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04.05.2009 Israel Central Bureau of Statistics Balance of Payments Income Account and Current Transfers Account.

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Presentation on theme: "04.05.2009 Israel Central Bureau of Statistics Balance of Payments Income Account and Current Transfers Account."— Presentation transcript:

1 04.05.2009 Israel Central Bureau of Statistics Balance of Payments Income Account and Current Transfers Account

2 04.05.20099 Income Account Investment Income  From year 2002: Change in methodology – From ITRS sources to direct reporting to ICBS of main commercial banks – Main variables reported: Loans and deposits from banks to foreign residents and deposits from foreign residents to banks – Balances, interests paid and accrued interests.Change in methodology – From ITRS sources to direct reporting to ICBS of main commercial banks – Main variables reported: Loans and deposits from banks to foreign residents and deposits from foreign residents to banks – Balances, interests paid and accrued interests. Full breakdown by financial instruments, investment types and institutional sectorsFull breakdown by financial instruments, investment types and institutional sectors Accrued interests for all relevant financial assets and liabilitiesAccrued interests for all relevant financial assets and liabilities

3 04.05.20099 Income Account Investment Income  Reinvested earnings: Inward FDI – Additional compulsory reports Improvements in estimations methodology Inward FDI – Additional compulsory reports Improvements in estimations methodology Outward FDI – Improvements in estimations methodology Outward FDI – Improvements in estimations methodology

4 04.05.20099 Income Account Investment Income  Data sources: Commercial banks Commercial banks Ministry of Finance – NY Ministry of Finance – NY Ministry of Finance – Jerusalem Ministry of Finance – Jerusalem Bank of Israel – Information and Statistics Dept. Bank of Israel – Information and Statistics Dept.

5 04.05.20099 Income Account Compensation of Employees  Foreign workers in Israel  Foreign workers in Israel  Workers from abroad (not including Palestinian Authority) Number of foreign workers: According to estimations of ICBS Demography Dept. Number of foreign workers: According to estimations of ICBS Demography Dept. (Based on net entries to Israel of persons from developing countries, who are not tourists, new immigrants, diplomats or students).

6 04.05.20099 Income Account Compensation of Employees Average wages of foreign workers – According to the National Insurance Institute Average wages of foreign workers – According to the National Insurance Institute (Based on reports of employers) (Based on reports of employers)  Palestinian workers Number of workers : Based on the Labour Force Survey of the Palestinian AuthorityNumber of workers : Based on the Labour Force Survey of the Palestinian Authority Average wages: Reports from the Payments Dept. of the Employment ServiceAverage wages: Reports from the Payments Dept. of the Employment Service

7 04.05.20099 Income Account Compensation of Employees  Consumption of foreign workers in Israel (Included in Exports of Travel Services)  Estimations based on Household Expenditure and Income Survey

8 04.05.20099 Income Account Compensation of Employees  Israeli workers abroad – According to ITRS

9 04.05.20099 Current Transfers Account Receipts  Government transfers –Thereof: US Government Reports from Ministry of Defense National Institutions Reports from Institutions  Other sectors –Thereof: Personal restitutions from Germany ITRS Transfers to institutions ITRS Personal transfers ITRS

10 04.05.20099 Current Transfers Account Payments  Government Reports from Governmental offices  Other sectors ITRS ITRS

11 04.05.20099 Thanks for your attention


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