Article 1Subject matter
This Regulation establishes a common framework for the systematic production of Community statistics on balance of payments, international trade in services and foreign direct investment.
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Regulation
Regulation (EC) No 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
Article 2Submission of data
1. Member States shall submit to the Commission (Eurostat) data on balance of payments, international trade in services and foreign direct investment as referred to in Annex I. The data shall be as defined in Annex II.
2. Member States shall submit the data to the Commission (Eurostat) in accordance with the deadlines shown in Annex I.
Article 3Data sources
1. Member States shall collect the information required pursuant to this Regulation using all the sources they consider relevant and appropriate. These may include administrative data sources such as business registers.
2. Natural and legal persons required to supply information shall, when responding, comply with the time limits and definitions set by the national institutions responsible for the collection of data within the Member States in accordance with this Regulation.
3. Where the required data cannot be collected at a reasonable cost, best estimates may be transmitted (zero values included).
Article 4Quality criteria and reports
1. Member States shall take all reasonable measures they consider necessary to ensure the quality of the data transmitted according to common quality standards.
2. Member States shall supply the Commission with a report on the quality of the data transmitted (hereinafter referred to as ‘quality report’).
3. The common quality standards, as well as the content and periodicity of the quality reports, shall be specified in accordance with the procedure referred to in Article 11(2), taking into account the implications as regards the cost of collecting and compiling the data as well as important changes concerning data collection.
The quality of the data transmitted shall be assessed, on the basis of the quality reports, by the Commission with the assistance of the Balance of Payments Committee referred to in Article 11. This assessment by the Commission shall be sent to the European Parliament for information.
4. Member States shall communicate to the Commission major methodological or other changes that would influence the data transmitted, not later than three months after any such change becomes applicable. The Commission shall notify the European Parliament and the other Member States of any such communication.
Article 5Data flows
The statistics to be produced shall be grouped for transmission to the Commission (Eurostat) according to the following data flows:
(a)
balance of payments euro indicators;
(b)
balance of payments quarterly statistics;
(c)
international trade in services;
(d)
foreign direct investment (FDI) flows;
(e)
FDI positions.
The data flows shall be as further specified in Annex I.
Article 6Reference period and periodicity
Member States shall compile the data flows according to the relevant first reference period and the periodicity as specified in Annex I.
Article 7Transmission of data
Member States shall transmit to the Commission (Eurostat) the data required by this Regulation following a format and a procedure defined by the Commission, in accordance with the procedure referred to in Article 11(2).
Article 8Transmission and exchange of confidential data
1. Notwithstanding the rules laid down in Article 5(4) of Regulation (Euratom, EEC) No 1588/90, the transmission of confidential data between Eurostat and the ECB may take place to the extent this transmission is necessary to ensure coherence between the balance of payments figures of the European Union and those of the economic territory of the Member States which have adopted the single currency.
2. Paragraph 1 shall apply on condition that the ECB takes due account of the principles defined in Article 10 of Regulation (EC) No 322/97 and complies with the conditions laid down in Article 14 of the same Regulation.
3. The exchange of confidential data, as defined by Article 13 of Regulation (EC) No 322/97, shall be allowed between Member States where the exchange is necessary to safeguard the quality of the balance of payment figures of the European Union.
Member States receiving confidential data from other Member States shall treat that information confidentially.
Article 9Dissemination
The Commission (Eurostat) shall disseminate the Community statistics produced pursuant to this Regulation, with a periodicity similar to that specified in Annex I.
Article 10Adaptation to economic and technical changes
The measures necessary to take account of economic and technical changes shall be laid down in accordance with the procedure referred to in Article 11(2).
Such measures shall concern:
(a)
the updating of the definitions (Annex II);
(b)
the updating of data requirements, including submission deadlines as well as revisions, extensions and eliminations of data flows (Annex I).
Article 11Committee procedure
1. The Commission shall be assisted by a Balance of Payments Committee, hereinafter the ‘Committee’.
2. Where reference is made to this paragraph, Articles 5 and 7 of Decision 1999/468/EC shall apply, having regard to the provisions of Article 8 thereof.
The period laid down in Article 5(6) of Decision 1999/468/EC shall be set at three months.
3. The Committee shall adopt its Rules of Procedure.
4. The ECB may attend the meetings of the Committee as an observer.
Article 12Report on implementation
By 28 February 2010, the Commission shall submit a report to the European Parliament and the Council on the implementation of this Regulation.
In particular, the report shall:
(a)
record the quality of the statistics produced;
(b)
assess the benefits accruing to the Community, the Member States and the providers and users of statistical information of the statistics produced in relation to the costs;
(c)
identify areas for potential improvement and amendments considered necessary in the light of the results obtained;
(d)
review the operation of the Committee and recommend whether the scope of implementing measures should be redefined.
Article 13Entry into force
This Regulation shall enter into force on the 20th day following its publication in the Official Journal of the European Union .
Schedules & Appendices
ANNEX IDATA FLOWS
ANNEX I
DATA FLOWS
referred to in Article 5
1. Balance of payments euro indicators
BOP EUR
Euro Indicators
Deadline: t ( 1 ) + 2 months
Periodicity: Quarter
First reference period: First quarter of 2006
Credit
Debit
Net
Current Account
Extra-EU
Extra-EU
Extra-EU
Services
Extra-EU
Extra-EU
Extra-EU
2. Balance of payments quarterly statistics
BOP Q
Quarterly Data
Deadline: t + 3 months
Periodicity: Quarter
First reference period: First quarter of 2006
Credit
Debit
Net
I.
Current Account
Level 1
Level 1
Level 1
Goods
Level 1
Level 1
Level 1
Services
Level 1
Level 1
Level 1
Transportation
Level 1
Level 1
Level 1
Travel
Level 1
Level 1
Level 1
Communications services
Level 1
Level 1
Level 1
Construction services
Level 1
Level 1
Level 1
Insurance services
Level 1
Level 1
Level 1
Financial services
Level 1
Level 1
Level 1
Computer and information services
Level 1
Level 1
Level 1
Royalties and licence fees
Level 1
Level 1
Level 1
Other business services
Level 1
Level 1
Level 1
Personal, cultural and recreational services
Level 1
Level 1
Level 1
Government services, not included elsewhere.
Level 1
Level 1
Level 1
Income
Level 1
Level 1
Level 1
Compensation of employees
Level 1
Level 1
Level 1
Investment Income
—
Direct Investment
Level 1
Level 1
Level 1
—
Portfolio Investment
Extra-EU
World
—
Other Investment
Extra-EU
Extra-EU
Extra-EU
Current transfers
Level 1
Level 1
Level 1
General Government
Extra-EU
Extra-EU
Extra-EU
Other sectors
Extra-EU
Extra-EU
Extra-EU
II.
Capital Account
Extra-EU
Extra-EU
Extra-EU
Net assets
Net liabilities
Net
III.
