1. ESTP Course
Balance of Payments – Introductory course Paris, May 2014 Economic Analysis of BOP

2. L16 - Economic analysis of BOP/IIP statistics

3. Summary of 2013 Balances on Current Account (WEO – april 2014)
USD bill.
% GDP US
–379.3
- 2.3 ZE
366.0
+2.9 EU
328.9
+1.9
Emerging and developing countries
(by source of export earnings)
210.0
Fuel :
Non fuel : -235
+0.7
These data are extracted from the WEO statistical annex.

4. Use of BOP data in economic analysis
Openness degree : credits + debits/GDP (vulnerability in case of decrease of external demand)
Measure of competitiveness : goods and services/GDP
Gap between savings and investment rates : current account balance/GDP
Financial account : degree of financial integration  
FDI : degree of insertion of domestic companies in the international environment

5. Euro area IIP (% of GDP)

6. BOP versus monetary statistics
Ecb : monetary approach of bop
Monetary presentation

7. BOP data use in economic analysis : the WEO example

8. MIPC : detection of macroeconomic imbalances

9. Concluding remarks : new challenges for BOP compilers …
Link micro and macro data,
Balance internal consistency, « cross-datasets » domestic consistency and cross-country consistency,
Balance frequency, coverage, timeliness
« Link without tightening » BoP/IIP data and other sets of external statistics