XI. Compiling the BOP Current Account: Goods
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International Monetary Fund
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Abstract

458. The goods component of the BOP current account covers (with a few exceptions) moveable goods for which changes of ownership (between residents and nonresidents) occur. These goods should be measured at market value on an f.o.b. basis. Exceptions to the change of ownership rule include goods on financial lease, goods transferred between a parent enterprise and a branch, and some goods for processing; transactions in these items are also recorded in goods.81 Table 11.1 presents the primary entries for the compilation of goods in the BOP. The table shows the various adjustments to source data. These adjustments are required to satisfy requirements of the BPM and are covered in more detail in subsequent tables. Also shown are the standard components required by the BPM and the corresponding codes in the Guide.

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