BALANCE OF PAYMENTS

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 Press Release

The Banking and Payments Authority (BPA) has established a new milestone as it publishes the first official balance of payments (BOP) statistics for Timor-Leste, covering the years 2006 and 2007. The BOP statistics and corresponding documentation can already be accessed on the BPA website ..Full press release is available below.

 Meta Data

By definition, the BOP is a statistical statement that systematically summarizes, for a specific time period, the economic transactions of an economy with the rest of the world. 

The task of the BOP compilation in Timor-Leste is officially assigned to the Banking and Payments Authority (BPA), specifically under its Economic and Statistics Division. In accordance with the Statistics Law, the Ministry of Finance has officially declared BOP as part of Timor-Leste’s official statistics, with BPA as its official compiler. 

Under a technical assistance program with the International Monetary Fund, the BPA has developed its first set of official BOP statistics for the years 2006 and 2007.

The balance of payments (BOP) data cover all economic transactions of residents of the Timor-Leste economy with nonresidents. 

The Timor-Leste’s BOP statistics are classified broadly according to the standard components of the BPM5 (with an additional item from BPM6 under income), and with an analytical presentation showing the balance of payments position, current account balance, and capital and financial account balance.

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BOP Summary Table