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[IWS] BEA: Important Notice! MODERNIZING BEA'S INTERNATIONAL ECONOMIC ACCOUNTS [15 September 2014]
IWS Documented News Service
Institute for Workplace Studies-----------------Professor Samuel B. Bacharach
School of Industrial & Labor Relations-------- Director, Institute for Workplace Studies
16 East 34th Street, 4th floor--------------------Stuart Basefsky
New York, NY 10016 -------------------------------Director, IWS News Bureau
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Modernizing BEA’s International Economic Accounts [15 September 2014]
The latest information on BEA’s efforts to modernize and enhance the International Economic Accounts.
Comprehensive Restructuring of the International Economic Accounts
BEA introduced a new presentation of the International Transactions Accounts (ITAs) on June 18, 2014 and a new presentation of the International Investment Position (IIP) accounts on June 30, 2014. These new presentations reflect a comprehensive restructuring of the international economic accounts that enhances the quality and usefulness of the accounts and brings the accounts into closer alignment with international guidelines. Additional information on the restructuring was published in the article “The Comprehensive Restructuring of the International Economic Accounts: Changes in Definitions, Classifications, and Presentations,” Survey of Current Business, March 2014. Detailed discussions of the ITAs and the IIP accounts, including revisions to the statistics, were published in the articles “Comprehensive Restructuring and Annual Revision of the U.S. International Transactions Accounts” and “The U.S. Net International Investment Position at the End of the First Quarter of 2014, Year 2013, and Annual Revisions,” Survey of Current Business, July 2014.
Information on BEA’s plans to implement new international statistical standards and other improvements.
Key Aspects of U.S. Data and Metadata for CDIS - Presented at the CDIS Workshop in Luxembourg, June 8-10, 2011.
This presentation outlines the key aspects of the U.S. data submission for the IMF’s Coordinated Direct Investment Survey (CDIS).
Topics discussed include the type, characteristics, and sources of the data as well as BPM6 issues such as valuation methods and fellow enterprises.
Strategy for Implementing the Sixth Edition of the Balance of Payments and International Investment Position Manual - IMF Statistics Department (2009)
Balance of Payments and International Investment Position Manual, 6th edition – IMF (2009)
Benchmark Definition of Foreign Direct Investment, 4th edition – OECD (2008)
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