Data - 7 External transactions and positions - Statistics Bulletin

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BP6 - Balance of Payments and International Investment Position (BPM6)



ADMINISTRATIVE INFORMATION
	Title	BP6 - Balance of Payments and International Investment Position (BPM6)
	Data source	National Central Banks and/or National Statistics Offices, ECB and Eurostat
	Contact email address	Statistical Information Request form
	Contact organisation	European Central Bank
	Contact organisation unit	DGS/ESSA/ETS

TECHNICAL INFORMATION
	Dataset last update in SDW	2021-10-04 16:25:00
	Catalog	Download the series catalogue of the dataset BP6 in CSV format, i.e. full list of series and associated metadata: Excel 2013 (zipped) or the earlier Excel versions.

LEGAL AND INSTITUTIONAL ENVIRONMENT
	Legal acts and other agreements	National b.o.p. and i.i.p. statistics are collected in the context of Guideline ECB/2011/23 of 9 December 2011 (as amended)

SCOPE
	Data presentation - Summary description	The dataset contains the balance of payments (b.o.p.) and the international investment position (i.i.p.) of the euro area compiled by the ECB, as well as European union aggregates compiled by Eurostat and individual EU country data. The b.o.p. is a statistical statement that summarises, for a specific period of time, the economic transactions of an economy with the rest of the world. The different accounts within the b.o.p. are distinguished according to the nature of the economic resources (e.g. goods, services, income or financial resources) provided and received. The i.i.p. is a statistical statement that shows, at a specific point in time, the value and composition of financial assets of residents of an economy that are claims on non-residents and gold bullion held as reserve assets and liabilities of residents of an economy to non-residents; The current account and capital account main components are broken down by counterpart countries. Financial transactions and positions are presented by type of investment, resident and counterpart sector, type of instrument and country of residency of the counterpart
	Data presentation - Detailed description	Detailed documentation on b.o.p/i.i.p. can be found on the ECB website

METHODOLOGICAL INFORMATION
	Time period	Monthly and quarterly b.o.p and quarterly i.i.p.
	Statistical concepts and definitions	For information about the naming convention (series key dimensions and metadata), refer to the BP6 underlying DSD (BOP) maintained by the IMF.

STATISTICAL PROCESSING
	Adjustment	Non-adjusted as well as seasonally and working day adjusted
	Data validation	Data sent to and disseminated by the ECB have to respect a set of validation rules: (i) time consistency (monthly data summed up should be equal to data reported on a quarterly basis); (ii) geographical breakdown: i.e. intra and extra euro area transactions should sum up to transactions vis-à-vis rest of the world; (iii) reference sector: total economy should be consistent with the sum of the subsectors (S121, S12T, S13, S1P); iv) counterpart sector: follows the same intuition as the reference sector type; v) stock/flow reconciliation: stocks, transactions and other flows are interlinked: stock in period t is equal to stock in period t-1 plus transactions in period t plus other flows in period t; vi) accounting item: i.e. balance should be equal to credit minus debit etc.; vii) international accounts item: i.e. current account is equal to the sum of its components (goods, services, primary and secondary income); viii) functional category: total (financial account) is equal to direct, portfolio, other investment, financial derivatives and reserve assets. ix) maturity classification: i.e. long term and short term add up to all original maturities; and x) currency classification: i.e. for debt securities the currency breakdown of debt securities adds up to the total;
	Data revision - policy	Revisions to national data and euro area aggregates follow a pre-defined practice. Quarterly data are more extensively revised when data for the second and fourth quarters are first published; monthly data are kept consistent with quarterly data, hence revised in line with the availability/review of quarterly data.

QUALITY
	Quality management - quality assurance	Memorandum of Understanding between Eurostat and the European Central Bank/Directorate General Statistics on the quality assurance of statistics underlying the Macroeconomic Imbalances Procedure
	Quality documentation	2019 Quality Report (May 2020)
	Timeliness	The monthly data are published around 7 weeks after the end of the reference month, whereas the quarterly data are published 3 months after the reference quarter (see the ECB publication calendar)

DISSEMINATION
	Release policy - release calendar	ECB Statistical release calendar:https://www.ecb.europa.eu/press/calendars/statscal/html/index.en.html
	Dissemination format - other formats	Monthly Bulletin, ECB website, Press Releases
	Documentation on methodology	BPM6 Manual,BPM6 compilation Guide,European Union Balance of Payments and International Investment Position statistical sources and methods

MISCELLANEOUS
	Metadata last update	08/SEP/2020 12:25:18

MNA - National accounts, Main aggregates (Eurostat ESA2010 TP, table 1)



ADMINISTRATIVE INFORMATION
	Title	MNA - National accounts, GDP and Main aggregates (Eurostat ESA2010 TP, table 1)
	Data source	Eurostat
	Contact email address	Statistical Information Request form
	Contact organisation	European Central Bank

TECHNICAL INFORMATION
	Dataset last update in SDW	2021-10-06 11:18:27
	FAME database shortcut	$ESA2010
	Catalog	Download the series catalogue of the dataset MNA in CSV format, i.e. full list of series and associated metadata: Excel 2013 (zipped) or the earlier Excel versions.
	Dataset content change	New price reference year (2015=100) for the volume series in the MNA dataset as of 04/10/2019. Note that the attribute REF_YEAR_PRICE has changed from "2010" to "2015". There is no change in the series keys (MNA.?.LR.?), however the level of the volume series will change due to the new reference year. This change follows the benchmark revision in national accounts in 2019 coordinated by Eurostat in line with the Harmonised European Revision Policy (HERP).

