5331.0 - Balance of Payments and International Investment Position, Australia: Concepts, Sources and Methods, 2011  
Latest ISSUE Released at 11:30 AM (CANBERRA TIME) 08/03/2011   
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GOODS ACCOUNT

CONCEPT

The Balance of Payments and International Investment Position Manual Sixth edition states that:

    10.7 Goods are physical, produced items over which ownership rights can be establised and whose economic ownership can be passed from one institutional unit to another by engaging in transactions. They may be used to satisfy the needs or wants of households or the community or used to produce other goods or services. The production of a good can be separated from its subsequent sale or resale. Goods are shown separately from services.
Reference:


LINKED TO
    Goods and Services Account


COMPONENTS
    General merchandise
    Goods under merchanting
    Nonmonetary Gold

SEE ALSO
    Valuation of transactions and other flows (link not yet available)



This section contains the following subsection :
          General Merchandise
          Goods under merchanting
          Nonmonetary Gold

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