- International Monetary Fund. Statistics Dept.
- Published Date:
- February 2018
IMF COMMITTEE ON BALANCE OF PAYMENTS STATISTICS 2017 ANNUAL REPORT
February 5, 2018
The 2017 Annual Report of the IMF Committee on Balance of Payments Statistics (Committee) provides an overview of recent trends in global balance of payments and international investment position statistics, summarizes the Committee’s work during 2017, and presents the work program of the Committee in the coming year.
During 2017, the IMF Statistics Department (STA), in consultation with the Committee, continued work in addressing statistical issues emerging from globalization, global value chains and digitalization; from global and national coverage gaps, including the coverage of special purpose entities (SPEs) and of the informal economy; and from the implementation of the strategy for countries with low statistical capacity to enhance their external sector statistics (ESS). On the availability of ESS for surveillance and analytical purposes, STA continued work on addressing data gaps on cross-border financial interconnectedness and balance sheet analysis; significant steps included an examination of the feasibility of increasing the frequency of the Coordinated Portfolio Investment Survey to quarterly as well as of the possibility to set up a centralized database to exchange information on the institutional sector of non-resident issuers of securities. STA continued providing guidance on emerging conceptual and methodological issues.
In 2018, the top priorities of the Committee’s work program will be the impact in ESS of globalization and global value chains; emerging technologies and digitalization; SPEs and the informal economy; and emerging issues such as how to record cryptocurrencies in ESS. The Committee will also focus on the provision of methodological guidance on emerging issues identified in its research agenda; the implementation of a strategy to compile ESS in countries with low statistical capacity; and closing data gaps for reducing global and bilateral asymmetries.
The full set of papers presented at the Committee’s 2017 meeting is available at http://www.imf.org/external/pubs/ft/bop/2017/30.htm.
Louis Marc Ducharme
Prepared by Carlos Sánchez-Muñoz, Paul Austin, Alicia Hierro, and Tamara Razin of Statistics Department