Eurostat

The Balance of Payments (BoP) systematically summarizes all economic transactions between the residents and the non-residents of a country or of a economic area during a given period. The Balance of payments provides harmonized information on international transactions which are part of the current account (goods, services, income, current transfers), but also on transactions which fall in the capital and the financial account. BoP is an important macro-economic indicator used to assess the position of an economy (of credit or debit) towards the external world. Data on International Trade in Services (ITS), a component of BoP current account, are used, alongside with data on Foreign Direct Investment (a component of BoP financial account), to monitor the external commercial performance of different economies. Balance of Payments data are used for calculation of indicators needed for monitoring of macroenomic imbalances such as share of main BoP and International Investment Position (IIP) items in GDP and export market shares calculated as the EU Member States' shares in total world exports. Out of BoP data, some indicators of EU market integration are also derived. Data are in millions of Euro/ECU and in millions of national currency. Several statistical adjustments are applied to the original data provided by the Member States. These are described in the International Trade in Services EU 1992-2001 - Compilation guide. The International Monetary Fund Balance of Payments Manual (BPM5) classification is used for the compilation of the BoP. The BoP data are collected through national surveys and administrative sources.

The Balance of Payments (BoP) systematically summarizes all economic transactions between the residents and the non-residents of a country or of a economic area during a given period. The Balance of payments provides harmonized information on international transactions which are part of the current account (goods, services, income, current transfers), but also on transactions which fall in the capital and the financial account. BoP is an important macro-economic indicator used to assess the position of an economy (of credit or debit) towards the external world. Data on International Trade in Services (ITS), a component of BoP current account, are used, alongside with data on Foreign Direct Investment (a component of BoP financial account), to monitor the external commercial performance of different economies. Balance of Payments data are used for calculation of indicators needed for monitoring of macroenomic imbalances such as share of main BoP and International Investment Position (IIP) items in GDP and export market shares calculated as the EU Member States' shares in total world exports. Out of BoP data, some indicators of EU market integration are also derived. Data are in millions of Euro/ECU and in millions of national currency. Several statistical adjustments are applied to the original data provided by the Member States. These are described in the International Trade in Services EU 1992-2001 - Compilation guide. The International Monetary Fund Balance of Payments Manual (BPM5) classification is used for the compilation of the BoP. The BoP data are collected through national surveys and administrative sources.

The Balance of Payments (BOP) systematically summarizes all economic transactions between the residents and the non-residents of a country or of an economic area during a given period. The Balance of payments provides harmonized information on international transactions which are part of the current account (goods, services, primary and secondary income), as well as on transactions which fall in the capital and the financial account. International investment position presents value of financial assets owned outside the economy and indebtedness of the economy to the rest of the world. BOP is an important macro-economic indicator used to assess the position of an economy (of credit or debit for current and capital acount, net acquisition of financial assets or net incurrence of liabilities for BOP financial account and international investment position) towards the external world. Out of BOP data, some indicators on international position of the EU and Member States are derived. Indicators on Main Balance of Payments and International Investment Position items as share of GDP are presented as percentage of GDP for given year or quarter and moving average for 3 consecutive years for: Balance, credit and debit flows of current and capital accounts and of main current account  items: goods, services, primary and secondary income,Net flows, net acquisition of financial assets and net incurrence of liabilities for total financial account and foreign direct investment,International investment position and net external debt at the end of reference quarter or year. Indicators on export market shares present shares of each EU Member State in total world exports of goods and services for given year, and 1-year and 5-year percentage changes of these shares, as well as shares in OECD exports and 5-year percentage changes of these shares.

The Balance of Payments (BOP) systematically summarizes all economic transactions between the residents and the non-residents of a country or of an economic area during a given period. The Balance of payments provides harmonized information on international transactions which are part of the current account (goods, services, primary and secondary income), as well as on transactions which fall in the capital and the financial account. International investment position presents value of financial assets owned outside the economy and indebtedness of the economy to the rest of the world. BOP is an important macro-economic indicator used to assess the position of an economy (of credit or debit for current and capital acount, net acquisition of financial assets or net incurrence of liabilities for BOP financial account and international investment position) towards the external world. Out of BOP data, some indicators on international position of the EU and Member States are derived. Indicators on Main Balance of Payments and International Investment Position items as share of GDP are presented as percentage of GDP for given year or quarter and moving average for 3 consecutive years for:Balance, credit and debit flows of current and capital accounts and of main current account  items: goods, services, primary and secondary income,Net flows, net acquisition of financial assets and net incurrence of liabilities for total financial account and foreign direct investment,International investment position and net external debt at the end of reference quarter or year. Indicators on export market shares present shares of each EU Member State in total world exports of goods and services for given year, and 1-year and 5-year percentage changes of these shares, as well as shares in OECD exports and 5-year percentage changes of these shares.

The Balance of Payments (BoP) systematically summarizes all economic transactions between the residents and the non-residents of a country or of a economic area during a given period. The Balance of payments provides harmonized information on international transactions which are part of the current account (goods, services, income, current transfers), but also on transactions which fall in the capital and the financial account. BoP is an important macro-economic indicator used to assess the position of an economy (of credit or debit) towards the external world. Data on International Trade in Services (ITS), a component of BoP current account, are used, alongside with data on Foreign Direct Investment (a component of BoP financial account), to monitor the external commercial performance of different economies. Balance of Payments data are used for calculation of indicators needed for monitoring of macroenomic imbalances such as share of main BoP and International Investment Position (IIP) items in GDP and export market shares calculated as the EU Member States' shares in total world exports. Out of BoP data, some indicators of EU market integration are also derived. Data are in millions of Euro/ECU and in millions of national currency. Several statistical adjustments are applied to the original data provided by the Member States. These are described in the International Trade in Services EU 1992-2001 - Compilation guide. The International Monetary Fund Balance of Payments Manual (BPM5) classification is used for the compilation of the BoP. The BoP data are collected through national surveys and administrative sources.

The Balance of Payments (BOP) systematically summarizes all economic transactions between the residents and the non-residents of a country or of an economic area during a given period. The Balance of payments provides harmonized information on international transactions which are part of the current account (goods, services, primary and secondary income), as well as on transactions which fall in the capital and the financial account. International investment position presents value of financial assets owned outside the economy and indebtedness of the economy to the rest of the world. BOP is an important macro-economic indicator used to assess the position of an economy (of credit or debit for current and capital acount, net acquisition of financial assets or net incurrence of liabilities for BOP financial account and international investment position) towards the external world. Out of BOP data, some indicators on international position of the EU and Member States are derived. Indicators on Main Balance of Payments and International Investment Position items as share of GDP are presented as percentage of GDP for given year or quarter and moving average for 3 consecutive years for: balance, credit and debit flows of current and capital accounts and of main current account  items: goods, services, primary and secondary income,net flows, net acquisition of financial assets and net incurrence of liabilities for total financial account and foreign direct investment, international investment position and net external debt at the end of reference quarter or year. Indicators on export market shares present shares of each EU Member State in total world exports of goods and services for given year, and 1-year and 5-year percentage changes of these shares, as well as shares in OECD exports and 5-year percentage changes of these shares.

Eurostat Dataset Id:bop_euins_a Balance of Payments data for the European Institutions (BoP EUI) are a complete data-set of Balance of Payments data where the European Institutions are the reporter and the partners are all the Member States and all the other countries in the world. In more concrete terms, BoP of the EU Institutions (EUI) provides information on money received (credits) and money spent (debits) by the EU Institutions. In the compilation of BoP EUI, Eurostat follows the methodology defined in the fifth IMF Balance of Payments Manual (BPM5) and the prescriptions provided by the European System of Accounts (ESA95).  The balance of payments (BoP) is a statistical statement that systematically summarizes, over a given period of time, all the transactions of an economy (the EU institutions) with the rest of the world (each of the EU Member States and each of the countries with whom the EU institutions have economic transactions). The balance of payments provides information on the total value of credits (flow 2, exports/money received) and debits (flow 3, imports/money spent) for each BoP item and on the net result or "balance" (flow 4, credits minus debits) of the transactions with each partner. Credits and debits are expressed in Euro. The BoP EUI is complemented by the statistics related to the International Investment Position (IIP) of the EUI that provides information on the stocks (flow 8) of assets and liabilities at the end of each year. The position (or stocks) at the end of each specific period reflects financial transactions (flow 2, 3 and 4), valuation changes and other adjustments (flows 5, 6 and 7) that occurred during the period and affected the level of assets or liabilities. The Balance of Payments accounts are constructed on a double-entry accounting system. When the EU Institutions buy a service (e.g. rent a building) from a Member State, they will pay via a credit transfer from a bank account. BoP EUI will record this transaction twice, once as a service import/Debit in the Current Account, once as a decrease (Flow 2/credits) in Assets, Currency and Deposits, Financial Account.

The Balance of Payments (BOP) systematically summarizes all economic transactions between the residents and the non-residents of a country or of an economic area during a given period. The Balance of payments provides harmonized information on international transactions which are part of the current account (goods, services, primary and secondary income), as well as on transactions which fall in the capital and the financial account. International investment position presents value of financial assets owned outside the economy and indebtedness of the economy to the rest of the world. BOP is an important macro-economic indicator used to assess the position of an economy (of credit or debit for current and capital acount, net acquisition of financial assets or net incurrence of liabilities for BOP financial account and international investment position) towards the external world. Out of BOP data, some indicators on international position of the EU and Member States are derived. Indicators on Main Balance of Payments and International Investment Position items as share of GDP are presented as percentage of GDP for given year or quarter and moving average for 3 consecutive years for:balance, credit and debit flows of current and capital accounts and of main current account  items: goods, services, primary and secondary income,net flows, net acquisition of financial assets and net incurrence of liabilities for total financial account and foreign direct investment, international investment position and net external debt at the end of reference quarter or year. Indicators on export market shares present shares of each EU Member State in total world exports of goods and services for given year, and 1-year and 5-year percentage changes of these shares, as well as shares in OECD exports and 5-year percentage changes of these shares.

Eurostat Dataset Id:bop_euins_m Balance of Payments data for the European Institutions (BoP EUI) are a complete data-set of Balance of Payments data where the European Institutions are the reporter and the partners are all the Member States and all the other countries in the world. In more concrete terms, BoP of the EU Institutions (EUI) provides information on money received (credits) and money spent (debits) by the EU Institutions. In the compilation of BoP EUI, Eurostat follows the methodology defined in the fifth IMF Balance of Payments Manual (BPM5) and the prescriptions provided by the European System of Accounts (ESA95).  The balance of payments (BoP) is a statistical statement that systematically summarizes, over a given period of time, all the transactions of an economy (the EU institutions) with the rest of the world (each of the EU Member States and each of the countries with whom the EU institutions have economic transactions). The balance of payments provides information on the total value of credits (flow 2, exports/money received) and debits (flow 3, imports/money spent) for each BoP item and on the net result or "balance" (flow 4, credits minus debits) of the transactions with each partner. Credits and debits are expressed in Euro. The BoP EUI is complemented by the statistics related to the International Investment Position (IIP) of the EUI that provides information on the stocks (flow 8) of assets and liabilities at the end of each year. The position (or stocks) at the end of each specific period reflects financial transactions (flow 2, 3 and 4), valuation changes and other adjustments (flows 5, 6 and 7) that occurred during the period and affected the level of assets or liabilities. The Balance of Payments accounts are constructed on a double-entry accounting system. When the EU Institutions buy a service (e.g. rent a building) from a Member State, they will pay via a credit transfer from a bank account. BoP EUI will record this transaction twice, once as a service import/Debit in the Current Account, once as a decrease (Flow 2/credits) in Assets, Currency and Deposits, Financial Account.  