LEGAL AND INSTITUTIONAL ENVIRONMENT
	Legal acts and other agreements	Regulation (EU) No 549/2013 of the European Parliament and of the Council of 21 May 2013 on the European system of national and regional accounts in the European Union (link)

SCOPE
	Data presentation - Summary description	The Main aggregates in the national accounts (MNA dataset) include gross domestic product (GDP), value added by main economic activity, main expenditure components and aggregated income statistics. These data are collected and disseminated by the European Commission (Eurostat) and the national statistical authorities. The MNA dataset also includes additional indicators calculated by the ECB such as implicit GDP deflators, contributions to growth, unit labour costs and its components (compensation per employee and labour productivity), as well as business investment. Data for the euro area / EU and the European countries are available.
	Data presentation - Detailed description	Gross domestic product (GDP) and its components - value added by economic activity, expenditure and income statistics - are part of the ESA 2010 annual and quarterly national accounts produced by the European Commission (Eurostat) and national statistical authorities. Euro area results are estimated using information for the individual countries. GDP is the value of an economy’s total output of goods and services less intermediate consumption, plus net taxes on products and imports. GDP can be also broken down by expenditure or income components. The main expenditure aggregates that make up GDP are household final consumption, government final consumption, gross fixed capital formation, changes in inventories, and imports and exports of goods and services (including intra-euro area trade) while the income components include gross operating surplus and mixed income, compensation of employees, taxes on production and imports, and subsidies. The GDP deflators and unit labour costs and its components (compensation per employee and labour productivity) are calculated by the ECB based on the ESA 2010 national accounts data. The GDP deflators are the ratios of the series in current prices and volume series, where the current price series for the countries are adjusted for national exchange rate movements before joining the euro area. Unit labour costs are a measure of total labour costs per unit of output calculated as the ratio of compensation per employee to labour productivity (defined as GDP per person employed). Labour productivity reflects the output that can be produced with a given input of labour. It can be measured in several ways, but is commonly measured as GDP divided by either total employment (by people in employment, i.e. including both employees and self-employed) or total hours worked. The headline ECB measure calculates labour productivity as GDP divided by persons in employment. Compensation per employee is the total remuneration, in cash or in kind, that is payable by employers to employees in return for work, i.e. gross wages and salaries, as well as bonuses, overtime payments and employers’ social security contributions, divided by the total number of employees. For more information refer to ESA2010 manual and ESA2010 Transmission Program (Table 1).

METHODOLOGICAL INFORMATION
	Time period	Quarterly and Annual
	Statistical concepts and definitions	For information about the naming convention (series key dimensions and metadata), refer to the MNA underlying DSD (NA_MAIN) maintained by the ESTAT.

DISSEMINATION
	Release policy - release calendar	See Eurostat
	Documentation on methodology	See Eurostat website and Eurostat metadata.

MISCELLANEOUS
	Metadata last update	07/MAY/2021 20:54:40

RA6 - International Reserves of the Eurosystem (BPM6)



ADMINISTRATIVE INFORMATION
	Title	RA6 - International Reserves of the Eurosystem (BPM6)
	Data source	National Central Banks
	Contact email address	Statistical Information Request form
	Contact organisation	European Central Bank
	Contact organisation unit	DGS/ESSA/ETS

TECHNICAL INFORMATION
	Dataset last update in SDW	2021-10-01 12:30:00
	Catalog	Download the series catalogue of the dataset RA6 in CSV format, i.e. full list of series and associated metadata: Excel 2013 (zipped) or the earlier Excel versions.

SCOPE
	Data presentation - Summary description	The dataset contains the official reserve assets of the euro area, as well as individual EU country data. National reserve assets statistics are collected in the context of Guideline ECB/2011/23 of 9 December 2011 (as amended) and both, national data and euro area aggregates, follow the principles and classifications of the 6th edition of the IMF Balance of Payments and International Investment Position Manual (BPM6).
	Data presentation - Detailed description	Detailed documentation on the international reserve assets of the Eurosystem can be found on the ECB website Template on international reserves and foreign currency liquidity Data Template

METHODOLOGICAL INFORMATION
	Time period	Monthly
	Statistical concepts and definitions	For information about the naming convention (series key dimensions and metadata), refer to the RA6 underlying DSD (BOP) maintained by the IMF.

STATISTICAL PROCESSING
	Adjustment	none

QUALITY
	Quality documentation	2017 Quality Report (June 2018)
	Timeliness	The data are published on the website on the 15th day of each month with reference to the previous month (see the ECB publications calendar).
	Timeliness - source data	10th calendar day with reference to the previous month

DISSEMINATION
	Dissemination format - other formats	Statistics Bulletin, ECB website

MISCELLANEOUS
	Metadata last update	17/JAN/2020 11:00:35

Series Level