1. Sources and methods used to compile the External Sector accounts
THE CONTRACTOR IS ACTING UNDER A FRAMEWORK CONTRACT CONCLUDED WITH THE COMMISSION

2. Introduction
Surveys
International Transactions Reporting System (ITRS)
Administrative sources
Data models
Country practices evolved according to institutional responsibilities

3. Trade in Goods
International Merchandise Trade Statistics based on customs declarations – extra-EU trade
Intrastat – intra-EU trade
Some surveys - merchanting

4. Trade in services Surveys – business and individuals ITRS
Services specific surveys
More general surveys
Sampling
Border surveys
ITRS
Supplemented by administrative data (government services, freight)
Strengths / weaknesses?

5. Primary Income - CoE Surveys of employment agencies,
Surveys of businesses,
ITRS
Border surveys,
Household surveys
Administrative records (social security)
Ministry of Finance

6. Primary Income – investment income
Integrated survey approach to collect flows (FA), levels (IIP) and income.
Opening position
Transactions
Other changes (price, currency, other)
Closing position
Interest / Income
Estimation or imputation of reinvested earnings
Strengths / weaknesses?

7. Secondary Income Surveys ITRS Aid and charitable organisations
Insurance admin data on premiums and claims
Household surveys (remittances)
ITRS

8. Financial account ITRS Integrated investment surveys
Money and Banking Statistics to derive bank’s transactions in assets and liabilities based on balance sheet changes
Surveys of securities dealers and custodians.

9. International Investment Position
Integrated investment surveys
Money and Banking Statistics
Surveys of securities dealers and custodians
IMF Coordinated Direct Investment Survey (CDIS). Valuation issues (market or book value?)
IMF Coordinated Portfolio Investment Survey (CPIS) to estimate resident liabilities.