The Balance of Payments (BOP) systematically summarizes all economic transactions between the residents and the non-residents of a country or of an economic area during a given period. The Balance of payments provides harmonized information on international transactions which are part of the current account (goods, services, primary and secondary income), as well as on transactions which fall in the capital and the financial account. International investment position presents value of financial assets owned outside the economy and indebtedness of the economy to the rest of the world. BOP is an important macro-economic indicator used to assess the position of an economy (of credit or debit for current and capital acount, net acquisition of financial assets or net incurrence of liabilities for BOP financial account and international investment position) towards the external world. Out of BOP data, some indicators on international position of the EU and Member States are derived. Indicators on Main Balance of Payments and International Investment Position items as share of GDP are presented as percentage of GDP for given year or quarter and moving average for 3 consecutive years for:balance, credit and debit flows of current and capital accounts and of main current account  items: goods, services, primary and secondary income,net flows, net acquisition of financial assets and net incurrence of liabilities for total financial account and foreign direct investment, international investment position and net external debt at the end of reference quarter or year. Indicators on export market shares present shares of each EU Member State in total world exports of goods and services for given year, and 1-year and 5-year percentage changes of these shares, as well as shares in OECD exports and 5-year percentage changes of these shares.

Eurostat Dataset Id:bop_euins_q Balance of Payments data for the European Institutions (BoP EUI) are a complete data-set of Balance of Payments data where the European Institutions are the reporter and the partners are all the Member States and all the other countries in the world. In more concrete terms, BoP of the EU Institutions (EUI) provides information on money received (credits) and money spent (debits) by the EU Institutions. In the compilation of BoP EUI, Eurostat follows the methodology defined in the fifth IMF Balance of Payments Manual (BPM5) and the prescriptions provided by the European System of Accounts (ESA95).  The balance of payments (BoP) is a statistical statement that systematically summarizes, over a given period of time, all the transactions of an economy (the EU institutions) with the rest of the world (each of the EU Member States and each of the countries with whom the EU institutions have economic transactions). The balance of payments provides information on the total value of credits (flow 2, exports/money received) and debits (flow 3, imports/money spent) for each BoP item and on the net result or "balance" (flow 4, credits minus debits) of the transactions with each partner. Credits and debits are expressed in Euro. The BoP EUI is complemented by the statistics related to the International Investment Position (IIP) of the EUI that provides information on the stocks (flow 8) of assets and liabilities at the end of each year. The position (or stocks) at the end of each specific period reflects financial transactions (flow 2, 3 and 4), valuation changes and other adjustments (flows 5, 6 and 7) that occurred during the period and affected the level of assets or liabilities. The Balance of Payments accounts are constructed on a double-entry accounting system. When the EU Institutions buy a service (e.g. rent a building) from a Member State, they will pay via a credit transfer from a bank account. BoP EUI will record this transaction twice, once as a service import/Debit in the Current Account, once as a decrease (Flow 2/credits) in Assets, Currency and Deposits, Financial Account.

The Balance of Payments is the statistical statement that systematically summarises transactions between residents and non-residents. It consists of the goods and services account, the primary income account, the secondary income account, the capital account and the financial account (BPM6 – 2.12) The capital account in the international accounts shows a) capital transfers receivable and payable between residents and nonresidents and b) the acquisition and disposal of nonproduced, nonfinancial assets between residents and nonresidents (BPM6- 13.1). The capital transfers are transfers in which the ownership of an asset (other than cash or inventories) changes from one party to another. The sum of the balances on the current and capital accounts represents the net lending (surplus) or net borrowing (deficit) by the economy with the rest of the world (BPM6 – 2.18). Source of euro area data: European Central Bank (ECB).

The Balance of Payments is the statistical statement that systematically summarises transactions between residents and non-residents. It consists of the goods and services account, the primary income account, the secondary income account, the capital account and the financial account (BPM6 – 2.12) The capital account in the international accounts shows a) capital transfers receivable and payable between residents and nonresidents and b) the acquisition and disposal of nonproduced, nonfinancial assets between residents and nonresidents (BPM6- 13.1). The capital transfers are transfers in which the ownership of an asset (other than cash or inventories) changes from one party to another. The sum of the balances on the current and capital accounts represents the net lending (surplus) or net borrowing (deficit) by the economy with the rest of the world (BPM6 – 2.18).

The Balance of Payments is the statistical statement that systematically summarises transactions between residents and non-residents. It consists of the goods and services account, the primary income account, the secondary income account, the capital account and the financial account (BPM6 – 2.12) The current account is an important grouping of accounts within the Balance of Payments. The current account balance shows the difference between the sum of exports and income receivable and the sum of imports and income payable (exports and imports refer to both goods and services, while income refers to both primary and secondary income). The value of current account balance equals the saving-investment gap for the economy. The balance of current account is thus related to understanding domestic transactions (BPM6 – 2.15). Data are expressed in million euros. Data are presented in raw form. Source of euro area data: European Central Bank (ECB).

The Balance of Payments is the statistical statement that systematically summarises transactions between residents and non-residents. It consists of the goods and services account, the primary income account, the secondary income account, the capital account and the financial account (BPM6 – 2.12) The current account is an important grouping of accounts within the Balance of Payments. The current account balance shows the difference between the sum of exports and income receivable and the sum of imports and income payable (exports and imports refer to both goods and services, while income refers to both primary and secondary income). The value of current account balance equals the saving-investment gap for the economy. The balance of current account is thus related to understanding domestic transactions (BPM6 – 2.15). Data are expressed in million euros. Data are presented in raw form. Source of euro area data: European Central Bank (ECB).

The Balance of Payments is the statistical statement that systematically summarises transactions between residents and non-residents. It consists of the goods and services account, the primary income account, the secondary income account, the capital account and the financial account (BPM6 – 2.12) The current account is an important grouping of accounts within the Balance of Payments. The current account balance shows the difference between the sum of exports and income receivable and the sum of imports and income payable (exports and imports refer to both goods and services, while income refers to both primary and secondary income). The value of current account balance equals the saving-investment gap for the economy. The balance of current account is thus related to understanding domestic transactions (BPM6 – 2.15). Data are expressed in million euros. Data are presented in raw form. Source of euro area data: European Central Bank (ECB).

The Balance of Payments is the statistical statement that systematically summarises transactions between residents and non-residents. It consists of the goods and services account, the primary income account, the secondary income account, the capital account and the financial account (BPM6 – 2.12) The capital account in the international accounts shows a) capital transfers receivable and payable between residents and nonresidents and b) the acquisition and disposal of nonproduced, nonfinancial assets between residents and nonresidents (BPM6- 13.1). The capital transfers are transfers in which the ownership of an asset (other than cash or inventories) changes from one party to another. The sum of the balances on the current and capital accounts represents the net lending (surplus) or net borrowing (deficit) by the economy with the rest of the world (BPM6 – 2.18). Source of euro area data: European Central Bank (ECB).

The Balance of Payments is the statistical statement that systematically summarises transactions between residents and non-residents. It consists of the goods and services account, the primary income account, the secondary income account, the capital account and the financial account (BPM6 – 2.12) The capital account in the international accounts shows a) capital transfers receivable and payable between residents and nonresidents and b) the acquisition and disposal of nonproduced, nonfinancial assets between residents and nonresidents (BPM6- 13.1). The capital transfers are transfers in which the ownership of an asset (other than cash or inventories) changes from one party to another. The sum of the balances on the current and capital accounts represents the net lending (surplus) or net borrowing (deficit) by the economy with the rest of the world (BPM6 – 2.18). Source: European Central Bank.

The Balance of Payments is the statistical statement that systematically summarises transactions between residents and non-residents. It consists of the goods and services account, the primary income account, the secondary income account, the capital account and the financial account (BPM6 – 2.12) The financial account shows net acquisition and disposal of financial assets and liabilities The financial account indicates the functional categories, sectors, instruments, and maturities used for net international financing transactions. (BPM6 – 8.1). Five functional categories of investment are distinguished in the international accounts: a) direct investment, b) portfolio investment, c) financial derivatives and employee stock options, d) other investment and e) reserve assets. (BPM6 – 6.1). Source of euro area data: European Central Bank (ECB).

The Balance of Payments is the statistical statement that systematically summarises transactions between residents and non-residents. It consists of the goods and services account, the primary income account, the secondary income account, the capital account and the financial account (BPM6 – 2.12) The financial account shows net acquisition and disposal of financial assets and liabilities The financial account indicates the functional categories, sectors, instruments, and maturities used for net international financing transactions. (BPM6 – 8.1). Five functional categories of investment are distinguished in the international accounts: a) direct investment, b) portfolio investment, c) financial derivatives and employee stock options, d) other investment and e) reserve assets. (BPM6 – 6.1). Source of euro area data: European Central Bank (ECB).

Note: Not seasonally adjusted data in Millions of euro (from 1.1.1999)/ECU (up to 31.12.1998)

The Balance of Payments (BoP) systematically summarizes all economic transactions between the residents and the non-residents of a country or of a economic area during a given period. The Balance of payments provides harmonized information on international transactions which are part of the current account (goods, services, income, current transfers), but also on transactions which fall in the capital and the financial account. BoP is an important macro-economic indicator used to assess the position of an economy (of credit or debit) towards the external world. Data on International Trade in Services (ITS), a component of BoP current account, are used, alongside with data on Foreign Direct Investment (a component of BoP financial account), to monitor the external commercial performance of different economies. Balance of Payments data are used for calculation of indicators needed for monitoring of macroenomic imbalances such as share of main BoP and International Investment Position (IIP) items in GDP and export market shares calculated as the EU Member States' shares in total world exports. Out of BoP data, some indicators of EU market integration are also derived. Data are in millions of Euro/ECU and in millions of national currency. Several statistical adjustments are applied to the original data provided by the Member States. These are described in the International Trade in Services EU 1992-2001 - Compilation guide. The International Monetary Fund Balance of Payments Manual (BPM5) classification is used for the compilation of the BoP. The BoP data are collected through national surveys and administrative sources.

The International trade balance indicator is the difference between exports and imports of goods. Exports of goods record flows from an EA/EU Member State to a non-EA/EU country while imports record inwards flows. Exports are expressed in value terms and measured free on board (FOB), while imports are expressed in value terms and measured "cost, insurance, freight" (CIF ). "Goods" means all movable property including electric current. Data are expressed in million euros. Data are presented in the calendar and seasonally adjusted form.

