The Banco Central de Timor-Leste (BCTL) 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 BCTL website ..Full press release is available below.
The Banco Central de Timor-Leste (BCTL) has establish and publish the first official International Investment Position (IIP) statistics for Timor-Leste. These statistics cover the year 2007-2010 and represent the development of investment position outward and inward of Timor-Leste. Full press release also available below.
The data will be released and updated on quarterly basis as in the schedule below:
|Quarterly Basis Release and Upload|
|Q2 - 2015||August 28, 2015 (Friday)|
|Q3 - 2015||December 1, 2015 (Thursday)|
|Q4 - 2015||February 29, 2016 (Monday)|
Meta Data on BOP
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 Banco Central de Timor-Leste (BCTL), 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 BCTL as its official compiler. Under a technical assistance program with the International Monetary Fund, the BCTL 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.
Meta Data on IIP
The international investment position is a statistical statement that shows an economy’s stock of external financial assets and liabilities of the public and private sectors at a particular point in time.
The difference between the stock of external assets and the stock of external liabilities is the net IIP. There are four functional types of investment: direct investment, portfolio investment, other investment and reserve assets.
For all investment, the distinction between assets and liabilities depends on whether the investment was made by non-resident or residents. The investment by resident in abroad is external assets, while non-resident investment locally is foreign liabilities.
BOP Summary Table & International Investment Position