary Fund : Balance of Payments Statistics Yearbook xvii

Data Codes

ASSETS . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 80999SAAA Direct investment . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 8A9999AAA Equity and investment fund shares . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 8AA000AAA Direct investor in direct investment enterprises . . . . . . . . . . . . . . . . . . . . . . . . . . . . 8AA100AAA Direct investment enterprises in direct investor (reverse investment) . . . . . . . . . . . . 8AA200AAA Between fellow enterprises . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 8AA300AAA Debt instruments . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 8AB000AAA Direct investor in direct investment enterprises . . . . . . . . . . . . . . . . . . . . . . . . . . . . 8AB100AAA Direct investment enterprises in direct investor (reverse investment) . . . . . . . . . . . . 8AB200AAA Between fellow enterprises . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 8AB300AAA Portfolio investment . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 8B9999AAA Equity and investment fund shares . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 8BA000AAA Central bank . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 8BA000ACA Deposit-taking corporations, except the central bank . . . . . . . . . . . . . . . . . . . . . . . . 8BA000ADA General government . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 8BA000AGA Other sectors . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 8BA000AOA of which: Other fi nancial corporations . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 8BA000AFA Debt securities . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 8BB000AAA Central bank . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 8BB000ACA Deposit-taking corporations, except the central bank . . . . . . . . . . . . . . . . . . . . . . . . 8BB000ADA General government . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 8BB000AGA Other sectors . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 8BB000AOA of which: Other fi nancial corporations . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 8BB000AFA Financial derivatives (other than reserves) and employee stock options . . . . . . . . . . . . . . . . . 8C9999AAA Other investment . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 8D9999AAA Other equity . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 8DA000AAA Debt instruments . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 8DZ000AAA Central bank . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 8DZ000ACA Deposit-taking corporations, except the central bank . . . . . . . . . . . . . . . . . . . . . . . . 8DZ000ADA General government . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 8DZ000AGA Other sectors . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 8DZ000AOA of which: Other fi nancial corporations . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 8DZ000AFA Reserve assets . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 8E999SAAA Monetary gold . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 8EA000AAA Special drawing rights . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 8EB00SAAA Reserve position in the IMF . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 8EC00SAAA Other reserve assets . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 8ED000AAA

ANNEX III. STANDARD COMPONENTS OF THE INTERNATIONALINVESTMENT POSITION


xviii 2012, International Monetary Fund : Balance of Payments Statistics Yearbook

Data Codes

LIABILITIES . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 80999SLAA Direct investment . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 8A9999LAA Equity and investment fund shares . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 8AA000LAA Direct investor in direct investment enterprises . . . . . . . . . . . . . . . . . . . . . . . . . . . . 8AA100LAA Direct investment enterprises in direct investor (reverse investment) . . . . . . . . . . . . 8AA200LAA Between fellow enterprises . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 8AA300LAA Debt instruments . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 8AB000LAA Direct investor in direct investment enterprises . . . . . . . . . . . . . . . . . . . . . . . . . . . . 8AB100LAA Direct investment enterprises in direct investor (reverse investment) . . . . . . . . . . . . 8AB200LAA Between fellow enterprises . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 8AB300LAA Portfolio investment . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 8B9999LAA Equity and investment fund shares . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 8BA000LAA Central bank . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 8BA000LCA Deposit-taking corporations, except the central bank . . . . . . . . . . . . . . . . . . . . . . . . 8BA000LDA General government . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 8BA000LGA Other sectors . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 8BA000LOA of which: Other fi nancial corporations . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 8BA000LFA Debt securities . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 8BB000LAA Central bank . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 8BB000LCA Deposit-taking corporations, except the central bank . . . . . . . . . . . . . . . . . . . . . . . . 8BB000LDA General government . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 8BB000LGA Other sectors . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 8BB000LOA of which: Other fi nancial corporations . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 8BB000LFA Financial derivatives (other than reserves) and employee stock options . . . . . . . . . . . . . . . . . 8C9999LAA Other investment . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 8D999SLAA Other equity . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 8DA000LAA Special drawing rights (allocations) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 8DG00SLAA Other debt instruments . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 8DY00SLAA Central bank . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 8DY00SLCA Deposit-taking corporations, except the central bank . . . . . . . . . . . . . . . . . . . . . . . . 8DY000LDA General government . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 8DY00SLGA Other sectors . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 8DY000LOA of which: Other fi nancial corporations . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 8DY000LFA