The Capital account covers all transactions that involve the receipt or payment of the capital account. It covers the Acquisitions/disposals of non-produced non-financial assets and capital transfers. The capital account together with the current and the financial accounts forms the Balance of Payments (BoP). It is either expressed as % of GDP or million of national currency. The financial flows are marked as a credit, a debit or a balance. The indicator is based on the Balance of Payments (BoP) data reported to Eurostat by the EU Member States. Definitions are based on the IMF's Sixth Balance of Payments Manual (BPM6).

The Capital account covers all transactions that involve the receipt or payment of the capital account. It covers the Acquisitions/disposals of non-produced non-financial assets and capital transfers. The data are either expressed as % of GDP or million of national currency. The financial flows are marked as a credit, a debit or a balance. The capital account together with the current and the financial accounts forms the Balance of Payments (BoP). The indicator is based on the Balance of Payments (BoP) data reported to Eurostat by the EU Member States. Starting from October 2014 definitions are based on the IMF's Sixth Balance of Payments Manual (BPM6).

The Balance of Payments (BoP) systematically summarizes all economic transactions between the residents and the non-residents of a country or of a geographical region during a given period. The Balance of payments provides harmonized information on international transactions which are part of the current account (goods, services, income, current transfers), but also on transactions which fall in the capital and the financial account. BoP is an important macro-economic indicator used to assess the position of an economy (of credit or debit) towards the external world. Data on International Trade in Services, a component of BoP current account, and data on Foreign Direct Investment, a component of BoP financial account, are used to monitor the external commercial performance of different economies. Outward Foreign Affiliates Statistics (FATS) measure the commercial presence, as defined by the General Agreement on Trade in Services (GATS), through affiliates in foreign markets. Balance of Payments data are used for calculation of indicators needed for monitoring of macroenomic imbalances such as share of main BoP and International Investment Position (IIP) items in GDP and export market shares calculated as the EU Member States' shares in total world exports.  Out of BoP data, some indicators of EU market integration are also derived. Data are in millions of Euro/ECU or in millions of national currency. Balance of Payments data coverage varies according to the collection. Some collections refer only to Euro area or EU countries, while some others' coverage includes also EU partner countries.   Several statistical adjustments are applied to the original data provided by the Member States. These are described in the International Trade in Services EU 1992-2001 - Compilation guide 2003. The International Monetary Fund Balance of Payments Manual (BPM5) classification is used for the compilation of the BoP. The BoP data are collected through national surveys and administrative sources.    More information on BoP is available for each specific collection: Quarterly BoP, ITS, FDI, Outward FATS, BoP of EU Institutions.

The Balance of Payments (BoP) systematically summarizes all economic transactions between the residents and the non-residents of a country or of a geographical region during a given period. The Balance of payments provides harmonized information on international transactions which are part of the current account (goods, services, income, current transfers), but also on transactions which fall in the capital and the financial account. BoP is an important macro-economic indicator used to assess the position of an economy (of credit or debit) towards the external world. Data on International Trade in Services, a component of BoP current account, and data on Foreign Direct Investment, a component of BoP financial account, are used to monitor the external commercial performance of different economies. Outward Foreign Affiliates Statistics (FATS) measure the commercial presence, as defined by the General Agreement on Trade in Services (GATS), through affiliates in foreign markets. Balance of Payments data are used for calculation of indicators needed for monitoring of macroenomic imbalances such as share of main BoP and International Investment Position (IIP) items in GDP and export market shares calculated as the EU Member States' shares in total world exports.  Out of BoP data, some indicators of EU market integration are also derived. Data are in millions of Euro/ECU or in millions of national currency. Balance of Payments data coverage varies according to the collection. Some collections refer only to Euro area or EU countries, while some others' coverage includes also EU partner countries.   Several statistical adjustments are applied to the original data provided by the Member States. These are described in the International Trade in Services EU 1992-2001 - Compilation guide 2003. The International Monetary Fund Balance of Payments Manual (BPM5) classification is used for the compilation of the BoP. The BoP data are collected through national surveys and administrative sources.    More information on BoP is available for each specific collection: Quarterly BoP, ITS, FDI, Outward FATS, BoP of EU Institutions.

The Current account provides information about the transactions of a country with the rest of the world. It covers all transactions (other than those in financial items) in goods, services, primary income and secondary income which occur between resident and non-resident units. It is either expressed as % of GDP or million of national currency. The financial flows are marked as a credit, a debit or a balance. The current account together with the capital and the financial accounts forms the Balance of Payments (BoP). The MIP scoreboard indicator is the three-year backward moving average of the current account balance expressed in percent of GDP and calculated as: [[(CAt/GDPt)+(CAt-1/GDPt-1)+(CAt-2/GDPt-2)]/3]*100 The indicative thresholds for the indicator are of +6% and -4%. The indicator is based on the BoP data reported to Eurostat by the EU Member States. Starting from October 2014 definitions are based on the Sixth Edition of the IMF's Balance of Payments and International Investment Position Manual (BPM6).

The Current account provides information about the transactions of a country with the rest of the world. It covers all transactions (other than those in financial items) in goods, services, primary income and secondary income which occur between resident and non-resident units. It is either expressed as % of GDP or million of national currency. The financial flows are marked as a credit, a debit or a balance. The current account together with the capital and the financial accounts forms the Balance of Payments (BoP). The indicator is based on the BoP data reported to Eurostat by the EU Member States. Starting from October 2014 definitions are based on the IMF's Sixth Balance of Payments Manual (BPM6)

The Current account provides information about the transactions of a country with the rest of the world. It covers all transactions (other than those in financial items) in goods, services, primary income, and secondary income which occur between resident and non-resident units. It is either expressed as % of GDP or million units of national currency. The financial flows are marked as a credit, a debit or a net balance. The current account together with the capital and the financial accounts forms the Balance of Payments (BoP). The indicator is based on the BoP data reported to Eurostat by the EU Member States. Starting from October 2014 definitions are based on the IMF's Sixth Balance of Payments Manual (BPM6).

The balance of payments is a record of a country's international transactions with the rest of the world. It is composed of the current account and the capital and financial account. The current account is itself subdivided into goods, services, income and current transfers; it registers the value of exports (credits) and imports (debits). The difference between these two values is the "balance".

The balance of payments is a record of a country's international transactions with the rest of the world. The balance of payments is composed of two broad sub-balances: the current account and the capital and financial account. The current account is itself subdivided into four basic components: goods, services, income and current transfers. For each of these items, the current account registers the value of exports (credits) and imports (debits). The difference between these two values is the "balance".

The balance of payments is a record of a country's international transactions with the rest of the world. The balance of payments is composed by two broad sub-balances: the current account and the capital and financial account. The current account is itself subdivided into four basic components: goods, services, income and current transfers. For each of these items, the current account registers the value of exports (credits) and imports (debits). The difference between these two values is the balance.

The balance of payments is a record of a country's international transactions with the rest of the world. It is composed of the current account and the capital and financial account. The current account is itself subdivided into goods, services, income and current transfers; it registers the value of exports (credits) and imports (debits). The difference between these two values is the "balance".

The balance of payments is a record of a country's international transactions with the rest of the world. It is composed of the current account and the capital and financial account. The current account is itself subdivided into goods, services, income and current transfers; it registers the value of exports (credits) and imports (debits). The difference between these two values is the "balance".

The Balance of Payments (BoP) systematically summarizes all economic transactions between the residents and the non-residents of a country or of a economic area during a given period. The Balance of payments provides harmonized information on international transactions which are part of the current account (goods, services, income, current transfers), but also on transactions which fall in the capital and the financial account. BoP is an important macro-economic indicator used to assess the position of an economy (of credit or debit) towards the external world. Data on International Trade in Services (ITS), a component of BoP current account, are used, alongside with data on Foreign Direct Investment (a component of BoP financial account), to monitor the external commercial performance of different economies. Balance of Payments data are used for calculation of indicators needed for monitoring of macroenomic imbalances such as share of main BoP and International Investment Position (IIP) items in GDP and export market shares calculated as the EU Member States' shares in total world exports. Out of BoP data, some indicators of EU market integration are also derived. Data are in millions of Euro/ECU and in millions of national currency. Several statistical adjustments are applied to the original data provided by the Member States. These are described in the International Trade in Services EU 1992-2001 - Compilation guide. The International Monetary Fund Balance of Payments Manual (BPM5) classification is used for the compilation of the BoP. The BoP data are collected through national surveys and administrative sources.

The Current account provides information about the transactions of a country with the rest of the world. It covers all transactions (other than those in financial items) in goods, services, primary income, and secondary income which occur between resident and non-resident units. The data are expressed as % of GDP. The financial flows are marked as a credit, a debit or a net balance. The current account together with the capital and the financial accounts forms the Balance of Payments (BoP). The indicator is based on the BoP data reported to Eurostat by the EU Member States. Definitions are based on the IMF's Sixth Balance of Payments Manual (BPM6).

The Current account provides information about the transactions of a country with the rest of the world. It covers all transactions (other than those in financial items) in goods, services, primary income, and secondary income which occur between resident and non-resident units. The data are expressed in million units of national currency. The financial flows are marked as a credit, a debit or a net balance. The current account together with the capital and the financial accounts forms the Balance of Payments (BoP). The indicator is based on the BoP data reported to Eurostat by the EU Member States. Definitions are based on the IMF's Sixth Balance of Payments Manual (BPM6).

The Current account provides information about the transactions of a country with the rest of the world. It covers all transactions (other than those in financial items) in goods, services, primary income, and secondary income which occur between resident and non-resident units. The data are expressed as % of GDP. The financial flows are marked as a credit, a debit or a balance. The current account together with the capital and the financial accounts forms the Balance of Payments (BoP). The indicator is based on the BoP data reported to Eurostat by the EU Member States. Starting from October 2014 definitions are based on the IMF's Sixth Balance of Payments Manual (BPM6).

The Current account provides information about the transactions of a country with the rest of the world. It covers all transactions (other than those in financial items) in goods, services, primary income, and secondary income which occur between resident and non-resident units. The data are expressed in Million units of national currency. The financial flows are marked as a credit, a debit or a balance. The current account together with the capital and the financial accounts forms the Balance of Payments (BoP). The indicator is based on the BoP data reported to Eurostat by the EU Member States. Starting from October 2014 definitions are based on the IMF's Sixth Balance of Payments Manual (BPM6).

The Current account provides information about the transactions of a country with the rest of the world. It covers all transactions (other than those in financial items) in goods, services, primary income, and secondary income which occur between resident and non-resident units. The data are expressed as % of GDP. The financial flows are marked as a credit, a debit or a net balance. The current account together with the capital and the financial accounts forms the Balance of Payments (BoP). The indicator is based on the BoP data reported to Eurostat by the EU Member States. Definitions are based on the IMF's Sixth Balance of Payments Manual (BPM6).

The Current account provides information about the transactions of a country with the rest of the world. It covers all transactions (other than those in financial items) in goods, services, primary income, and secondary income which occur between resident and non-resident units. The data are expressed in million units of national currency. The financial flows are marked as a credit, a debit or a net balance. The current account together with the capital and the financial accounts forms the Balance of Payments (BoP). The indicator is based on the BoP data reported to Eurostat by the EU Member States. Definitions are based on the IMF's Sixth Balance of Payments Manual (BPM6).