Financial Account
Direct Investment
Level 1
Abroad
Level 1
—
Equity capital
Level 1
—
Reinvested earnings
Level 1
—
Other capital
Level 1
In the reporting economy
Level 1
—
Equity capital
Level 1
—
Reinvested earnings
Level 1
—
Other capital
Level 1
Portfolio Investment
Extra-EU
World
Financial derivatives
World
Other Investment
Extra-EU
Extra-EU
Extra-EU
3. International trade in services
BOP ITS
International Trade in Services
Deadline: t + 9 months
Periodicity: Year
First reference period: 2006
Credit
Debit
Net
Total Services
Level 3
Level 3
Level 3
Transportation
Level 2
Level 2
Level 2
Sea transport
Level 2
Level 2
Level 2
—
Passenger
Level 2
Level 2
Level 2
—
Freight
Level 2
Level 2
Level 2
—
Other
Level 2
Level 2
Level 2
Air transport
Level 2
Level 2
Level 2
—
Passenger
Level 2
Level 2
Level 2
—
Freight
Level 2
Level 2
Level 2
—
Other
Level 2
Level 2
Level 2
Other transport
Level 2
Level 2
Level 2
—
Passenger
Level 2
Level 2
Level 2
—
Freight
Level 2
Level 2
Level 2
—
Other
Level 2
Level 2
Level 2
Extended classification of other transport
Space transport
Level 2
Level 2
Level 2
Rail transport
Level 2
Level 2
Level 2
—
Passenger
Level 2
Level 2
Level 2
—
Freight
Level 2
Level 2
Level 2
—
Other
Level 2
Level 2
Level 2
Road transport
Level 2
Level 2
Level 2
—
Passenger
Level 2
Level 2
Level 2
—
Freight
Level 2
Level 2
Level 2
—
Other
Level 2
Level 2
Level 2
Inland waterway transport
Level 2
Level 2
Level 2
—
Passenger
Level 2
Level 2
Level 2
—
Freight
Level 2
Level 2
Level 2
—
Other
Level 2
Level 2
Level 2
Pipeline transport and electricity transmission
Level 2
Level 2
Level 2
Other supporting and auxiliary transport services
Level 2
Level 2
Level 2
Travel
Level 2
Level 2
Level 2
Business travel
Level 2
Level 2
Level 2
—
Expenditure by seasonal and border workers
Level 2
Level 2
Level 2
—
Other
Level 2
Level 2
Level 2
Personal travel
Level 2
Level 2
Level 2
—
Health-related expenditure
Level 2
Level 2
Level 2
—
Education-related expenditure
Level 2
Level 2
Level 2
—
Other
Level 2
Level 2
Level 2
Communications services
Level 2
Level 2
Level 2
Postal and courier services
Level 2
Level 2
Level 2
Telecommunications services
Level 2
Level 2
Level 2
Construction services
Level 2
Level 2
Level 2
Construction abroad
Level 2
Level 2
Level 2
Construction in the compiling economy
Level 2
Level 2
Level 2
Insurance services
Level 2
Level 2
Level 2
Life insurance and pension funding
Level 2
Level 2
Level 2
Freight insurance
Level 2
Level 2
Level 2
Other direct insurance
Level 2
Level 2
Level 2
Reinsurance
Level 2
Level 2
Level 2
Auxiliary services
Level 2
Level 2
Level 2
Financial services
Level 2
Level 2
Level 2
Computer and information services
Level 2
Level 2
Level 2
Computer services
Level 2
Level 2
Level 2
Information services
Level 2
Level 2
Level 2
—
News agency services
Level 2
Level 2
Level 2
—
Other information provision services
Level 2
Level 2
Level 2
Royalties and licence fees
Level 2
Level 2
Level 2
Franchises and similar rights
Level 2
Level 2
Level 2
Other royalties and license fees
Level 2
Level 2
Level 2
Other business services
Level 2
Level 2
Level 2
Merchanting and other trade-related services
Level 2
Level 2
Level 2
—
Merchanting
Level 2
Level 2
Level 2
—
Other trade-related services
Level 2
Level 2
Level 2
Operational leasing services
Level 2
Level 2
Level 2
Miscellaneous business, professional and technical services
Level 2
Level 2
Level 2
—
Legal, accounting, management consulting and public relations
Level 2
Level 2
Level 2
—
Legal services
Level 2
Level 2
Level 2
—
Accounting, auditing, bookkeeping and tax consulting services
Level 2
Level 2
Level 2
—
Business and management consulting and public relations services
Level 2
Level 2
Level 2
—
Advertising, market research, and public opinion polling
Level 2
Level 2
Level 2
—
Research and development
Level 2
Level 2
Level 2
—
Architectural, engineering and other technical services
Level 2
Level 2
Level 2
—
Agricultural, mining and on-site processing services
Level 2
Level 2
Level 2
—
Waste treatment and depollution
Level 2
Level 2
Level 2
—
Agricultural, mining and other on-site processing services
Level 2
Level 2
Level 2
—
Other business services
Level 2
Level 2
Level 2
—
Services between related enterprises, not included elsewhere.
Level 2
Level 2
Level 2
Personal, cultural and recreational services
Level 2
Level 2
Level 2
Audiovisual and related services
Level 2
Level 2
Level 2
Other personal, cultural and recreational services
Level 2
Level 2
Level 2
—
Education services
Level 2
Level 2
Level 2
—
Health services
Level 2
Level 2
Level 2
—
Other
Level 2
Level 2
Level 2
Government services (not included elsewhere)
Level 2
Level 2
Level 2
Embassies and consulates
Level 2
Level 2
Level 2
Military units and agencies
Level 2
Level 2
Level 2
Other government services
Level 2
Level 2
Level 2
Memorandum items
Audiovisual transactions
Level 1
Level 1
Level 1
Postal services
Level 1
Level 1
Level 1
Courier services
Level 1
Level 1
Level 1
4. Foreign Direct Investment (FDI) flows
BOP FDI
Direct Investment Flows ( *1 )
Deadline: t + 9 months
Periodicity: Year
First reference period: 2006
A
Geographical breakdown
Item
Data type
Geographical breakdown
Activity breakdown
Direct investment abroad
510
Equity capital
Net
Level 2
Not required
525
Reinvested earnings
Net
Level 2
Not required
530
Other capital
Net
Level 2
Not required
505
Direct investment abroad: Total
Net
Level 3
Not required
Direct investment in the reporting economy
560
Equity capital
Net
Level 2
Not required
575
Reinvested earnings
Net
Level 2
Not required
580
Other capital
Net
Level 2
Not required
555
Direct investment in the reporting economy: Total
