5331.0 - Balance of Payments and International Investment Position, Australia, Concepts, Sources and Methods, 1998  
Previous ISSUE Released at 11:30 AM (CANBERRA TIME) 22/09/1998   
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7.31. Because services cover such a diverse range of activities, various data sources and methods are used to compile the services items. These are described in table 7.9.


7.9
SUMMARY OF DATA SOURCES AND METHODS - SERVICES
Component Source of data Method of estimation

Transportation Survey of International Trade in Services (SITS)

International Trade Statistics (ITS)

Travel by Foreign Residents Model (TFRM)
The ITS are used to compile the freight debit component. The remainder of transportation services (apart from the TFRM adjustment), is compiled directly from SITS (transportation). TFRM is used to make an adjustment to passenger fare earnings reported in the SITS (transportation) (also see paragraph 7.8).

Travel

Travel by Foreign Residents Model (TFRM)


Foreign Students in Australia Model (FSAM)

Travel by Australian Residents Model (TARM)

These models source a wide variety of information in the compilation of the travel components. The models are described in Appendix 2.

Insurance services

Insurance Model (IM)

Compiled directly from IM. (A description of the treatment of insurance is given in box 7.5.)

Financial services

Financial Services Model (FSM)


Commonwealth Government Transactions (Ledgers)

Explicit financial services fees, the largest component of this item, are primarily estimated using FSM. A minor component of debits (Commonwealth Government loan flotation expenses) is directly compiled from the Ledgers.

Foreign Exchange Fees Model (FEFM)

Implicit financial service fees for foreign exchange trading are estimated using FEFM.

Government services n.i.e.

Commonwealth Government Transactions (Ledgers)


Foreign Embassy Expenditure Model (FEEM)

Expenditure of foreign governments and their employees in Australia (credits) are compiled from the FEEM and the Defence Department Advices.

Bases in Australia (Defence Department Advices)


State Government Budget Papers

Expenditure by the Australian Government and its employees abroad (debits) are compiled from the Ledgers and annual State Government Budget Papers.

Other services

Survey of International Trade in Services (SITS)


Commonwealth Government Transactions (Ledgers)

Communications services, construction services, computer and information services, royalties and licence fees, other business services, and personal, cultural and recreational services are compiled directly from the SITS. The ledgers provide timely information on withholding taxes which are used to extrapolate the largest components, royalties and licence fees and audiovisual and related services, until SITS data are available.





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