The Current account provides information about the transactions of a country with the rest of the world. It covers all transactions (other than those in financial items) in goods, services, primary income, and secondary income which occur between resident and non-resident units. The data are expressed as % of GDP. The financial flows are marked as a credit, a debit or a balance. The current account together with the capital and the financial accounts forms the Balance of Payments (BoP). The indicator is based on the BoP data reported to Eurostat by the EU Member States. Starting from October 2014 definitions are based on the IMF's Sixth Balance of Payments Manual (BPM6).

The Current account provides information about the transactions of a country with the rest of the world. It covers all transactions (other than those in financial items) in goods, services, primary income, and secondary income which occur between resident and non-resident units. The data are expressed in Million units of national currency. The financial flows are marked as a credit, a debit or a balance. The current account together with the capital and the financial accounts forms the Balance of Payments (BoP). The indicator is based on the BoP data reported to Eurostat by the EU Member States. Starting from October 2014 definitions are based on the IMF's Sixth Balance of Payments Manual (BPM6).

The Current account provides information about the transactions of a country with the rest of the world. It covers all transactions (other than those in financial items) in goods, services, primary income, and secondary income which occur between resident and non-resident units. The data are expressed as % of GDP. The financial flows are marked as a credit, a debit or a net balance. The current account together with the capital and the financial accounts forms the Balance of Payments (BoP). The indicator is based on the BoP data reported to Eurostat by the EU Member States. Definitions are based on the IMF's Sixth Balance of Payments Manual (BPM6).

The Current account provides information about the transactions of a country with the rest of the world. It covers all transactions (other than those in financial items) in goods, services, primary income, and secondary income which occur between resident and non-resident units. The data are expressed in million units of national currency. The financial flows are marked as a credit, a debit or a net balance. The current account together with the capital and the financial accounts forms the Balance of Payments (BoP). The indicator is based on the BoP data reported to Eurostat by the EU Member States. Definitions are based on the IMF's Sixth Balance of Payments Manual (BPM6).

The Current account provides information about the transactions of a country with the rest of the world. It covers all transactions (other than those in financial items) in goods, services, primary income, and secondary income which occur between resident and non-resident units. The data are expressed as % of GDP. The financial flows are marked as a credit, a debit or a balance. The current account together with the capital and the financial accounts forms the Balance of Payments (BoP). The indicator is based on the BoP data reported to Eurostat by the EU Member States. Starting from October 2014 definitions are based on the IMF's Sixth Balance of Payments Manual (BPM6).

The Current account provides information about the transactions of a country with the rest of the world. It covers all transactions (other than those in financial items) in goods, services, primary income, and secondary income which occur between resident and non-resident units. The data are expressed in Million units of national currency. The financial flows are marked as a credit, a debit or a balance. The current account together with the capital and the financial accounts forms the Balance of Payments (BoP). The indicator is based on the BoP data reported to Eurostat by the EU Member States. Starting from October 2014 definitions are based on the IMF's Sixth Balance of Payments Manual (BPM6).

The Balance of Payments (BoP) systematically summarizes all economic transactions between the residents and the non-residents of a country or of a economic area during a given period. The Balance of payments provides harmonized information on international transactions which are part of the current account (goods, services, income, current transfers), but also on transactions which fall in the capital and the financial account. BoP is an important macro-economic indicator used to assess the position of an economy (of credit or debit) towards the external world. Data on International Trade in Services (ITS), a component of BoP current account, are used, alongside with data on Foreign Direct Investment (a component of BoP financial account), to monitor the external commercial performance of different economies. Balance of Payments data are used for calculation of indicators needed for monitoring of macroenomic imbalances such as share of main BoP and International Investment Position (IIP) items in GDP and export market shares calculated as the EU Member States' shares in total world exports. Out of BoP data, some indicators of EU market integration are also derived. Data are in millions of Euro/ECU and in millions of national currency. Several statistical adjustments are applied to the original data provided by the Member States. These are described in the International Trade in Services EU 1992-2001 - Compilation guide. The International Monetary Fund Balance of Payments Manual (BPM5) classification is used for the compilation of the BoP. The BoP data are collected through national surveys and administrative sources.

The Balance of Payments (BoP) systematically summarizes all economic transactions between the residents and the non-residents of a country or of a economic area during a given period. The Balance of payments provides harmonized information on international transactions which are part of the current account (goods, services, income, current transfers), but also on transactions which fall in the capital and the financial account. BoP is an important macro-economic indicator used to assess the position of an economy (of credit or debit) towards the external world. Data on International Trade in Services (ITS), a component of BoP current account, are used, alongside with data on Foreign Direct Investment (a component of BoP financial account), to monitor the external commercial performance of different economies. Balance of Payments data are used for calculation of indicators needed for monitoring of macroenomic imbalances such as share of main BoP and International Investment Position (IIP) items in GDP and export market shares calculated as the EU Member States' shares in total world exports. Out of BoP data, some indicators of EU market integration are also derived. Data are in millions of Euro/ECU and in millions of national currency. Several statistical adjustments are applied to the original data provided by the Member States. These are described in the International Trade in Services EU 1992-2001 - Compilation guide. The International Monetary Fund Balance of Payments Manual (BPM5) classification is used for the compilation of the BoP. The BoP data are collected through national surveys and administrative sources.

The Balance of Payments (BoP) systematically summarizes all economic transactions between the residents and the non-residents of a country or of a economic area during a given period. The Balance of payments provides harmonized information on international transactions which are part of the current account (goods, services, income, current transfers), but also on transactions which fall in the capital and the financial account. BoP is an important macro-economic indicator used to assess the position of an economy (of credit or debit) towards the external world. Data on International Trade in Services (ITS), a component of BoP current account, are used, alongside with data on Foreign Direct Investment (a component of BoP financial account), to monitor the external commercial performance of different economies. Balance of Payments data are used for calculation of indicators needed for monitoring of macroenomic imbalances such as share of main BoP and International Investment Position (IIP) items in GDP and export market shares calculated as the EU Member States' shares in total world exports. Out of BoP data, some indicators of EU market integration are also derived. Data are in millions of Euro/ECU and in millions of national currency. Several statistical adjustments are applied to the original data provided by the Member States. These are described in the International Trade in Services EU 1992-2001 - Compilation guide. The International Monetary Fund Balance of Payments Manual (BPM5) classification is used for the compilation of the BoP. The BoP data are collected through national surveys and administrative sources.

The Balance of Payments (BoP) systematically summarizes all economic transactions between the residents and the non-residents of a country or of a economic area during a given period. The Balance of payments provides harmonized information on international transactions which are part of the current account (goods, services, income, current transfers), but also on transactions which fall in the capital and the financial account. BoP is an important macro-economic indicator used to assess the position of an economy (of credit or debit) towards the external world. Data on International Trade in Services (ITS), a component of BoP current account, are used, alongside with data on Foreign Direct Investment (a component of BoP financial account), to monitor the external commercial performance of different economies. Balance of Payments data are used for calculation of indicators needed for monitoring of macroenomic imbalances such as share of main BoP and International Investment Position (IIP) items in GDP and export market shares calculated as the EU Member States' shares in total world exports. Out of BoP data, some indicators of EU market integration are also derived. Data are in millions of Euro/ECU and in millions of national currency. Several statistical adjustments are applied to the original data provided by the Member States. These are described in the International Trade in Services EU 1992-2001 - Compilation guide. The International Monetary Fund Balance of Payments Manual (BPM5) classification is used for the compilation of the BoP. The BoP data are collected through national surveys and administrative sources.

 Foreign Direct Investment (FDI) encompasses all kind of cross-border investment made by an entity resident in one economy (direct investor) to acquire a lasting interest in an enterprise operating in another economy (direct investment enterprise). FDI is one of the five main functional categories of investment used in international accounts to classify either the Internal Investment Positions (IIP) or the Balance of Payment (BOP) statements of a given economy (vis-à-vis the rest of the world). Foreign Direct Investment positions show at a point in time (generally, end of a reference year) the value of financial direct investment assets of residents of an economy on non-residents, and financial direct investment liabilities of residents of an economy to non-resident. The net FDI position is the difference between assets and liabilities, which is also equivalent (under the directional principle presentation) to the difference between FDI positions abroad and in the reporting economy. The net FDI position represents either a net FDI claim or a net FDI liability to the rest of the world.        Foreign direct investment transactions summarize all economic direct investment interactions between the residents and the non-residents during a given period. Two types of FDI transactions can be identified (within the BOP framework) according to the economic meaning they convey: FDI income is a distributive transaction showing amounts payable and receivable between resident and non-resident entities in return for providing financial direct investment assets to the rest of the world, or incurring direct investment liabilities vis-à-vis the rest of the world.FDI flows refer to financial transactions showing the net acquisition or disposal of financial assets and liabilities involved in direct investment relationships.FDI positions, FDI income and FDI flows are disseminated by Eurostat together with estimated EU FDI aggregates (directly produced by Eurostat).  Other FDI changes that are not transaction changes, such as volume, value or prices changes, are not treated by Eurostat under the scope of annual FDI statistics. Annual FDI data are disseminated by Eurostat according to the directional principle (see sub section 3.4 below). The geographical allocation is made according to the economic residence of the immediate direct investor or immediate direct investment company (immediate counterparts). FDI data classified according to ultimate investor or host economy are not yet available at Eurostat (see 12.1).  International Guides recommend the classification of FDI data both according to the activity of the direct investor and the activity of the direct investment enterprise. In practice, it is very difficult for national compilers to have both classifications. In that case, the recommended classification by activity is that of the direct investment enterprise. On the outward side, national compilers are not always able to classify their FDI data according to the activity of the direct investment enterprise. In that case, the classification used as a proxy is the activity of the direct investor.  Alongside with International Trade in Services Statistics (ITSS) and Foreign Affiliates Trade Statistics (FATS), FDI data are relevant to monitor the overall effectiveness and competitiveness of different economies in the globalised world.