Net
Level 3
Not required
Direct investment income
332
Dividends
Credit, debit, net
Level 2
Not required
333
Reinvested earning and undistributed branch profits
Credit, debit, net
Level 2
Not required
334
Income on debt
Credit, debit, net
Level 2
Not required
330
Direct investment income: Total
Credit, debit, net
Level 3
Not required
BOP FDI
Direct Investment Flows
Deadline: t + 21 months
Periodicity: Year
First reference period: 2006
A
Geographical breakdown
Item
Data type
Geographical breakdown
Activity breakdown
Direct investment abroad
510
Equity capital
Net
Level 2
Not required
525
Reinvested earnings
Net
Level 2
Not required
530
Other capital
Net
Level 2
Not required
505
Direct investment abroad: Total
Net
Level 3
Not required
Direct investment in the reporting economy
560
Equity capital
Net
Level 2
Not required
575
Reinvested earnings
Net
Level 2
Not required
580
Other capital
Net
Level 2
Not required
555
Direct investment in the reporting economy: Total
Net
Level 3
Not required
Direct investment income
332
Dividends
Credit, debit, net
Level 2
Not required
333
Reinvested earning and undistributed branch profits
Credit, debit, net
Level 2
Not required
334
Income on debt
Credit, debit, net
Level 2
Not required
330
Direct investment income: Total
Credit, debit, net
Level 3
Not required
B
Activity breakdown
Item
Data type
Geographical breakdown
Activity breakdown
505
Direct investment income: Total
Net
Net
Level 1
Level 2
Level 2
Level 1
555
Direct investment in the reporting economy: Total
Net
Net
Level 1
Level 2
Level 2
Level 1
330
Direct investment income: Total
Credit, debit, net
Credit, debit, net
Level 1
Level 2
Level 2
Level 1
5. Foreign Direct Investment (FDI) positions
BOP POS
Direct Investment Positions ( *2 )
( 2 )
Deadline: t + 9 months
Periodicity: Year
First reference period: 2006
A
Geographical breakdown
Item
Data type
Geographical breakdown
Activity breakdown
Direct investment assets
506
Equity capital and reinvested earnings
Net Positions
Level 1
Not required
530
Other capital
Net Positions
Level 1
Not required
505
Direct investment abroad: Total assets, net
Net Positions
Level 2
Not required
Direct investment liabilities
556
Equity capital and reinvested earnings
Net Positions
Level 1
Not required
580
Other capital
Net Positions
Level 1
Not required
555
Direct investment in the reporting economy: Total liabilities, net
Net Positions
Level 2
Not required
BOP POS
Direct Investment Positions ( 3 )
Deadline: t + 21 months
Periodicity: Year
First reference period: 2006
A
Geographical breakdown
Item
Data type
Geographical breakdown
Activity breakdown
Direct investment assets
506
Equity capital and reinvested earnings
Net Positions
Level 2
Not required
530
Other capital
Net Positions
Level 2
Not required
505
Direct investment abroad: Total assets, net
Net Positions
Level 3
Not required
Direct investment liabilities
556
Equity capital and reinvested earnings
Net Positions
Level 2
Not required
580
Other capital
Net Positions
Level 2
Not required
555
Direct investment in the reporting economy: Total liabilities, net
Net Positions
Level 3
Not required
B
Activity breakdown
Item
Data type
Geographical breakdown
Activity breakdown
505
Direct investment abroad: Total assets, net
Net Positions
Level 1
Level 2
Level 2
Level 1
555
Direct investment in the reporting economy: Total liabilities, net
Net Positions
Level 1
Level 2
Level 2
Level 1
6. Geographical breakdown levels
Level 1
Level 2
A1
World (all entities)
A1
World (all entities)
D3
EU-25 (Intra-EU-25)
D3
EU-25 (Intra-EU-25)
U4
Extra-euro-zone
U4
Extra-euro-zone
4A
European Union institutions
4A
European Union institutions
D5
Extra-EU-25
D5
Extra-EU-25
IS
Iceland
LI
Liechtenstein
NO
Norway
CH
Switzerland
CH
Switzerland
BG
Bulgaria
HR
Croatia
RO
Romania
RU
Russian Federation
TR
Turkey
EG
Egypt
MA
Morocco
NG
Nigeria
ZA
South Africa
CA
Canada
CA
Canada
US
United States of America
US
United States of America
MX
Mexico
AR
Argentina
BR
Brazil
CL
Chile
UY
Uruguay
VE
Venezuela
IL
Israel
CN
China
HK
Hong Kong
IN
India
ID
Indonesia
JP
Japan
JP
Japan
KR
South Korea
MY
Malaysia
PH
Philippines
SG
Singapore
TW
Taiwan
TH
Thailand
AU
Australia
NZ
New Zealand
Z8
Extra- EU-25 non-allocated
Z8
Extra- EU-25 non-allocated
C4
Offshore financial centres ( 4 )
C4
Offshore financial centres
Level 3
7Z
International Organisations excluding European Union Institutions
AD
Andorra
AE
United Arab Emirates
AF
Afghanistan
AG
Antigua and Barbuda
AI
Anguilla
AL
Albania
AM
Armenia
AN
Netherlands Antilles
AO
Angola
AQ
Antarctica
AR
Argentina
AS
American Samoa
AT
Austria
AU
Australia
AW
Aruba
AZ
Azerbaijan
BA
Bosnia and Herzegovina
BB
Barbados
BD
Bangladesh
BE
Belgium
BF
Burkina Faso
BG
Bulgaria
BH
Bahrain
BI
Burundi
BJ
Benin
BM
Bermuda
BN
Brunei Darussalam
BO
Bolivia
BR
Brazil
BS
Bahamas
BT
Bhutan
BV
Bouvet Island
BW
Botswana
BY
Belarus
BZ
Belize
CA
Canada
CC
Cocos (Keeling) Islands
CD
Congo, the Democratic Republic of the
CF
Central African Republic
CG
Congo
CH
Switzerland
CI
Côte d'Ivoire
CK
Cook Islands
CL
Chile
CM
Cameroon
CN
China
CO
Colombia
CR
Costa Rica
CS
Serbia and Montenegro
CU
Cuba
CV
Cape Verde
CX
Christmas Island
CY
Cyprus
CZ
Czech Republic
DE
Germany
DJ
Djibouti
DK
Denmark
DM
Dominica
DO
Dominican Republic
DZ
Algeria
EC
Ecuador
EE
Estonia
EG
Egypt
ER
Eritrea
ES
Spain
ET
Ethiopia
FI
Finland
FJ
Fiji
FK
Falkland Islands (Malvinas)
FM
Micronesia, Federated States of
FO
Faeroe Islands
FR
France
GA
Gabon
GB
United Kingdom
GD
Grenada
GE
Georgia
GG
Guernsey (No official ISO 3166-1 country code, exceptionally reserved code elements)
GH
Ghana
GI
Gibraltar
GL
Greenland
GM
Gambia
GN
Guinea
GQ
Equatorial Guinea
GR
Greece
GS
