OREANDA-NEWS. June 09, 2014. The member states of the European Union will change to using new international standards for national accounts and for the compilation of balance of payment statistics.

 Eesti Pank will start to compile external statistics using the Balance of Payments and International Investment Position Manual, 6th Edition (BPM6) instead of the IMF, Balance of Payments Manual, 5th Edition (BPM5).

The change of edition will mean important changes in how statistics are compiled and presented. Eesti Pank will publish its first statistics using the new standard on 9 June 2014 for the first quarter of 2014.

On 9 June Eesti Pank will publish the data for the balance of payments, international investment position and gross external debt using both the old BPM5 and new BPM6 methodologies. On 8 September 2014 the external statistics for the second quarter of 2014 will be published using only the new methodology. The time series compiled under the old methodology will be replaced by retrospective time series compiled using the new methodology with additional tables.