Balance of payments - Introductory course - 2024

• Sound command of English. Participants should be able to make short interventions and to actively participate in discussions
• Basic knowledge of Economics and Statistics

• The course aims at providing a sound knowledge on the elaboration and use of statistics on : trade in goods, services, travel, financial flows, trade in value added, use of bop and IIP statistics

The course will aim at providing participants with basic concepts and classifications regarding :

• Goods and services account 
• Primary income account
• Secondary income account
• Capital account
• Putting all accounts together – complete balance of payments, errors and omissions
• International investment position and financial account
• Compiling aggregates for currency unions and economic union
• Main data sources and data compilation issues
• Data quality issues: consistency with the national accounts, bilateral asymmetries with partner statistics (intra-EU, external)
• Economic analysis of BoP statistics:  trade in value added, measurement of GVC ; CO2 content in trade, effect of pandemics

• International Monetary Fund, Balance of Payments and International Investment Position Manual, 6th edition (BPM6) ;
• International Monetary Fund, BPM6 Compilation Guide ;
• European Central Bank, European Union Balance of Payments and International Investment Position statistical sources and methods, 2016.
• Euro area balance of payments press releases (https://www.ecb.europa.eu/press/pr/stats/bop/html/index.en.html);
• Eurostat, “International Trade in Services statistics – background” (https://ec.europa.eu/eurostat/statistics-explained/index.php?title=International_Trade_in_Services_statistics_-_background#Definition);
• Eurostat, “International Trade in Goods – A Statistical Picture “ (https://ec.europa.eu/eurostat/statistics-explained/index.php?title=International_trade_in_goods_-_a_statistical_picture);
• Eurostat, “Impact of Covid-19 on international trade in goods statistics” (https://ec.europa.eu/eurostat/statistics-explained/index.php?title=Impact_of_COVID-19_on_international_trade_in_goods_statistics)

Rafaël CEZAR (independent expert)

Cécile GOLFIER (independent expert)

Florian LE GALLO (independent expert)

Paris,

France