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This section provides aggregated data on the international investment position (i.i.p.). This annual statement of the external assets and liabilities of the euro area reveals the structure of the euro area’s external financial position and complements the b.o.p. data for monetary policy and exchange market analysis. Periodic position data also provide a check on the plausibility of b.o.p. transactions. The euro area i.i.p. is compiled by ECB on a quarterly and annual basis. The recent quarterly figures should be regarded as provisional. Data are revised when figures for the following quarter and/or the detailed annual i.i.p. are published. Earlier data are revised periodically or as a result of methodological changes in the compilation of the source data.
The concepts and definitions used in balance of payments (b.o.p.) and international investment position (i.i.p.) statistics are generally in line with the IMF Balance of Payments Manual (fifth edition, October 1993), the ECB Guideline of 16 July 2004 on the statistical reporting requirements of the ECB (ECB/2004/15) and the amending ECB Guideline of 31 May 2007 (ECB/2007/3). Additional references about the methodologies and sources used in the euro area b.o.p. and i.i.p. statistics can be found in the ECB publication entitled “European Union balance of payments/international investment position statistical methods” pdf 2.8 MB, en.
The data on the euro area i.i.p. in this section are based on positions vis-à-vis non-euro area residents, considering the euro area as a single economy (see Box 9 in the December 2002 issue of the Monthly Bulletin). The i.i.p. is generally valued at current market prices, with the exception of direct investment equity capital, where book values are used to a large extent.
More methodological information concerning data presented in this section pdf en.