South Georgia and the South Sandwich Islands
GT
Guatemala
GU
Guam
GW
Guinea-Bissau
GY
Guyana
HK
Hong Kong
HM
Heard Island and McDonald Islands
HN
Honduras
HR
Croatia
HT
Haiti
HU
Hungary
ID
Indonesia
IE
Ireland
IL
Israel
IM
Isle of Man (No official ISO 3166-1 country code, exceptionally reserved code elements)
IN
India
IO
British Indian Ocean Territory
IQ
Iraq
IR
Iran, Islamic Republic of
IS
Iceland
IT
Italy
JE
Jersey (No official ISO 3166-1 country code, exceptionally reserved code elements)
JM
Jamaica
JO
Jordan
JP
Japan
KE
Kenya
KG
Kyrgyzstan
KH
Cambodia (Kampuchea)
KI
Kiribati
KM
Comoros
KN
St Kitts and Nevis
KP
Korea, Democratic People's Republic of (North Korea)
KR
Korea, Republic of (South Korea)
KW
Kuwait
KY
Cayman Islands
KZ
Kazakhstan
LA
Lao People's Democratic Republic
LB
Lebanon
LC
Saint Lucia
LI
Liechtenstein
LK
Sri Lanka
LR
Liberia
LS
Lesotho
LT
Lithuania
LU
Luxembourg
LV
Latvia
LY
Libyan Arab Jamahiriya
MA
Morocco
MD
Moldova, Republic of
MG
Madagascar
MH
Marshall Islands
MK ( 5 )
Macedonia, the Former Yugoslav Republic of
ML
Mali
MM
Myanmar
MN
Mongolia
MO
Macao
MP
Northern Mariana Islands
MQ
Martinique
MR
Mauritania
MS
Montserrat
MT
Malta
MU
Mauritius
MV
Maldives
MW
Malawi
MX
Mexico
MY
Malaysia
MZ
Mozambique
NA
Namibia
NC
New Caledonia
NE
Niger
NF
Norfolk Island
NG
Nigeria
NI
Nicaragua
NL
Netherlands
NO
Norway
NP
Nepal
NR
Nauru
NU
Niue
NZ
New Zealand
OM
Oman
PA
Panama
PE
Peru
PF
French Polynesia
PG
Papua New Guinea
PH
Philippines
PK
Pakistan
PL
Poland
PN
Pitcairn
PR
Puerto Rico
PS
Palestinian Territory, Occupied
PT
Portugal
PW
Palau
PY
Paraguay
QA
Qatar
RO
Romania
RU
Russian Federation
RW
Rwanda
SA
Saudi Arabia
SB
Solomon Islands
SC
Seychelles
SD
Sudan
SE
Sweden
SG
Singapore
SH
St Helena
SI
Slovenia
SK
Slovakia
SL
Sierra Leone
SM
San Marino
SN
Senegal
SO
Somalia
SR
Suriname
ST
Sao Tome and Principe
SV
El Salvador
SY
Syrian Arab Republic
SZ
Swaziland
TC
Turks and Caicos Islands
TD
Chad
TG
Togo
TH
Thailand
TJ
Tajikistan
TK
Tokelau
TL
Timor Leste
TM
Turkmenistan
TN
Tunisia
TO
Tonga
TR
Turkey
TT
Trinidad and Tobago
TV
Tuvalu
TW
Taiwan, Province of China
TZ
Tanzania, United Republic of
UA
Ukraine
UG
Uganda
UM
United States Minor Outlying Islands
US
United States
UY
Uruguay
UZ
Uzbekistan
VA
Holy See (Vatican City State)
VC
St Vincent and the Grenadines
VE
Venezuela
VG
Virgin Islands, British
VI
Virgin Islands, US
VN
Vietnam
VU
Vanuatu
WF
Wallis and Futuna
WS
Samoa
YE
Yemen
YT
Mayotte
ZA
South Africa
ZM
Zambia
ZW
Zimbabwe
7. Activity breakdown levels
Level 1
Level 2
NACE rev. 1
AGRICULTURE AND FISHING
Section A and B
MINING & QUARRYING
MINING AND QUARRYING
Section C
Of which:
Extraction of petroleum and gas
Div 11
MANUFACTURING
MANUFACTURING
Section D
Food products
Subsection DA
Textiles and wearing apparel
Subsection DB
Wood, publishing and printing
Subsections DD and DE
TOTAL textiles and wood activities
Refined petroleum products and other treatments
Div 23
Manufacture of chemicals and chemical products
Div 24
Rubber and plastic products
Div 25
Petroleum, chemical, rubber, plastic products
TOTAL petroleum, chemical, rubber, plastic products
Metal products
Subsection DJ
Mechanical products
Div 29
TOTAL metal and mechanical products
Office machinery and computers
Div 30
Radio, TV, communication equipment
Div 32
Office machinery, computers, RTV, communication equipment
TOTAL machines, computers, RTV, communication equipment.
Motor vehicles
Div 34
Other transport equipment
Div 35
Vehicles, other transport equipment
TOTAL vehicles and other transport equipment
Manufacturing n.i.e.
ELECTRICITY, GAS & WATER
ELECTRICITY, GAS AND WATER
Section E
CONSTRUCTION
CONSTRUCTION
Section F
TOTAL SERVICES
TOTAL SERVICES
TRADE AND REPAIRS
TRADE AND REPAIRS
Section G
Sale, maintenance and repair of motor vehicles and motor cycles; retail sale of automotive fuel
Div 50
Wholesale trade and commission trade, except of motor vehicles and motor cycles
Div 51
Retail trade, except of motor vehicles and motor cycles; repair of personal and household goods
Div 52
HOTELS & RESTAURANTS
HOTELS AND RESTAURANTS
Section H
TRANSPORT, STORAGE AND COMMUNICATIONS
TRANSPORT, STORAGE AND COMMUNICATIONS
Section I
Transport and storage
Div 60, 61, 62, 63
Land transport; transport via pipelines
Div 60
Water transport
Div 61
Air transport
Div 62
Supporting and auxiliary transport activities; activities of travel agencies
Div 63
Post and telecommunications
Div 64
Post and courier activities
Group 641
Telecommunications
Group 642
FINANCIAL INTERMEDIATION
FINANCIAL INTERMEDIATION
Section J
Financial intermediation, except insurance and pension funding
Div 65
Insurance and pension funding, except compulsory social security
Div 66
Activities auxiliary to financial intermediation
Div 67
REAL ESTATE ACTIVITIES
Section K, Div 70
RENTING OF MACHINERY AND EQUIPMENT WITHOUT bPERATOR AND OF PERSONAL AND HOUSEHOLD GOODS
Section K, Div 71
COMPUTER & RELATED ACTIVITIES
COMPUTER AND RELATED ACTIVITIES
Section K, Div 72
RESEARCH & DEVELOPMENT
RESEARCH AND DEVELOPMENT
Section K, Div 73
OTHER BUSINESS ACTIVITIES
OTHER BUSINESS ACTIVITIES
Section K, Div 74
Legal accounting, market research, consultancy
Group 741
Legal activities
Class 7411
Accounting, bookkeeping and audit; tax consultancy
Class 7412
Market research and public opinion polling
Class 7413
Business and management consultancy activities
Class 7414, 7415
Architectural, engineering and other technical activities
Group 742
Advertising
Group 744
Business activities not elsewhere classified.
Group 743, 745, 746, 747, 748
EDUCATION
Section M
HEALTH AND SOCIAL WORK
Section N
SEWAGE AND REFUSE DISPOSAL
Section O, Div 90
ACTIVITIES OF MEMBERSHIP ORGANISATIONS NOT ELSEWHERE CLASSIFIED.
