Results of the AEG e-discussion on Migrant transfers UN STATISTICS DIVISION Economic Statistics Branch National Accounts Section

Migrant transfers Introduction The movement of personal effects and financial assets when individuals change residence from one country to another Treated as capital transfers in BoP and migrants effects as exports and imports in SNA No owner transfer takes place Proposed to remove migrant transfers from BoP and SNA

Migrant transfers cont Results Yes No No response 1. No recording of personal effects 15 1 2. Record change in financial assets and liabilities in the OCVA acc 14 2 3. Apply same principle to corporations 6 7 3 4. Clarify text of SNA Ch 11 and 12 16

Migrant transfers cont Comments Corporations do not change residence the same way people do Movement of fixed assets should be recorded as divestment and exports in the one country and imports and capital formation in the other country

Migrant transfers cont Conclusion The consultation shows that most of the AEG members participating support the recommendations on migrant transfers, but that corporations should not be treated the same way

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