TARGET GROUP | Officials whose main responsibility is compiling balance of payments, international merchandise trade statistics, and/or international trade in services statistics. Participants should be familiar with the methodology of the Balance of Payments and International Investment Position Manual, sixth edition (BPM6). Participants should have a degree in economics or statistics or equivalent experience; have basic knowledge of balance of payments concepts; and have a minimum of one year of experience in compiling balance of payments or in collecting and processing source data on goods and/or services for compiling balance of payments statistics.
DESCRIPTION | This one-week course, presented by the IMF’s Statistics Department, is intended to provide a thorough understanding of the concepts underlying international trade in goods and services statistics. It offers practical advice on data sources and techniques for compiling these statistics. The course is mainly based on the 2014 BPM6 Compilation Guide and the Manual on Statistics of International Trade in Services 2010 Compilers Guide (MSITS 2010 CG). The course consists of a series of lectures and workshops that cover concepts, sources, and methods for compiling statistics associated with international trade in goods and services. It will also include plenary discussions on country practices. Recognizing the challenges in compiling statistics for certain services categories, such as manufacturing, merchanting, insurance, financial services, and construction, the course will emphasize specific aspects of their treatment and how they are recorded in the balance of payments. Participants will have the opportunity to discuss compilation problems they have encountered and gain insights into the analytical uses of statistics on the international trade in goods and services. They will benefit from the experiences of other compilers through peer learning opportunities.
OBJECTIVES | Upon completion of this course, participants should be able to:
• Expand their knowledge of the compilation of international trade in goods and services accounts, according to the techniques provided in the 2014 BPM6 Compilation Guide and the MSITS 2010 CG
• Identify new data sources that could improve the compilation of statistics on the international trade in goods and services
• Apply appropriate statistical techniques for dealing with complex methodological and compilation issues