Section O, Div 91
RECREATIONAL, CULTURAL, SPORTING ACTIVITIES
RECREATIONAL, CULTURAL, SPORTING ACTIVITIES
Section O, Div 92
Motion picture, radio, television, other entertainment activities
Group 921, 922, 923
News agency activities
Group 924
Library, archives, museums, other cultural activities
Group 925
Sporting and other recreational activities
Group 926, 927
OTHER SERVICE ACTIVITIES
Section O, Div 93
Not allocated
( 1 ) t = reference period (year or quarter).
( *1 ) Only the geographical breakdown.
( *2 ) Only the geographical breakdown.
( 2 ) FDI positions as at 31.12.2005 will be transmitted in September 2007 pursuant to existing gentlemen’s agreements.
( 3 ) The revised data on FDI positions as at 31.12.2005 will be transmitted in September 2008 pursuant to this Regulation.
( 4 ) Only for FDI.
( 5 ) Provisional code that does not affect the definitive denomination of the country to be attributed after the conclusion of the negotiations currently taking place in the United Nations.
ANNEX IIDEFINITIONS
ANNEX II
DEFINITIONS
referred to in Article 10
GOODS (CODE 100)
The goods component of the Balance of Payments Current Account covers moveable goods for which change of ownership (between residents and non-residents) occurs. These goods should be measured at market value on an f.o.b. basis. Exceptions to the change of ownership rule (transactions in these items are recorded in goods) include: goods on financial lease, goods transferred between a parent enterprise and a branch, and some goods for processing. Intra-EU Trade in Goods: the partner country should be defined according to the consignment principle. It includes: general merchandise, goods for processing, repairs on goods, goods procured in ports by carriers and non-monetary gold.
SERVICES (CODE 200)
Transportation (code 205)
Covers all transportation services that are provided by residents of one economy for those of another and that involve the carriage of passengers, the movement of goods (freight), rentals (charters) of carriers with crew, and related supporting and auxiliary services.
Sea transport (code 206)
Covers all transportation services by sea. The following breakdown is required: Passenger Sea Transport (code 207); Freight Sea Transport (code 208), and Other Sea Transport (code 209).
Air transport (code 210)
Covers all transportation services provided by air. The following breakdown is required: Passenger Air Transport (code 211); Freight Air Transport (code 212), and Other Air Transport (code 213).
Other transport (code 214)
Covers all transportation services not provided by sea or air. The following breakdown is required: Passenger on Other Transport (code 215); Freight on Other Transport (code 216), and Other on Other Transport (code 217).
An extended classification for Other Transport (code 214) is required as follows:
Space transport (code 218)
Includes satellite launches undertaken by commercial enterprises for the owners of the satellites (such as telecommunication enterprises) and other operations performed by operators of space equipment, such as transport of goods and people for scientific experiments. Also included, is space passenger transport and the payments made by an economy in order to have its residents included on the space vehicles of another economy.
Rail transport (code 219)
Covers transport by train. A further subdivision between Passenger Rail Transport (code 220), Freight Rail Transport (code 221) and Other rail transport (code 222) is required.
Road transport (code 223)
Covers transport by lorries, trucks, buses and coaches. A further subdivision between Passenger Road Transport (code 224), Freight Road Transport (code 225) and Other Road Transport (code 226) is required.
Inland Waterway Transport (code 227)
Relates to international transportation on rivers, canals and lakes. Included are waterways that are internal to one country and those that are shared among two or more countries. A further subdivision between Passenger Inland Waterway Transport (code 228), Freight Inland Waterway Transport (code 229) and Other Inland Waterway Transport (code 230) is required.
Pipeline Transport and Electricity Transmission (code 231)
Covers international transport of goods in pipelines. Also included are charges for the transmission of electricity when this is separate from the production and distribution process. The provision of electricity itself is excluded, as is the provision of petroleum and related products, water and other goods supplied through pipelines. Also excluded are distribution services of electricity, water, gas and other petroleum products (included in Other Business Services (code 284)).
Other Supporting and Auxiliary Transport Services (code 232)
Other supporting and auxiliary transport services covers all other transportation services that cannot be allocated to any of the components of transportation services described above.
Travel (code 236)
Travel covers primarily the goods and services acquired from an economy by travellers during visits of less than one year to that economy. The goods and services are purchased by, or on behalf of, the traveller or provided, without a quid pro quo (that is, are provided as a gift), for the traveller to use or give away. Excluded are transportation of travellers within the economies that they are visiting, where such transportation is provided by carriers not resident in the particular economy being visited, as well as the international carriage of travellers, both of which are covered in passenger services under transportation. Also excluded are goods purchased by a traveller for resale in the traveller’s own economy or in any other economy. Travel is divided in two subcomponents: Business Travel (code 237) and Personal Travel (code 240).
Business Travel (code 237)
Business travel covers the acquisition of goods and services by business travellers. Also includes the acquisition of goods and services for personal use by seasonal, border and other workers who are not resident in the economy in which they are employed and whose employer is resident in that economy. Business travel is further divided into Expenditure by seasonal and border workers (code 238) and Other Business Travel (code 239).
Expenditure by seasonal and border workers (code 238)
Includes the acquisition of goods and services for personal use by seasonal, border and other workers who are not resident in the economy in which they are employed and whose employer is resident in that economy.
Other Business Travel (code 239)
Covers all Business Travel (code 237) not included in Expenditure by seasonal and border workers (code 238).
Personal Travel (code 240)
Personal travel covers goods and services acquired by travellers going abroad for purposes other than business, such as holidays, participation in recreational and cultural activities, visits with friends and relations, pilgrimage, and education- and health-related purposes. Personal travel (code 240) is divided in three subcomponents: Health-related Expenditure (code 241), Education-related Expenditure (code 242) and Other Personal Travel (code 243).
Health-related Expenditure (code 241)
It is defined as the total expenditure by those travelling for medical reasons.
Education-related expenditure (code 242)
It is defined as the total expenditure by students.
Other Personal Travel (code 243)
Covers all Personal Travel (code 240) not included in Health-related Expenditure (code 241) or Education-related Expenditure (code 242).
Other services (code 981)
All Services (code 200) not included in Transportation (code 205) or Travel (code 236).
Communication services (code 245)
Comprises Postal and Courier Services (code 246) and Telecommunication Services (code 247).
Postal and Courier Services (code 246)
Comprises Postal Services (code 958) and Courier Services (code 959).
Postal Services (code 958)
Includes poste restante services, telegram services and post office counter services, such as sales of stamps, money orders etc. Postal services are often, but not exclusively, supplied by national postal administrations. Postal services are subject to international agreements, and the flows between operators of different economies should be recorded on a gross basis.
Courier Services (code 959)
Courier services focuses on express and door-to-door delivery. Couriers may use self-owned, privately shared or public transportation to supply these services. Included are express delivery services, which might include, for example, on-demand pick-up or time-definite delivery.
