17.14 BPM5 does not prescribe a list of countries or country groupings to be shown by any economy. The breakdown relevant for each economy is left to the national compiler to decide. The countries separately identified in Australian balance of payments and international investment position statistics are listed in table 17.1. Though not all countries can be supported for the international investment position statistics, separate identification of these countries is generally made because of their significant economic links to Australia and/or general user interest in them. Countries which are not identified individually are allocated to residual continental groupings. Also, because of their economic importance to Australia, a number of economic groupings are identified. These are: the Asia Pacific Economic Cooperation (APEC) group, the Association of South East Asian Nations (ASEAN), the European Union (EU) and the Organisation for Economic Co-operation and Development (OECD).
17.15 In addition to categories such as international capital markets, used when creditor countries cannot be identified, a number of ‘non-countries’ are used to classify transactions that do not relate to a specific country or group of countries. These are international institutions and Reserve Bank gold.
17.16 The international capital markets category is especially applicable in cases of bearer securities issued by Australian residents or where liabilities are incurred on markets not associated with any one country (for example, the Eurodollar market). However, a loan liability to a syndicate of foreign lenders is allocated to the countries of the syndicate members in proportion to their share as specified in the contract. The international institutions category includes activity associated with the United Nations, the IMF, the International Bank for Reconstruction and Development, the Asian Development Bank and the Bank for International Settlements. Reserve Bank gold is monetary gold held by the Reserve Bank as a form of international reserve assets.
17.17 The annual publication, Cat. no. 5363.0, contains a range of country-classified tables for the major components of the current, capital and financial accounts and the international investment position, for the most recent six years, at the more detailed country split shown in table 17.1. It also contains the latest year’s data for more detailed balance of payments components, but only for a smaller selection of countries. Longer time series are available on request.
17.18 An unallocated category is used as a residual. It contains data for countries when the data provider is unable to give country details, or when the amount is confidential and cannot be allocated in published statistics.
|17.1 COUNTRY CLASSIFICATION IN AUSTRALIA'S BALANCE OF PAYMENTS AND INTERNATIONAL INVESTMENT POSITION STATISTICS (a) |
|Belgium and Luxembourg|
Central America and Caribbean
China, People's Republic of
Ireland, Republic of
Korea, Republic of
|Papua New Guinea|
United States of America
|Countries not available|
International capital markets
|Countries not applicable|
|Reserve Bank Gold|
(a) As published in 1996-97, Cat. no. 5363.0.