Eurostat uses as a base for its work the OECD Benchmark Definition of Foreign Direct Investment Third Edition, a detailed operational definition fully consistent with the IMF Balance of Payments Manual, Fifth Edition, BPM5. Foreign direct investment (FDI) is the category of international investment made by an entity resident in one economy (direct investor) to acquire a lasting interest in an enterprise operating in another economy (direct investment enterprise). The lasting interest is deemed to exist if the direct investor acquires at least 10% of the voting power of the direct investment enterprise. FDI statistics record separately: 1) Inward FDI (or FDI in the reporting economy), namely investment by foreigners in enterprises resident in the reporting economy. 2) Outward FDI (or FDIabroad), namely investment by residents entities in affiliated enterprises abroad. FDI statistics record both the initial investment and all subsequent investment made by the direct investor, either in the form of equity capital, or in the form of loans, or in the form of reinvesting earnings. Investment made through other affiliated enterprises of the same group of the direct investor should also be recorded according to the international methodology. There are three main indicators: FDI flows, stocks and income. The indicators described in more detail below are presented in the complete tables with a breakdown by partner country or region and a breakdown by the kind of activity in which FDI is made. In the table called "Main indicators" there is a reduced breakdown by partners and data for total activity only. See the part on classification system for more detail. See also the User's guideon the structure on the database and for practical information on data downloading. 1) FDI flows denote the new investment made during the period. FDI flows are recorded in the Balance of Payments financial account. Total FDI flows are broken down by kind of instrument used for making the investment: Equity capital comprises equity in branches, all shares in subsidiaries and associates (except non-participating, preferred shares that are treated as debt securities and are included under other FDI capital) and other contributions such as the provision of machinery. Reinvested earnings consist of the direct investor's share (in proportion to equity participation) of earnings not distributed by the direct investment enterprise. Reinvested earnings are an imputed transaction. Reinvested earnings are also recorded with opposite sign among FDI income (see below). This recording represents not distributed income as being earned by the direct investor and reinvested in the direct investment enterprise at the same time. Other FDI capital (loans) covers the borrowing and lending of funds, including debt securities and trade credits between direct investors and direct investment enterprises. Debt transactions between affiliated financial intermediaries recorded under direct investment flows are limited to permanent debt. 2) FDI stocks (or positions) denote the value of the investment at the end of the period. FDI stocks are recorded in the International Investment Position. Outward FDI stocks are recorded as assets of the reporting economy, inward FDI stocks as liabilities. Similarly with flows, FDI stocks are broken down by kind of instrument. However, there are only two categories instead of three: Equity capital and reinvested earnings is the value of the own capital of the enterprise, including the value of own reserves that are accumulated from past reinvested earnings. Reserves corresponding to reinvested earnings are not shown separately from other equity capital as in the case of flows. Other FDI capital is the stock of debts (assets or liabilities) between the direct investors and the direct investment enterprise. 3) FDI income is the income accruing to direct investors during the period. FDI income is recorded in the current account of the Balance of Payments. Total FDI income is broken down by kind of income. The categories of FDI income available are linked to the breakdown of FDI flows and stocks by kind of instrument, namely: Dividends Dividends payable in the period and branch profits remitted to the direct investor, gross of any withholding taxes. Dividends include payments due on common and preferred shares. Reinvested earnings See definition under FDI flows. Interest on loans Interest accrued in the period on loans (other FDI capital) with affiliated enterprises, gross of any withholding tax. 4) FDI intensity Out of FDI annual data, an indicator useful to measure EU market integration is also calculated and disseminated in the domain Structural Indicators: FDI intensity as % of GDP: Average of inward and outward FDI flows divided by GDP. A higher index indicates higher new FDI during the period in relation to the size of the economy as measured by GDP. If this index increases over time, then the country/zone is becoming more integrated with the international economy.

 Foreign Direct Investment (FDI) encompasses all kind of cross-border investment made by an entity resident in one economy (direct investor) to acquire a lasting interest in an enterprise operating in another economy (direct investment enterprise). FDI is one of the five main functional categories of investment used in international accounts to classify either the Internal Investment Positions (IIP) or the Balance of Payment (BOP) statements of a given economy (vis-à-vis the rest of the world). Foreign Direct Investment positions show at a point in time (generally, end of a reference year) the value of financial direct investment assets of residents of an economy on non-residents, and financial direct investment liabilities of residents of an economy to non-resident. The net FDI position is the difference between assets and liabilities, which is also equivalent (under the directional principle presentation) to the difference between FDI positions abroad and in the reporting economy. The net FDI position represents either a net FDI claim or a net FDI liability to the rest of the world.        Foreign direct investment transactions summarize all economic direct investment interactions between the residents and the non-residents during a given period. Two types of FDI transactions can be identified (within the BOP framework) according to the economic meaning they convey: FDI income is a distributive transaction showing amounts payable and receivable between resident and non-resident entities in return for providing financial direct investment assets to the rest of the world, or incurring direct investment liabilities vis-à-vis the rest of the world.FDI flows refer to financial transactions showing the net acquisition or disposal of financial assets and liabilities involved in direct investment relationships.FDI positions, FDI income and FDI flows are disseminated by Eurostat together with estimated EU FDI aggregates (directly produced by Eurostat).  Other FDI changes that are not transaction changes, such as volume, value or prices changes, are not treated by Eurostat under the scope of annual FDI statistics. Annual FDI data are disseminated by Eurostat according to the directional principle (see sub section 3.4 below). The geographical allocation is made according to the economic residence of the immediate direct investor or immediate direct investment company (immediate counterparts). FDI data classified according to ultimate investor or host economy are not yet available at Eurostat (see 12.1).  International Guides recommend the classification of FDI data both according to the activity of the direct investor and the activity of the direct investment enterprise. In practice, it is very difficult for national compilers to have both classifications. In that case, the recommended classification by activity is that of the direct investment enterprise. On the outward side, national compilers are not always able to classify their FDI data according to the activity of the direct investment enterprise. In that case, the classification used as a proxy is the activity of the direct investor.  Alongside with International Trade in Services Statistics (ITSS) and Foreign Affiliates Trade Statistics (FATS), FDI data are relevant to monitor the overall effectiveness and competitiveness of different economies in the globalised world.

 Foreign Direct Investment (FDI) encompasses all kind of cross-border investment made by an entity resident in one economy (direct investor) to acquire a lasting interest in an enterprise operating in another economy (direct investment enterprise). FDI is one of the five main functional categories of investment used in international accounts to classify either the Internal Investment Positions (IIP) or the Balance of Payment (BOP) statements of a given economy (vis-à-vis the rest of the world). Foreign Direct Investment positions show at a point in time (generally, end of a reference year) the value of financial direct investment assets of residents of an economy on non-residents, and financial direct investment liabilities of residents of an economy to non-resident. The net FDI position is the difference between assets and liabilities, which is also equivalent (under the directional principle presentation) to the difference between FDI positions abroad and in the reporting economy. The net FDI position represents either a net FDI claim or a net FDI liability to the rest of the world.        Foreign direct investment transactions summarize all economic direct investment interactions between the residents and the non-residents during a given period. Two types of FDI transactions can be identified (within the BOP framework) according to the economic meaning they convey: FDI income is a distributive transaction showing amounts payable and receivable between resident and non-resident entities in return for providing financial direct investment assets to the rest of the world, or incurring direct investment liabilities vis-à-vis the rest of the world.FDI flows refer to financial transactions showing the net acquisition or disposal of financial assets and liabilities involved in direct investment relationships.FDI positions, FDI income and FDI flows are disseminated by Eurostat together with estimated EU FDI aggregates (directly produced by Eurostat).  Other FDI changes that are not transaction changes, such as volume, value or prices changes, are not treated by Eurostat under the scope of annual FDI statistics. Annual FDI data are disseminated by Eurostat according to the directional principle (see sub section 3.4 below). The geographical allocation is made according to the economic residence of the immediate direct investor or immediate direct investment company (immediate counterparts). FDI data classified according to ultimate investor or host economy are not yet available at Eurostat (see 12.1).  International Guides recommend the classification of FDI data both according to the activity of the direct investor and the activity of the direct investment enterprise. In practice, it is very difficult for national compilers to have both classifications. In that case, the recommended classification by activity is that of the direct investment enterprise. On the outward side, national compilers are not always able to classify their FDI data according to the activity of the direct investment enterprise. In that case, the classification used as a proxy is the activity of the direct investor.  Alongside with International Trade in Services Statistics (ITSS) and Foreign Affiliates Trade Statistics (FATS), FDI data are relevant to monitor the overall effectiveness and competitiveness of different economies in the globalised world.

The Balance of Payments (BoP) systematically summarizes all economic transactions between the residents and the non-residents of a country or of a economic area during a given period. The Balance of payments provides harmonized information on international transactions which are part of the current account (goods, services, income, current transfers), but also on transactions which fall in the capital and the financial account. BoP is an important macro-economic indicator used to assess the position of an economy (of credit or debit) towards the external world. Data on International Trade in Services (ITS), a component of BoP current account, are used, alongside with data on Foreign Direct Investment (a component of BoP financial account), to monitor the external commercial performance of different economies. Balance of Payments data are used for calculation of indicators needed for monitoring of macroenomic imbalances such as share of main BoP and International Investment Position (IIP) items in GDP and export market shares calculated as the EU Member States' shares in total world exports. Out of BoP data, some indicators of EU market integration are also derived. Data are in millions of Euro/ECU and in millions of national currency. Several statistical adjustments are applied to the original data provided by the Member States. These are described in the International Trade in Services EU 1992-2001 - Compilation guide. The International Monetary Fund Balance of Payments Manual (BPM5) classification is used for the compilation of the BoP. The BoP data are collected through national surveys and administrative sources.

The Balance of Payments (BoP) systematically summarizes all economic transactions between the residents and the non-residents of a country or of a economic area during a given period. The Balance of payments provides harmonized information on international transactions which are part of the current account (goods, services, income, current transfers), but also on transactions which fall in the capital and the financial account. BoP is an important macro-economic indicator used to assess the position of an economy (of credit or debit) towards the external world. Data on International Trade in Services (ITS), a component of BoP current account, are used, alongside with data on Foreign Direct Investment (a component of BoP financial account), to monitor the external commercial performance of different economies. Balance of Payments data are used for calculation of indicators needed for monitoring of macroenomic imbalances such as share of main BoP and International Investment Position (IIP) items in GDP and export market shares calculated as the EU Member States' shares in total world exports. Out of BoP data, some indicators of EU market integration are also derived. Data are in millions of Euro/ECU and in millions of national currency. Several statistical adjustments are applied to the original data provided by the Member States. These are described in the International Trade in Services EU 1992-2001 - Compilation guide. The International Monetary Fund Balance of Payments Manual (BPM5) classification is used for the compilation of the BoP. The BoP data are collected through national surveys and administrative sources.

The Balance of Payments (BoP) systematically summarizes all economic transactions between the residents and the non-residents of a country or of a economic area during a given period. The Balance of payments provides harmonized information on international transactions which are part of the current account (goods, services, income, current transfers), but also on transactions which fall in the capital and the financial account. BoP is an important macro-economic indicator used to assess the position of an economy (of credit or debit) towards the external world. Data on International Trade in Services (ITS), a component of BoP current account, are used, alongside with data on Foreign Direct Investment (a component of BoP financial account), to monitor the external commercial performance of different economies. Balance of Payments data are used for calculation of indicators needed for monitoring of macroenomic imbalances such as share of main BoP and International Investment Position (IIP) items in GDP and export market shares calculated as the EU Member States' shares in total world exports. Out of BoP data, some indicators of EU market integration are also derived. Data are in millions of Euro/ECU and in millions of national currency. Several statistical adjustments are applied to the original data provided by the Member States. These are described in the International Trade in Services EU 1992-2001 - Compilation guide. The International Monetary Fund Balance of Payments Manual (BPM5) classification is used for the compilation of the BoP. The BoP data are collected through national surveys and administrative sources.

