Statistical Concepts, Methods and IT Applications

Implementation of IMF Balance of Payments and International Investment Position Manual, 6th Edition in Singapore's Balance of Payments

The Balance of Payments and International Investment Position Manual, Sixth Edition (BPM6), published by the International Monetary Fund (IMF) in 2009, serves as the new international statistical standard for the compilation of the balance of payments (BOP). With the implementation of BPM6, the Singapore Department of Statistics (DOS) will present Singapore’s BOP estimates in the new BPM6 format with effect from the release of the Economic Survey of Singapore for 2011.

The Occasional Paper titled “Implementation of IMF Balance of Payments and International Investment Position Manual, Sixth Edition in Singapore’s Balance of Payments” highlights and explains the major changes and improvements undertaken in accordance with BPM6 guidelines and recommendations. The paper also provides an analysis of the impact of the various changes on the major accounts in Singapore’s BOP.

More details are available in DOS's Occasional Paper, entitled "Implementation of IMF Balance of Payments and International Investment Position Manual, 6th Edition in Singapore’s Balance of Payments" (560kb) .