NET INTERNATIONAL INVESTMENT POSITION . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 80999SNAAConversion rates: . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . AEZFB

ANNEX III. STANDARD COMPONENTS OF THE INTERNATIONALINVESTMENT POSITION


2012, International Monetary Fund : Balance of Payments Statistics Yearbook xix

ANNEX IV. IMF CODING SYSTEM FOR BALANCE OF PAYMENTSAND INTERNATIONAL INVESTMENT POSITION

The coding structure consists of the following five segments with a fixed length.

two-digits: The first digit identifies the account that the series falls under (e.g., current account, cap-ital account, financial account or international investment position). The second digit identifies the section that the series falls under within the account.

4 digits: This identifies all the standard components, and selected supplementary information components.

one-digit: This identifies the accounting unit associated with the measurement of value for the concept.

one-digit: This identifies the domestic sector associated with the concept.

one-digit: This identifies the length of maturity for the concept where applicable.

The code requires all five segments and takes the form .

Code Aggregate in balance of payments and international investment position (IIP)

10 Current Account

1Z Goods and Services

1A Goods

1B Services

1C Primary income

1D Secondary income

20 Capital Account

30 Financial Account

3A Direct Investment

3B Portfolio Investment

3C Financial Derivatives (other than reserves) and Employee Stock Options

3D Other Investment

3E Reserve Assets

4Y Current, Capital and Financial Balance Item

40 Net Errors and Omissions

4Z Reserve and Related Items

80 Assets/Liabilities (IIP)

8A Direct Investment (IIP)

8B Portfolio Investment (IIP)

8C Financial Derivatives (other than reserves) and Employee Stock Options (IIP)

8D Other Investment (IIP)

8E Reserve Assets (IIP)


xx 2012, International Monetary Fund : Balance of Payments Statistics Yearbook

ANNEX IV. IMF CODING SYSTEM FOR BALANCE OF PAYMENTSAND INTERNATIONAL INVESTMENT POSITION (concluded)

Other investment 3D9999NAA

Net acquisition of financial assets 3D9999AAA

Net incurrence of liabilities 3D9999LAA

Other equity 3DA000NAA

Net acquisition of financial assets 3DA000AAA

Net incurrence of liabilities 3DA000LAA

Currency and deposits 3DB000NAA

Net acquisition of financial assets 3DB000AAA

Central banks 3DB000ACA

Short-term 3DB000ACS

Long-term 3DB000ACL

Monetary authorities (where relevant) 3DB000AMA

Short-term 3DB000AMS

Long-term 3DB000AML

Examples of the codes for Other investment of the financial account are shown below.


2012, International Monetary Fund : Balance of Payments Statistics Yearbook xxi

This annex is reproduced and summarized from the BPM6.Paragraphs and chapters cited in this Annex refer to those that ap-pear in the BPM6; to clarify this point, the abbreviation BPM6 isadded to the quoted text before each reference to a specific BPM6paragraph or chapter. An [] indicates that only part of the para-graph is quoted here.

Overall framework

2.2 The international accounts for an economy summa-rize the economic relationships between residents of thateconomy and nonresidents. They comprise the following:

(a) the international investment position (IIP)a state-ment that shows at a point in time the value of financialassets of residents of an economy that are claims on non-residents or are gold bullion held as reserve assets; andthe liabilities of residents of an economy to nonresidents;

(b) the balance of paymentsa statement that summa-rizes economic transactions between residents and non-residents during a specific time period; and

(c) the other changes in financial assets and liabilities ac-countsa statement that shows other flows, such as val-uation changes, that reconciles the balance of paymentsand IIP for a specific period, by showing changes due toeconomic events other than transactions between resi-dents and nonresidents.

2.3 The international accounts provide an integratedframework for the analysis of an economys internationaleconomic relationships, including its international eco-nomic performance, exchange rate policy, reserves man-agement, and external vulnerability.

international monetary fund - … on balance of payments statistics for approximately 184 countries...

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