The Balance of Payments (BoP) systematically summarizes all economic transactions between the residents and the non-residents of a country or of a economic area during a given period. The Balance of payments provides harmonized information on international transactions which are part of the current account (goods, services, income, current transfers), but also on transactions which fall in the capital and the financial account. BoP is an important macro-economic indicator used to assess the position of an economy (of credit or debit) towards the external world. Data on International Trade in Services (ITS), a component of BoP current account, are used, alongside with data on Foreign Direct Investment (a component of BoP financial account), to monitor the external commercial performance of different economies. Balance of Payments data are used for calculation of indicators needed for monitoring of macroenomic imbalances such as share of main BoP and International Investment Position (IIP) items in GDP and export market shares calculated as the EU Member States' shares in total world exports. Out of BoP data, some indicators of EU market integration are also derived. Data are in millions of Euro/ECU and in millions of national currency. Several statistical adjustments are applied to the original data provided by the Member States. These are described in the International Trade in Services EU 1992-2001 - Compilation guide. The International Monetary Fund Balance of Payments Manual (BPM5) classification is used for the compilation of the BoP. The BoP data are collected through national surveys and administrative sources.

The Balance of Payments (BoP) systematically summarizes all economic transactions between the residents and the non-residents of a country or of a economic area during a given period. The Balance of payments provides harmonized information on international transactions which are part of the current account (goods, services, income, current transfers), but also on transactions which fall in the capital and the financial account. BoP is an important macro-economic indicator used to assess the position of an economy (of credit or debit) towards the external world. Data on International Trade in Services (ITS), a component of BoP current account, are used, alongside with data on Foreign Direct Investment (a component of BoP financial account), to monitor the external commercial performance of different economies. Balance of Payments data are used for calculation of indicators needed for monitoring of macroenomic imbalances such as share of main BoP and International Investment Position (IIP) items in GDP and export market shares calculated as the EU Member States' shares in total world exports. Out of BoP data, some indicators of EU market integration are also derived. Data are in millions of Euro/ECU and in millions of national currency. Several statistical adjustments are applied to the original data provided by the Member States. These are described in the International Trade in Services EU 1992-2001 - Compilation guide. The International Monetary Fund Balance of Payments Manual (BPM5) classification is used for the compilation of the BoP. The BoP data are collected through national surveys and administrative sources.

The Balance of Payments (BoP) systematically summarizes all economic transactions between the residents and the non-residents of a country or of a economic area during a given period. The Balance of payments provides harmonized information on international transactions which are part of the current account (goods, services, income, current transfers), but also on transactions which fall in the capital and the financial account. BoP is an important macro-economic indicator used to assess the position of an economy (of credit or debit) towards the external world. Data on International Trade in Services (ITS), a component of BoP current account, are used, alongside with data on Foreign Direct Investment (a component of BoP financial account), to monitor the external commercial performance of different economies. Balance of Payments data are used for calculation of indicators needed for monitoring of macroenomic imbalances such as share of main BoP and International Investment Position (IIP) items in GDP and export market shares calculated as the EU Member States' shares in total world exports. Out of BoP data, some indicators of EU market integration are also derived. Data are in millions of Euro/ECU and in millions of national currency. Several statistical adjustments are applied to the original data provided by the Member States. These are described in the International Trade in Services EU 1992-2001 - Compilation guide. The International Monetary Fund Balance of Payments Manual (BPM5) classification is used for the compilation of the BoP. The BoP data are collected through national surveys and administrative sources.

The Balance of Payments (BoP) systematically summarizes all economic transactions between the residents and the non-residents of a country or of a economic area during a given period. The Balance of payments provides harmonized information on international transactions which are part of the current account (goods, services, income, current transfers), but also on transactions which fall in the capital and the financial account. BoP is an important macro-economic indicator used to assess the position of an economy (of credit or debit) towards the external world. Data on International Trade in Services (ITS), a component of BoP current account, are used, alongside with data on Foreign Direct Investment (a component of BoP financial account), to monitor the external commercial performance of different economies. Balance of Payments data are used for calculation of indicators needed for monitoring of macroenomic imbalances such as share of main BoP and International Investment Position (IIP) items in GDP and export market shares calculated as the EU Member States' shares in total world exports. Out of BoP data, some indicators of EU market integration are also derived. Data are in millions of Euro/ECU and in millions of national currency. Several statistical adjustments are applied to the original data provided by the Member States. These are described in the International Trade in Services EU 1992-2001 - Compilation guide. The International Monetary Fund Balance of Payments Manual (BPM5) classification is used for the compilation of the BoP. The BoP data are collected through national surveys and administrative sources.

The Balance of Payments (BoP) systematically summarizes all economic transactions between the residents and the non-residents of a country or of a economic area during a given period. The Balance of payments provides harmonized information on international transactions which are part of the current account (goods, services, income, current transfers), but also on transactions which fall in the capital and the financial account. BoP is an important macro-economic indicator used to assess the position of an economy (of credit or debit) towards the external world. Data on International Trade in Services (ITS), a component of BoP current account, are used, alongside with data on Foreign Direct Investment (a component of BoP financial account), to monitor the external commercial performance of different economies. Balance of Payments data are used for calculation of indicators needed for monitoring of macroenomic imbalances such as share of main BoP and International Investment Position (IIP) items in GDP and export market shares calculated as the EU Member States' shares in total world exports. Out of BoP data, some indicators of EU market integration are also derived. Data are in millions of Euro/ECU and in millions of national currency. Several statistical adjustments are applied to the original data provided by the Member States. These are described in the International Trade in Services EU 1992-2001 - Compilation guide. The International Monetary Fund Balance of Payments Manual (BPM5) classification is used for the compilation of the BoP. The BoP data are collected through national surveys and administrative sources.

The Balance of Payments (BoP) systematically summarizes all economic transactions between the residents and the non-residents of a country or of a economic area during a given period. The Balance of payments provides harmonized information on international transactions which are part of the current account (goods, services, income, current transfers), but also on transactions which fall in the capital and the financial account. BoP is an important macro-economic indicator used to assess the position of an economy (of credit or debit) towards the external world. Data on International Trade in Services (ITS), a component of BoP current account, are used, alongside with data on Foreign Direct Investment (a component of BoP financial account), to monitor the external commercial performance of different economies. Balance of Payments data are used for calculation of indicators needed for monitoring of macroenomic imbalances such as share of main BoP and International Investment Position (IIP) items in GDP and export market shares calculated as the EU Member States' shares in total world exports. Out of BoP data, some indicators of EU market integration are also derived. Data are in millions of Euro/ECU and in millions of national currency. Several statistical adjustments are applied to the original data provided by the Member States. These are described in the International Trade in Services EU 1992-2001 - Compilation guide. The International Monetary Fund Balance of Payments Manual (BPM5) classification is used for the compilation of the BoP. The BoP data are collected through national surveys and administrative sources.

The Balance of Payments (BoP) systematically summarizes all economic transactions between the residents and the non-residents of a country or of a economic area during a given period. The Balance of payments provides harmonized information on international transactions which are part of the current account (goods, services, income, current transfers), but also on transactions which fall in the capital and the financial account. BoP is an important macro-economic indicator used to assess the position of an economy (of credit or debit) towards the external world. Data on International Trade in Services (ITS), a component of BoP current account, are used, alongside with data on Foreign Direct Investment (a component of BoP financial account), to monitor the external commercial performance of different economies. Balance of Payments data are used for calculation of indicators needed for monitoring of macroenomic imbalances such as share of main BoP and International Investment Position (IIP) items in GDP and export market shares calculated as the EU Member States' shares in total world exports. Out of BoP data, some indicators of EU market integration are also derived. Data are in millions of Euro/ECU and in millions of national currency. Several statistical adjustments are applied to the original data provided by the Member States. These are described in the International Trade in Services EU 1992-2001 - Compilation guide. The International Monetary Fund Balance of Payments Manual (BPM5) classification is used for the compilation of the BoP. The BoP data are collected through national surveys and administrative sources.

The Balance of Payments (BoP) systematically summarizes all economic transactions between the residents and the non-residents of a country or of a economic area during a given period. The Balance of payments provides harmonized information on international transactions which are part of the current account (goods, services, income, current transfers), but also on transactions which fall in the capital and the financial account. BoP is an important macro-economic indicator used to assess the position of an economy (of credit or debit) towards the external world. Data on International Trade in Services (ITS), a component of BoP current account, are used, alongside with data on Foreign Direct Investment (a component of BoP financial account), to monitor the external commercial performance of different economies. Balance of Payments data are used for calculation of indicators needed for monitoring of macroenomic imbalances such as share of main BoP and International Investment Position (IIP) items in GDP and export market shares calculated as the EU Member States' shares in total world exports. Out of BoP data, some indicators of EU market integration are also derived. Data are in millions of Euro/ECU and in millions of national currency. Several statistical adjustments are applied to the original data provided by the Member States. These are described in the International Trade in Services EU 1992-2001 - Compilation guide. The International Monetary Fund Balance of Payments Manual (BPM5) classification is used for the compilation of the BoP. The BoP data are collected through national surveys and administrative sources.

The Balance of Payments (BoP) systematically summarizes all economic transactions between the residents and the non-residents of a country or of a economic area during a given period. The Balance of payments provides harmonized information on international transactions which are part of the current account (goods, services, income, current transfers), but also on transactions which fall in the capital and the financial account. BoP is an important macro-economic indicator used to assess the position of an economy (of credit or debit) towards the external world. Data on International Trade in Services (ITS), a component of BoP current account, are used, alongside with data on Foreign Direct Investment (a component of BoP financial account), to monitor the external commercial performance of different economies. Balance of Payments data are used for calculation of indicators needed for monitoring of macroenomic imbalances such as share of main BoP and International Investment Position (IIP) items in GDP and export market shares calculated as the EU Member States' shares in total world exports. Out of BoP data, some indicators of EU market integration are also derived. Data are in millions of Euro/ECU and in millions of national currency. Several statistical adjustments are applied to the original data provided by the Member States. These are described in the International Trade in Services EU 1992-2001 - Compilation guide. The International Monetary Fund Balance of Payments Manual (BPM5) classification is used for the compilation of the BoP. The BoP data are collected through national surveys and administrative sources.

The Balance of Payments (BoP) systematically summarizes all economic transactions between the residents and the non-residents of a country or of a economic area during a given period. The Balance of payments provides harmonized information on international transactions which are part of the current account (goods, services, income, current transfers), but also on transactions which fall in the capital and the financial account. BoP is an important macro-economic indicator used to assess the position of an economy (of credit or debit) towards the external world. Data on International Trade in Services (ITS), a component of BoP current account, are used, alongside with data on Foreign Direct Investment (a component of BoP financial account), to monitor the external commercial performance of different economies. Balance of Payments data are used for calculation of indicators needed for monitoring of macroenomic imbalances such as share of main BoP and International Investment Position (IIP) items in GDP and export market shares calculated as the EU Member States' shares in total world exports. Out of BoP data, some indicators of EU market integration are also derived. Data are in millions of Euro/ECU and in millions of national currency. Several statistical adjustments are applied to the original data provided by the Member States. These are described in the International Trade in Services EU 1992-2001 - Compilation guide. The International Monetary Fund Balance of Payments Manual (BPM5) classification is used for the compilation of the BoP. The BoP data are collected through national surveys and administrative sources.

