Recent Trends in Global Balance of Payments and IIP Data
- International Monetary Fund. Statistics Dept.
- Published Date:
- February 2016
4. A growing number of economies submit external sector statistics to the IMF for re-dissemination. Annual balance of payments and IIP statistics for the period 2007–14 are published in the 2015 Balance of Payments Statistics Yearbook (BOPSY 2015). For the BOPSY 2015, 191 economies submitted balance of payments data, of which 150 also submitted IIP data. The number of reporters of quarterly IIP data increased significantly, to 103 economies in 2015 from 91 in 2014. While country coverage has improved significantly, there is a shortage of data coverage for Africa, and several low income countries work under severe capacity constraints. A more simplified and tailored approach to the development of balance of payments and IIP data in countries with low capacity could improve the accuracy and timeliness of their data and, therefore, increase the relevance for better analysis and policy advice.
5. According to data published in BOPSY 2015, the global current account balance2 (reflecting the difference between current account receipts and payments) was consistently positive in 2008–14 (see
Figure 1.Global Balances on Current Account
6. The global financial account balance increased by 46 percent in 2014 to a positive $418.6 billion, from a positive $287.4 billion in 2013 (see
Figure 2.Global Assets and Liabilities
7. World IIP assets increased by 0.5 percent from $140.5 trillion at end–2013 to around $141.1 trillion at end–2014, and IIP liabilities by 1.5 percent from $141.5 to $143.7 trillion respectively (see