Telecommunications Services (code 247)
Encompasses the transmission of sound, images or other information by telephone, telex, telegram, radio and television cable and broadcasting, satellite, electronic mail, facsimile services etc., including business network services, teleconferencing and support services. It does not include the value of the information transported. Also included are cellular telephone services, Internet backbone services and online access services, including provision of access to the Internet.
Construction Services (code 249)
Comprises Construction Abroad (code 250) and Construction in the Compiling Economy (code 251).
Construction Abroad (code 250)
Comprises the construction services provided to non-residents by enterprises resident in the compiling economy (credit) and the goods and services purchased in the host economy by these enterprises (debit).
Construction in the Compiling Economy (code 251)
Comprises construction services provided to residents of the compiling economy by non-resident construction enterprises (debit) and the goods and services purchased in the compiling economy by these non-resident enterprises (credit).
Insurance Services (code 253)
Covers the provision of various types of insurance to non-residents by resident insurance enterprises, and vice versa. These services are estimated or valued by the service charges included in total premiums rather than by the total value of the premiums. It comprises Life insurance and pension funding (code 254), Freight insurance (code 255), Other direct insurance (code 256), Reinsurance (code 257) and Auxiliary services (code 258)
Life Insurance and Pension Funding (code 254)
Holders of life insurance policies, both with profit and without profit, make regular payments to an insurer (there may be just a single payment), in return for which the insurer guarantees to pay the policy holder an agreed minimum sum or an annuity, at a given date or at the death of the policy holder, if this occurs earlier. Term life insurance, where benefits are provided in the case of death but in no other circumstances, is a form of direct insurance, and is excluded here and included in Other direct insurance (code 256).
Pension funds are separate funds established for the purpose of providing income on retirement for specific groups of employees. They are organised and directed by private or public employers or jointly by employers and their employees. They are funded by contributions from the employer and/or the employees and by the investment income earned on fund assets, and they also engage in financial transactions on their own account. They do not include social security schemes organised for large sections of the community that are imposed, controlled or financed by general government. Pension fund management services are included. In the case of pension funds, ‘premiums’ are generally described as ‘contributions’, while ‘claims’ are generally described as ‘benefits’
Freight Insurance (code 255)
Freight insurance services relate to insurance provided on goods that are in the process of being exported or imported, on a basis that is consistent with the measurement of goods f.o.b. and freight transportation.
Other Direct Insurance (code 256)
Other direct insurance covers all other forms of casualty insurance. Included are term life insurance; accident and health insurance (unless these are provided as part of government social security schemes); marine, aviation and other transport insurance, fire and other property damage, pecuniary loss insurance, general liability insurance and other insurance, such as travel insurance and insurance related to loans and credit cards.
Reinsurance (code 257)
Reinsurance is the process of subcontracting parts of the insurance risk, often to specialised operators, in return for a proportionate share of the premium income. Reinsurance transactions may relate to packages that mix several types of risks.
Auxiliary Services (code 258)
Comprises transactions that are closely related to insurance and pension fund operations. Included are agents’ commissions, insurance brokering and agency services, insurance and pension consultancy services, evaluation and adjustment services, actuarial services, salvage administration services, and regulatory and monitoring services on indemnities and recovery services.
Financial Services (code 260)
Financial services covers financial intermediation and auxiliary services, except those of life insurance enterprises and pension funds (which are included in life insurance and pension funding) and other insurance services that are conducted between residents and non-residents. Such services may be provided by banks, stock exchanges, factoring enterprises, credit card enterprises and other enterprises. Included are services provided in connection with transactions in financial instruments, as well as other services related to financial activity, such as advisory, custody and asset management services.
Computer and Information Services (code 262)
Comprises Computer Services (code 263) and Information Services (code 264).
Computer Services (code 263)
Consists of hardware and software-related services and data-processing services. Included are hardware and software consultancy and implementation services; maintenance and repair of computers and peripheral equipment; disaster recovery services, provision of advice and assistance on matters related to the management of computer resources; analysis, design and programming of systems ready to use (including web page development and design), and technical consultancy related to software; development, production, supply and documentation of customised software, including operating systems made on order for specific users; systems maintenance and other support services, such as training provided as part of consultancy; data-processing services, such as data entry, tabulation and processing on a time-sharing basis; web page hosting services (i.e. the provision of server space on the Internet to host clients’ web pages); and computer facilities management.
Information Services (code 264)
Comprises News Agency Services (code 889) and Other information provision services (code 890).
News Agency Services (code 889)
News agency services include the provision of news, photographs, and feature articles to the media.
Other information provision services (code 890)
Includes database services - database conception, data storage and the dissemination of data and databases (including directories and mailing lists) - both online and through magnetic, optical or printed media and web search portals (search engine services that find internet addresses for clients who input keyword queries). Also included are direct, non-bulk subscriptions to newspapers and periodicals, whether by mail, electronic transmission or other means.
Royalties and licence fees (code 266)
Comprises Franchises and similar rights (code 891) and Other royalties and licence fees (code 892).
Franchises and similar rights (code 891)
Comprises international payments and receipts of franchising fees and the royalties paid for the use of registered trademarks.
Other royalties and licence fees (code 892)
Includes international payments and receipts for the authorised use of intangible, non-produced, non-financial assets and proprietary rights (such as patents, copyrights and industrial processes and designs) and the use, through licensing agreements, of produced originals or prototypes (such as manuscripts, computer programs, and cinematographic works and sound recordings).
Other business services (code 268)
Comprises Merchanting and other trade-related services (code 269), Operational leasing services (code 272) and Miscellaneous business, professional, and technical services (code 273).
Merchanting and other trade-related services (code 269)
Comprise Merchanting (code 270) and Other trade-related services (code 271)
Merchanting (code 270)
Merchanting is defined as the purchase of a good by a resident of the compiling economy from a non-resident and the subsequent resale of the good to another non-resident; during the process, the good does not enter or leave the compiling economy.
Other trade-related services (code 271)
Covers commissions on goods and service transactions between (a) resident merchants, commodity brokers, dealers, and commission agents and (b) non-residents.
Operational leasing services (code 272)
Covers resident/non-resident leasing (rental) and charters, without operators, of ships, aircraft and transportation equipment, such as railway cars, containers and rigs, without crew.
Miscellaneous business, professional, and technical services (code 273)
Comprises Legal, accounting, management consulting, and public relations (code 274), Advertising, market research and public opinion polling (code 278), Research and development (code 279), Architectural, engineering and other technical services (code 280), Agricultural, mining, and on-site processing services (code 281), Other business services (code 284) and Services between related enterprises, n.i.e. (code 285).
Legal, accounting, management consulting, and public relations (code 274)
Comprises Legal services (code 275), Accounting, auditing, bookkeeping and tax consultancy services (code 276) and Business and management consulting and public relations services (code 277).
Legal services (code 275)
Covers legal advisory and representation services in any legal, judicial and statutory procedures, drafting services of legal documentation and instruments, certification consultancy; and escrow and settlement services.
Accounting, auditing, bookkeeping and tax consultancy services (code 276)
Covers the recording of commercial transactions for businesses and others, examination services of accounting records and financial statements, business tax planning and consulting; and preparation of tax documents.