The Balance of Payments (BOP) systematically summarizes all economic transactions between the residents and the non-residents of a country or of an economic area during a given period. The Balance of payments provides harmonized information on international transactions which are part of the current account (goods, services, primary and secondary income), as well as on transactions which fall in the capital and the financial account. International investment position presents value of financial assets owned outside the economy and indebtedness of the economy to the rest of the world. BOP is an important macro-economic indicator used to assess the position of an economy (of credit or debit for current and capital acount, net acquisition of financial assets or net incurrence of liabilities for BOP financial account and international investment position) towards the external world. Out of BOP data, some indicators on international position of the EU and Member States are derived. Indicators on Main Balance of Payments and International Investment Position items as share of GDP are presented as percentage of GDP for given year or quarter and moving average for 3 consecutive years for: balance, credit and debit flows of current and capital accounts and of main current account  items: goods, services, primary and secondary income,net flows, net acquisition of financial assets and net incurrence of liabilities for total financial account and foreign direct investment, international investment position and net external debt at the end of reference quarter or year. Indicators on export market shares present shares of each EU Member State in total world exports of goods and services for given year, and 1-year and 5-year percentage changes of these shares, as well as shares in OECD exports and 5-year percentage changes of these shares.

The Balance of Payments (BoP) systematically summarizes all economic transactions between the residents and the non-residents of a country or of a economic area during a given period. The Balance of payments provides harmonized information on international transactions which are part of the current account (goods, services, income, current transfers), but also on transactions which fall in the capital and the financial account. BoP is an important macro-economic indicator used to assess the position of an economy (of credit or debit) towards the external world. Data on International Trade in Services (ITS), a component of BoP current account, are used, alongside with data on Foreign Direct Investment (a component of BoP financial account), to monitor the external commercial performance of different economies. Balance of Payments data are used for calculation of indicators needed for monitoring of macroenomic imbalances such as share of main BoP and International Investment Position (IIP) items in GDP and export market shares calculated as the EU Member States' shares in total world exports. Out of BoP data, some indicators of EU market integration are also derived. Data are in millions of Euro/ECU and in millions of national currency. Several statistical adjustments are applied to the original data provided by the Member States. These are described in the International Trade in Services EU 1992-2001 - Compilation guide. The International Monetary Fund Balance of Payments Manual (BPM5) classification is used for the compilation of the BoP. The BoP data are collected through national surveys and administrative sources.

The Balance of Payments (BoP) systematically summarizes all economic transactions between the residents and the non-residents of a country or of a geographical region during a given period. The Balance of payments provides harmonized information on international transactions which are part of the current account (goods, services, income, current transfers), but also on transactions which fall in the capital and the financial account. BoP is an important macro-economic indicator used to assess the position of an economy (of credit or debit) towards the external world. Data on International Trade in Services, a component of BoP current account, and data on Foreign Direct Investment, a component of BoP financial account, are used to monitor the external commercial performance of different economies. Outward Foreign Affiliates Statistics (FATS) measure the commercial presence, as defined by the General Agreement on Trade in Services (GATS), through affiliates in foreign markets. Balance of Payments data are used for calculation of indicators needed for monitoring of macroenomic imbalances such as share of main BoP and International Investment Position (IIP) items in GDP and export market shares calculated as the EU Member States' shares in total world exports.  Out of BoP data, some indicators of EU market integration are also derived. Data are in millions of Euro/ECU or in millions of national currency. Balance of Payments data coverage varies according to the collection. Some collections refer only to Euro area or EU countries, while some others' coverage includes also EU partner countries.   Several statistical adjustments are applied to the original data provided by the Member States. These are described in the International Trade in Services EU 1992-2001 - Compilation guide 2003. The International Monetary Fund Balance of Payments Manual (BPM5) classification is used for the compilation of the BoP. The BoP data are collected through national surveys and administrative sources.    More information on BoP is available for each specific collection: Quarterly BoP, ITS, FDI, Outward FATS, BoP of EU Institutions.

The export market share is calculated by dividing the exports of the country by the total exports of the region/world. The indicator measures the degree of importance of a country within the total exports of the region/world. For the calculation at current prices, the market share refers to the world trade (world export market share). Data on the values of exports of goods and services are compiled as part of the Balance of Payments of each country. To capture the structural losses in competitiveness that can accumulate over longer time periods, the indicator is calculated as 5 years % change - comparing year Y with year Y-5. A country might lose shares of export market not only if exports decline but most importantly if its exports do not grow at the same rate of world exports and its relative position at the global level deteriorates. The MIP scoreboard indicator is the percentage change of export market shares (of goods and services) over five years, with a lower indicative threshold of -6%. The formula is: [[(EXPc,t/EXPworld,t)-(EXPc,t-5/EXPworld,t-5)]/(EXPc,t-5/EXPworld,t-5)]*100 Source of total world data used as denominator: International Monetary Fund (IMF).

The Balance of Payments (BoP) systematically summarizes all economic transactions between the residents and the non-residents of a country or of a economic area during a given period. The Balance of payments provides harmonized information on international transactions which are part of the current account (goods, services, income, current transfers), but also on transactions which fall in the capital and the financial account. BoP is an important macro-economic indicator used to assess the position of an economy (of credit or debit) towards the external world. Data on International Trade in Services (ITS), a component of BoP current account, are used, alongside with data on Foreign Direct Investment (a component of BoP financial account), to monitor the external commercial performance of different economies. Balance of Payments data are used for calculation of indicators needed for monitoring of macroenomic imbalances such as share of main BoP and International Investment Position (IIP) items in GDP and export market shares calculated as the EU Member States' shares in total world exports. Out of BoP data, some indicators of EU market integration are also derived. Data are in millions of Euro/ECU and in millions of national currency. Several statistical adjustments are applied to the original data provided by the Member States. These are described in the International Trade in Services EU 1992-2001 - Compilation guide. The International Monetary Fund Balance of Payments Manual (BPM5) classification is used for the compilation of the BoP. The BoP data are collected through national surveys and administrative sources.

The Financial account records transactions that involve financial assets and liabilities that have taken place between residents and non-residents. The financial account shows transactions in net terms: net acquisitions of financial assets correspond to gross acquisitions of assets less gross sales of assets; net incurrence of liabilites corresponds to gross incurrence of liabilites less gross decrease in liabilites. According to the functional sub-division cross-border financial transactions and positions are classified as Direct investment, Portfolio investment, Financial derivatives (other than reserves) and employee stock options, Other investment, and Reserve assets. Cross-border financial transactions and positions are further classified by type of instrument and institutional sector. The financial account together with the current and capital accounts forms the Balance of Payments (BoP). The data are expressed as % of GDP and million of national currency. The indicator is based on the Balance of Payments (BoP) data reported to Eurostat by the EU Member States. Definitions are based on the IMF's Sixth Balance of Payments Manual (BPM6).

The Balance of Payments (BoP) systematically summarizes all economic transactions between the residents and the non-residents of a country or of a geographical region during a given period. The Balance of payments provides harmonized information on international transactions which are part of the current account (goods, services, income, current transfers), but also on transactions which fall in the capital and the financial account. BoP is an important macro-economic indicator used to assess the position of an economy (of credit or debit) towards the external world. Data on International Trade in Services, a component of BoP current account, and data on Foreign Direct Investment, a component of BoP financial account, are used to monitor the external commercial performance of different economies. Outward Foreign Affiliates Statistics (FATS) measure the commercial presence, as defined by the General Agreement on Trade in Services (GATS), through affiliates in foreign markets. Balance of Payments data are used for calculation of indicators needed for monitoring of macroenomic imbalances such as share of main BoP and International Investment Position (IIP) items in GDP and export market shares calculated as the EU Member States' shares in total world exports.  Out of BoP data, some indicators of EU market integration are also derived. Data are in millions of Euro/ECU or in millions of national currency. Balance of Payments data coverage varies according to the collection. Some collections refer only to Euro area or EU countries, while some others' coverage includes also EU partner countries.   Several statistical adjustments are applied to the original data provided by the Member States. These are described in the International Trade in Services EU 1992-2001 - Compilation guide 2003. The International Monetary Fund Balance of Payments Manual (BPM5) classification is used for the compilation of the BoP. The BoP data are collected through national surveys and administrative sources.    More information on BoP is available for each specific collection: Quarterly BoP, ITS, FDI, Outward FATS, BoP of EU Institutions.

The Financial account records transactions that involve financial assets and liabilities that have taken place between residents and non-residents. The financial account shows transactions in net terms: net acquisitions of financial assets correspond to gross acquisitions of assets less gross sales of assets; net incurrence of liabilites corresponds to gross incurrence of liabilites less gross decrease in liabilites. According to the functional sub-division cross-border financial transactions and positions are classified as Direct investment, Portfolio investment, Financial derivatives (other than reserves) and employee stock options, Other investment, and Reserve assets. Cross-border financial transactions and positions are further classified by type of instrument and institutional sector. The financial account together with the current and capital accounts forms the Balance of Payments (BoP). The data are expressed as % of GDP and million units of national currency. The indicator is based on the Balance of Payments (BoP) data reported to Eurostat by the EU Member States. Starting from October 2014 definitions are based on the IMF's Sixth Balance of Payments Manual (BPM6).

The Financial account records transactions that involve financial assets and liabilities that have taken place between residents and non-residents. The financial account shows transactions in net terms: net acquisitions of financial assets correspond to acquisitions of assets less reductions in assets. According to the functional sub-division cross-border financial transactions and positions are classified as Direct investment, Portfolio investment, Financial derivatives (other than reserves) and employee stock options, Other investment, and Reserve assets. Cross-border financial transactions and positions are further classified by type of instrument and institutional sector. The financial account together with the current and capital accounts forms the Balance of Payments (BoP). The data are expressed in million of national currency. The indicator is based on the Balance of Payments (BoP) data reported to Eurostat by the EU Member States. Definitions are based on the IMF's Sixth Balance of Payments Manual (BPM6).

The Financial account records transactions that involve financial assets and liabilities that have taken place between residents and non-residents. The financial account shows transactions in net terms: net acquisitions of financial assets correspond to gross acquisitions of assets less gross sales of assets; net incurrence of liabilites corresponds to gross incurrence of liabilites less gross decrease in liabilites. According to the functional sub-division cross-border financial transactions and positions are classified as Direct investment, Portfolio investment, Financial derivatives (other than reserves) and employee stock options, Other investment, and Reserve assets. Cross-border financial transactions and positions are further classified by type of instrument and institutional sector. The financial account together with the current and capital accounts forms the Balance of Payments (BoP). The data are expressed in million units of national currency. The indicator is based on the Balance of Payments (BoP) data reported to Eurostat by the EU Member States. Starting from October 2014 definitions are based on the IMF's Sixth Balance of Payments Manual (BPM6).

The Balance of Payments (BoP) systematically summarizes all economic transactions between the residents and the non-residents of a country or of an  economic area during a given period. BoP provides harmonized information on international transactions which are part of the current account (goods, services, income, current transfers), but also on transactions which fall under the capital and the financial account. BoP is an important macro-economic indicator used to assess the position of an economy (of credit or debit) towards the external world. Data on International Trade in Services (ITS), a component of BoP current account, are used, alongside with data on Foreign Direct Investment, to monitor the external commercial performance of different economies. Some indicators of EU market integration are also derived from BoP data. Data are reported in millions of Euro/ECU. Several statistical adjustments are applied to the original data provided by the Member States. Guidance for compilers is provided in the Manual on Statistics of International Trade in services 2002 (http://unstats.un.org/unsd/tradeserv/msitsintro.htm), that has been followed by IMTS 2010 (http://unstats.un.org/unsd/tradeserv/TFSITS/msits2010/docs/MSITS%202010%20M86%20(E)%20web.pdf)  ITS data are collected by national enterprise surveys, International Transaction System (ITRS) and administrative records.

