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Press
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BOP Summary
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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.
For more information please
click
here.
BOP Summary Table
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Summary Table |
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