External Sector

Table    Publication schedule

Notes:

This table shows the balance of payments (BOP), which represents a systematic record of economic transactions between residents of Austria and residents of other countries. The balance of payments consists of a real economy section (current account) and a financial section (financial account). Transactions are presented in the form of double entry bookkeeping. The compilation method builds on the international standards laid down in the IMF Balance of Payments Manual and on the System of National Accounts. Furthermore, it undergoes regular revisions and offers a high degree of detail.

Source:

OeNB, Statistics Austria.

Definitions and terms:

Current account, goods, services, income, current transfers, capital account, financial account, direct investment, portfolio investment, equity securities, debt securities, other investment, trade credits, deposits, financial derivatives, reserve assets, errors and omissions.

Legal basis:

Austria: Article 44 Nationalbank Act, Exchange Control Act 2004; International: SDDS and Articles of Agreements of the IMF, ECB guideline, EU regulation.

Methodology:

External statistics compiled by Statistics Austria. Up to 2006: Foreign exchange reporting system. From 2006: Direct reporting system covering economic units that exceed the applicable reporting thresholds; securities transactions and holdings reported by custodian banks (security by security); money and banking statistics; administrative data; OeNB estimates. Depending on the type of transactions, data are compiled at quarterly or monthly intervals. Backcast series up to 2006.

Reporting institutions:

Banks, companies, individuals, public entities.

Standards and codes:

ISO country and currency codes, ISIN code, IMF Balance of Payments Manual 5.