The Balance of Payments (BOP) systematically summarizes all economic transactions between the residents and the non-residents of a country or of an economic area during a given period. The Balance of payments provides harmonized information on international transactions which are part of the current account (goods, services, primary and secondary income), as well as on transactions which fall in the capital and the financial account. International investment position presents value of financial assets owned outside the economy and indebtedness of the economy to the rest of the world. BOP is an important macro-economic indicator used to assess the position of an economy (of credit or debit for current and capital acount, net acquisition of financial assets or net incurrence of liabilities for BOP financial account and international investment position) towards the external world. Out of BOP data, some indicators on international position of the EU and Member States are derived. Indicators on Main Balance of Payments and International Investment Position items as share of GDP are presented as percentage of GDP for given year or quarter and moving average for 3 consecutive years for: Balance, credit and debit flows of current and capital accounts and of main current account  items: goods, services, primary and secondary income,Net flows, net acquisition of financial assets and net incurrence of liabilities for total financial account and foreign direct investment,International investment position and net external debt at the end of reference quarter or year. Indicators on export market shares present shares of each EU Member State in total world exports of goods and services for given year, and 1-year and 5-year percentage changes of these shares, as well as shares in OECD exports and 5-year percentage changes of these shares.

The Balance of Payments (BoP) systematically summarizes all economic transactions between the residents and the non-residents of a country or of a geographical region during a given period. The Balance of payments provides harmonized information on international transactions which are part of the current account (goods, services, income, current transfers), but also on transactions which fall in the capital and the financial account. BoP is an important macro-economic indicator used to assess the position of an economy (of credit or debit) towards the external world. Data on International Trade in Services, a component of BoP current account, and data on Foreign Direct Investment, a component of BoP financial account, are used to monitor the external commercial performance of different economies. Outward Foreign Affiliates Statistics (FATS) measure the commercial presence, as defined by the General Agreement on Trade in Services (GATS), through affiliates in foreign markets. Balance of Payments data are used for calculation of indicators needed for monitoring of macroenomic imbalances such as share of main BoP and International Investment Position (IIP) items in GDP and export market shares calculated as the EU Member States' shares in total world exports.  Out of BoP data, some indicators of EU market integration are also derived. Data are in millions of Euro/ECU or in millions of national currency. Balance of Payments data coverage varies according to the collection. Some collections refer only to Euro area or EU countries, while some others' coverage includes also EU partner countries.   Several statistical adjustments are applied to the original data provided by the Member States. The International Monetary Fund Balance of Payments Manual (BPM5) classification is used for the compilation of the BoP. The BoP data are collected through national surveys and administrative sources.    More information on BoP is available for each specific collection: Quarterly BoP, ITS, FDI, Outward FATS, BoP of EU Institutions.

The Balance of Payments (BoP) systematically summarizes all economic transactions between the residents and the non-residents of a country or of a geographical region during a given period. The Balance of payments provides harmonized information on international transactions which are part of the current account (goods, services, income, current transfers), but also on transactions which fall in the capital and the financial account. BoP is an important macro-economic indicator used to assess the position of an economy (of credit or debit) towards the external world. Data on International Trade in Services, a component of BoP current account, and data on Foreign Direct Investment, a component of BoP financial account, are used to monitor the external commercial performance of different economies. Outward Foreign Affiliates Statistics (FATS) measure the commercial presence, as defined by the General Agreement on Trade in Services (GATS), through affiliates in foreign markets. Balance of Payments data are used for calculation of indicators needed for monitoring of macroenomic imbalances such as share of main BoP and International Investment Position (IIP) items in GDP and export market shares calculated as the EU Member States' shares in total world exports.  Out of BoP data, some indicators of EU market integration are also derived. Data are in millions of Euro/ECU or in millions of national currency. Balance of Payments data coverage varies according to the collection. Some collections refer only to Euro area or EU countries, while some others' coverage includes also EU partner countries.   Several statistical adjustments are applied to the original data provided by the Member States. The International Monetary Fund Balance of Payments Manual (BPM5) classification is used for the compilation of the BoP. The BoP data are collected through national surveys and administrative sources.    More information on BoP is available for each specific collection: Quarterly BoP, ITS, FDI, Outward FATS, BoP of EU Institutions.

The external debt (or the foreign debt), at any given time, is the outstanding amount of the actual current (and not contingent) liabilities that require payment(s) of principal and/or interest by the debtor at some point(s) in the future and that are owed to non-residents by residents of an economy. The external debt is the portion of a country's debt that was borrowed from creditors outside the country, including commercial banks, other governments or international financial institutions (such as the International Monetary Fund (IMF) and the World Bank). The assets/liabilities include debt securities, such as bonds, notes and money market instruments, as well as loans, deposits, currency, trade credits and advances due to non-residents. The loans must usually be paid in the currency in which they was made. In order to earn the needed currency, the borowing country may sell and export goods to the lender's country. The data are expressed in % of GDP.

The external debt (or the foreign debt), at any given time, is the outstanding amount of the actual current (and not contingent) liabilities that require payment(s) of principal and/or interest by the debtor at some point(s) in the future and that are owed to non-residents by residents of an economy. The external debt is the portion of a country's debt that was borrowed from creditors outside the country, including commercial banks, other governments or international financial institutions (such as the International Monetary Fund (IMF) and the World Bank.). The assets/liabilities include debt securities, such as bonds, notes and money market instruments, as well as loans, deposits, currency, trade credits and advances due to non-residents. The loans must usually be paid in the currency in which they was made. In order to earn the needed currency, the borowing country may sell and export goods to the lender's country. The data are expressed in % of GDP.

The international investment position (IIP) is a statistical statement that shows at a 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 difference between an economy’s external financial assets and liabilities is the economy’s net IIP, which may be positive or negative. Respectively the net international investment position (NIIP) provides an aggregate view of the net financial position (assets minus liabilities) of a country vis-à-vis the rest of the world. It allows for a stock-flow analysis of external position of the country. The indicator is expressed in percent of GDP. The indicator is based on the Eurostat data from the Balance of payment statistics, i.e. the same data source used for the current account balance. Definitions are based on the IMF Sixth Balance of Payments Manual (BPM6).

The aggregate of net lending/net borrowing of the domestic sectors in the ESA is conceptually the same as the value of net lending/net borrowing in the international accounts. This is because all the resident-to-resident flows cancel out. It is also equal to the opposite of net lending/net borrowing of the rest of the world sector in the ESA. The net lending (+) or borrowing (–) of the total economy is the sum of the net lending or borrowing of the institutional sectors. It represents the net resources that the total economy makes available to the rest of the world (if it is positive) or receives from the rest of the world (if it is negative). The net lending (+) or borrowing (–) of the total economy is equal but of opposite sign to the net borrowing (–) or lending (+) of the rest of the world. The indicator is based on the national accounts data reported to Eurostat by the EU Member States.

Net lending/borrowing of a country corresponds to the sum of total current and capital accounts’ balances in balance of payments. It represents the net resources that the total economy makes available to the rest of the world (if it is positive) or receives from the rest of the world (if it is negative). In another words when the variable is positive (meaning that it shows a financing capacity), it should be called net lending (+); when it is negative (meaning that it shows a borrowing need), it should be called net borrowing (–). The net lending (+) or borrowing (–) of the total economy is equal but of opposite sign to the net borrowing (–) or lending (+) of the rest of the world. The MIP scoreboard indicator is expressed in percentage of GDP and in million of national currency, and calculated as: (CAB+CAK)*100/GDP . The indicator is based on the Balance of Payments data reported to Eurostat by the EU Member States. Definitions are based on the IMF's Sixth Balance of Payments Manual (BPM6).

Net lending/borrowing of a country corresponds to the sum of total current and capital accounts’ balances in the Balance of Payments. It represents the net resources that the total economy makes available to the rest of the world (if it is positive) or receives from the rest of the world (if it is negative). In another words when the variable is positive (meaning that it shows a financing capacity), it should be called net lending (+); when it is negative (meaning that it shows a borrowing need), it should be called net borrowing (–). The net lending (+) or borrowing (–) of the total economy is equal but of opposite sign to the net borrowing (–) or lending (+) of the rest of the world. The MIP scoreboard indicator is expressed in percentage of GDP and in million of national currency, and calculated as: (CAB+CAK)%GDP=(CAB+CAK)*100/GDP . The indicator is based on the Balance of Payments data reported to Eurostat by the EU Member States. Starting from October 2014 definitions are based on the IMF's Sixth Balance of Payments Manual (BPM6).

The trade balance of energy products is calculated, for each Member State, as the difference between exports to and imports from the rest of the world (intra-EU and extra-EU trade) of goods included in the SITC section 3 - Mineral fuels, lubricants and related materials.The MIP indicator is expressed as percentage of GDP (according to ESA 2010 transmission programme).

The Balance of Payments (BOP) systematically summarizes all economic transactions between the residents and the non-residents of a country or of an economic area during a given period. The Balance of payments provides harmonized information on international transactions which are part of the current account (goods, services, primary and secondary income), as well as on transactions which fall in the capital and the financial account. International investment position presents value of financial assets owned outside the economy and indebtedness of the economy to the rest of the world. BOP is an important macro-economic indicator used to assess the position of an economy (of credit or debit for current and capital acount, net acquisition of financial assets or net incurrence of liabilities for BOP financial account and international investment position) towards the external world. Out of BOP data, some indicators on international position of the EU and Member States are derived. Indicators on Main Balance of Payments and International Investment Position items as share of GDP are presented as percentage of GDP for given year or quarter and moving average for 3 consecutive years for: Balance, credit and debit flows of current and capital accounts and of main current account  items: goods, services, primary and secondary income,Net flows, net acquisition of financial assets and net incurrence of liabilities for total financial account and foreign direct investment,International investment position and net external debt at the end of reference quarter or year. Indicators on export market shares present shares of each EU Member State in total world exports of goods and services for given year, and 1-year and 5-year percentage changes of these shares, as well as shares in OECD exports and 5-year percentage changes of these shares.

The Balance of Payments (BoP) systematically summarizes all economic transactions between the residents and the non-residents of a country or of an  economic area during a given period and provides harmonized information on international transactions which are part of the current account, the capital and the financial account. Data on International Trade in Services (ITS), are an important component of the BoP current account, and are used, alongside with data on Foreign Direct Investment, to monitor the external commercial performance of different economies. ITS data are collected by national enterprise surveys, International Transaction System (ITRS) and administrative records. Guidance for compilers is provided in the Manual on Statistics of International Trade in services 2010 (http://unstats.un.org/unsd/tradeserv/TFSITS/msits2010/docs/MSITS%202010%20M86%20(E)%20web.pdf)