Business and management consulting and public relations services (code 277)
Covers advisory, guidance and operational assistance services provided to businesses for business policy and strategy and the overall planning, structuring and control of an organisation. Included are management auditing, market management, human resources, production management and project management consulting; and advisory, guidance and operational services related to improving the image of the clients and their relations with the institutions and the general public.
Advertising, market research and public opinion polling (code 278)
Services transacted between residents and non-residents. Covers the design, creation and marketing of advertisements by advertising agencies, media placement, including the purchase and sale of advertising space, exhibition services provided by trade fairs, the promotion of products abroad, market research, telemarketing and public opinion polling on various issues.
Research and development (code 279)
Covers those services that are transacted between residents and non-residents and associated with basic research, applied research and experimental development of new products and processes.
Architectural, engineering and other technical services (code 280)
Covers transactions between residents and non-residents related to architectural design of urban and other development projects; planning and project design and supervision of dams, bridges, airports, turnkey projects etc.; surveying, cartography, product testing and certification; and technical inspection services.
Agricultural, mining and on-site processing services (code 281)
Comprises Waste treatment and depollution (code 282) and Agricultural, mining, and other on-site processing services (code 283).
Waste treatment and depollution (code 282)
Includes the treatment of radioactive and other waste, stripping of contaminated soil, cleaning up of pollution including oil spills, restoration of mining sites; and decontamination and sanitation services. Also included are all other services that relate to the cleaning or restoring of the environment.
Agricultural, mining, and other on-site processing services (code 283)
Comprises:
(a)
agricultural services that are incidental to agriculture, such as the provision of agricultural machinery with crew, harvesting, treatment of crops, pest control, animal boarding, animal care, and breeding services. Services in hunting, trapping, forestry and logging, and fishing are also included here;
(b)
mining services provided at oil and gas fields, including drilling, derrick building, repair and dismantling services, and oil and gas well casing cementing. Services incidental to mineral prospecting and exploration, as well as mining engineering and geological surveying, are also included here;
(c)
other on-site processing services, which covers on-site processing of or work on goods that have been imported without change of ownership, processed but not re-exported to the country from which the goods were consigned (but are instead either sold in the processing economy or sold to a third economy) or vice versa.
Other business services (code 284)
Covers services transactions between residents and non-residents, such as the placement of personnel, security and investigative services, translation and interpretation, photographic services, building cleaning, real estate services to businesses and any other business services that cannot be classified to any of the aforementioned business services.
Services between related enterprises, n.i.e. (code 285)
It is a residual category. It covers payments between related enterprises for services that cannot be specifically classified to any other component. It includes payments from branches, subsidiaries and associates to their parent enterprise or other related enterprises that represent contributions to the general management costs of the branches, subsidiaries and associates (for planning, organising and controlling) and also reimbursements of expenses settled directly by parent enterprises. Also included are transactions between parent enterprises and their branches, subsidiaries and associates to cover overhead expenses.
Personal, cultural and recreational services (code 287)
Comprises Audiovisual and related services (code 288) and Other personal, cultural and recreational services (code 289).
Audiovisual and related services (code 288)
Comprises services and associated fees related to the production of motion pictures (on film or videotape), radio and television programmes (live or on tape) and musical recordings. Included are receipts or payments for rentals; fees received by resident actors, producers etc. for productions abroad (or by non-residents for work carried out in the compiling economy); fees for distribution rights sold to the media for a limited number of showings in specified areas and access to encrypted television channels (such as cable services). Fees to actors, directors and producers involved with theatrical and musical productions, sporting events, circuses and other similar events and fees for distribution rights (for television, radio, and film) for these activities are included.
Other personal, cultural and recreational services (code 289)
Comprises Education services (code 895), Health services (code 896) and Other or Other personal, cultural and recreational services not included elsewhere (code 897).
Education services (code 895)
Comprises services supplied between residents and non-residents relating to education, such as correspondence courses and education via television or the Internet, as well as by teachers etc. who supply services directly in host economies.
Health services (code 896)
Comprises services provided by doctors, nurses and paramedical and similar personnel, as well as laboratory and similar services, whether rendered remotely or on-site. Excluded is all expenditure by travellers on education and health (included in travel).
Other on Other personal, cultural and recreational services (code 897)
It is a residual category covering Other personal, cultural and recreational services (code 289) not included in Education services (code 895) and Health services (code 896).
Government services, n.i.e. (code 291)
It is a residual category covering government transactions (including those of international organisations) not contained in the other components of the Extended Balance of Payments Services classification (EBOPS). Included are all transactions (in both goods and services) by embassies, consulates, military units and defence agencies with residents of economies in which the embassies, consulates, military units and defence agencies are located and all transactions with other economies. Excluded are transactions with residents of the home economies represented by the embassies, consulates, military units and defence agencies, and transactions in the commissaries and post exchanges of these embassies and consulates.
A breakdown of this item into services transacted by Embassies and consulates (code 292), Services transacted by Military units and agencies (code 293) and Other government services (code 294) is required.
INCOME (CODE 300)
Income covers two types of transactions between residents and non-residents: (i) those involving compensation of employees, which is paid to non-resident workers (e.g. border, seasonal and other short-term workers), and (ii) those involving investment income receipts and payments on external financial assets and liabilities.
Compensation of employees (code 310)
Compensation of employees comprises wages, salaries, and other benefits, in cash or in kind, earned by individuals, in economies other than those in which they are resident, for work performed for (and paid for by) residents of those economies. Included are contributions paid by employers, on behalf of employees, to social security schemes or to private insurance or pension funds (whether funded or unfunded) to secure benefits for employees.
Investment Income (code 320)
Investment income is income derived from ownership of external financial assets and payable by residents of one economy to residents of another economy. Investment income includes interest, dividends, remittances of branch profits, and direct investors’ shares of the retained earnings of direct investment enterprises. Investment income should be classified by direct, portfolio and other investment components.
Direct investment income (code 330)
Direct investment income, namely income on equity and income on debt, covers income accruing to a direct investor resident in one economy from ownership of direct investment capital in an enterprise in another economy. Income on direct investment is presented on a net basis for both direct investment abroad and in the reporting economy (i.e. receipts of income on equity and income on debt less payments on income on equity and income on debt for each). Income on equity is subdivided into (i) distributed income (dividends and distributed branch profits), and (ii) reinvested earnings and undistributed branch profits. Income on debt consists of interest payable, on intercompany debt, to/from direct investors from/to associated enterprises abroad. Income on non-participating preference shares is treated as interest income, rather than dividend income, and is included in income on debt.
Dividends and distributed branch profits (code 332)
Dividends, including stock dividends, are the distribution of earnings allocated to shares and other forms of participation in the equity of incorporated private enterprises, cooperatives, and public corporations. Distributed income may be in the form of dividends on common or preferred shares owned by direct investors in associated enterprises abroad, or vice versa.
Reinvested earnings and undistributed branch profits (code 333)
Reinvested earnings comprise direct investors' shares - in proportion to equity held, of (i) earnings that foreign subsidiaries and associated enterprises do not distribute as dividends and (ii) earnings that branches and other unincorporated enterprises do not remit to direct investors. (If that part of earnings is not identified, all branch earnings are considered, by convention, to be distributed).
