External Sector

Table    Publication schedule

Notes:

This table shows the real economy section of the balance of payments, which records cross-border transactions of Austrian residents with residents of other countries in four main subaccounts: goods, services, income and current transfers. 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. Credit values refer to Austria’s exports of goods, services and transfer payments to other countries, while debit values refer to Austria’s imports of goods, services and transfer payments from abroad.

Source:

OeNB, Statistics Austria.

Definitions and terms:

Current account, goods, services, income, current transfers.

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, nonfinancial corporations, public entities.

Standards and codes:

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