Balance of Payment
The balance of payments (BoP) is a statistical statement that systematically summarizes all economic transactions including those involving goods, services,
and capital between the residents of one country and the residents of the rest of the world during a specific period.
The Central Bank of Timor-Leste compiles the BoP statistics in accordance with the International Monetary Fund's (IMF)
Balance of Payments and International Investment Position Manual, Sixth Edition (BPM6).
and capital between the residents of one country and the residents of the rest of the world during a specific period.
The Central Bank of Timor-Leste compiles the BoP statistics in accordance with the International Monetary Fund's (IMF)
Balance of Payments and International Investment Position Manual, Sixth Edition (BPM6).
The BoP is primarily composed of the following accounts: the current account, the capital account, and the financial account.
- The current account details the flows of goods, services and incomes between residents and non-residents.
- The capital account records credit and debit entries for non-produced, non-financial assets and capital transfers between residents and non-residents.
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The financial account tracks transactions involving financial assets and liabilities between residents and non esidents. Data from the financial account elucidates the sources of financing for the current account.Financial assets and liabilities are further categorized by functional type, including foreign direct investment, portfolio investment, other investment, and official reserve assets.