Income on debt (code 334)
Income on debt consists of interest payable, on intercompany debt, to/from direct investors from/to associated enterprises abroad. Income on nonparticipating preference shares is treated as interest income, rather than dividend income, and is included in income on debt.
Equity capital and reinvested earnings abroad (code 506)
Equity capital comprises equity in branches, all shares (whether voting or non-voting) in subsidiaries and associates (except nonparticipating, preferred shares that are treated as debt securities and included under other direct investment capital), and other capital contributions. Reinvested earnings consist of the direct investor's share (in proportion to direct equity participation) of earnings not distributed as dividends by subsidiaries or associates and earnings of branches not remitted to the direct investor.
Equity capital and reinvested earnings in the reporting economy (code 556)
Equity capital comprises equity in branches, all shares (whether voting or non-voting) in subsidiaries and associates (except nonparticipating, preferred shares that are treated as debt securities and included under other direct investment capital), and other capital contributions. Reinvested earnings consist of the direct investor's share (in proportion to direct equity participation) of earnings not distributed as dividends by subsidiaries or associates and earnings of branches not remitted to the direct investor.
Portfolio investment income (code 339)
Portfolio investment income comprises income transactions between residents and non-residents and is derived from holdings of shares, bonds, notes, and money market instruments. This category is subdivided into income on equity (dividends) and income on debt (interest).
Other investment income (code 370)
Other investment income covers interest receipts and payments on all other resident claims (assets) on and liabilities to non-residents, respectively. This category also includes, in principle, imputed income to households from net equity in life insurance reserves and in pension funds. Interest on assets comprises interest on long- and short-term loans, on deposits, on other commercial and financial claims, and on an economy’s creditor position in the IMF. Interest on liabilities covers interest on loans, on deposits, and on other claims and interest related to the use of IMF credit and loans form the IMF. Also included is interest paid to the IMF on the Fund's SDR holdings in the General Resources Account.
Current transfers (code 379)
Current transfers are offset items to unilateral transactions in which one economic entity provides a real resource or a financial item to another entity without receiving any real resource or financial item in exchange. These resources are consumed immediately or shortly after the transfer is made. Current transfers are all transfers that are not capital. Current transfers are classified according to the sector of the compiling economy into general government and other sectors.
General government transfers (code 380)
General government transfers comprise current international cooperation and cover current transfers, in cash or in kind, between governments of different economies or between governments and international organisations.
Other sectors (code 390)
Current transfers between other sectors of an economy and non-residents comprise those occurring between individuals, between non-governmental institutions or organisations (or between the two groups), or between non-resident governmental institutions and individuals or non-governmental institutions.
Capital account (code 994)
The capital account covers all transactions that involve the receipt or payment of capital transfers and acquisition/disposal of non-produced, non-financial assets.
Financial account (code 995)
The financial account covers all transactions associated with changes of ownership in the foreign financial assets and liabilities of an economy. Such changes include the creation and liquidation of claims on, or by the rest of the world. All components are classified according to type of investment or by functional subdivision (direct investment, portfolio investment, financial derivatives, other investment, reserve assets).
DIRECT INVESTMENT (CODE 500)
Foreign direct investment is the category of international investment that reflects the objective of a resident entity in one economy (direct investor) obtaining a lasting interest in an enterprise resident in an economy other than that of the investor (direct investment enterprise). ‘Lasting interest’ implies the existence of a long-term relationship between the direct investor and the enterprise and a significant degree of influence by the investor on the management of the direct investment enterprise. Direct investment comprises the initial transaction between the two entities, that is, the transaction that establishes the direct investment relationship, and all subsequent transactions between them and among affiliated enterprises, both incorporated and unincorporated.
Direct Investment abroad (code 505)
Direct investment is classified primarily on a directional basis, resident direct investment abroad and non-resident investment in the reporting economy.
Equity capital (code 510)
Equity capital comprises equity in branches, all shares (whether voting or non-voting) in subsidiaries and associates (except nonparticipating, preferred shares that are treated as debt securities and included under other direct investment capital), and other capital contributions. Equity capital also covers the acquisition by a direct investment enterprise of shares in its direct investor.
Reinvested earnings (code 525)
Reinvested earnings consist of the direct investor's share (in proportion to direct equity participation) of earnings not distributed as dividends by subsidiaries or associates and earnings of branches not remitted to the direct investor. These reinvested earnings are recorded as income with an offsetting capital transaction.
Other direct investment capital (code 530)
Other direct investment capital (or intercompany debt transactions) covers the borrowing and lending of funds - including debt securities, suppliers’ credits and nonparticipating preferred shares (which are treated as debt securities), between direct investors and subsidiaries, branches, and associates. Debt claims on the direct investor by the direct investment enterprise are also recorded as direct investment capital.
Direct investment in the reporting economy (code 555)
Direct investment is classified primarily on a directional basis, resident direct investment abroad and non-resident investment in the reporting economy.
Equity capital (code 560)
Equity capital comprises equity in branches, all shares (whether voting or nonvoting) in subsidiaries and associates (except non-participating, preferred shares that are treated as debt securities and included under other direct investment capital), and other capital contributions. Equity capital also covers the acquisition by a direct investment enterprise of shares in its direct investor.
Reinvested earnings (code 575)
Reinvested earnings consist of the direct investor’s share (in proportion to direct equity participation) of earnings not distributed as dividends by subsidiaries or associates and earnings of branches not remitted to the direct investor. These reinvested earnings are recorded as income with an offsetting capital transaction.
Other direct investment capital (code 580)
Other direct investment capital (or intercompany debt transactions) covers the borrowing and lending of funds, including debt securities, suppliers’ credits and non-participating preferred shares (which are treated as debt securities), between direct investors and subsidiaries, branches, and associates. Debt claims on the direct investor by the direct investment enterprise are also recorded as direct investment capital.
PORTFOLIO INVESTMENT (CODE 600)
Portfolio investment covers transactions in equity and debt securities. Debt securities are subdivided into bonds and notes, money market instruments, and financial derivatives when the derivatives generate financial claims and liabilities. Unless they are categorised either as direct investment or as reserve assets.
Financial derivatives (code 910)
A financial derivatives contract is a financial instrument that is linked to another specific financial instrument or indicator or commodity and through which specific financial risks (such as interest rate risk, foreign exchange risk, equity and commodity price risks, credit risks, etc.) can, in their own right, be traded in financial markets.
OTHER INVESTMENT (CODE 700)
The other investment item is defined as a residual category that includes all financial transactions not covered in direct investment, portfolio investment, financial derivatives or reserve assets accounts.
15 articles
Cite this act
Regulation (EC) No 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 (EUR-Lex). Retrieved via LawPlayer, https://lawplayer.com/eu/act/32005R0184
© European Union, https://eur-lex.europa.eu, 1998-2026. Reuse authorised under Commission Decision 2011/833/EU, provided the source is acknowledged.
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