Methodological changes in Austria’s balance of payments
Impact on trade in
goods and services statistics
Patricia Walter
Oesterreichische Nationalbank, Balance of Payments Division
September 2007
www.oenb.at
1
oenb.info@oenb.at
Oest er r eichische Nat ional bank
Agenda
•
A new balance of payments system: motivation and concepts
•
Cooperation with Statistics Austria
•
New survey on trade in services
•
First results
•
Future Outlook
2
Oest er r eichische Nat ional bank
A new balance of payments system: Motivation
•
Until 2006, compilation of the Austrian balance of payments via a MFI based settlement
system
– Complemented by surveys for the financial account
– Compilation of trade in services completely settlement based, except for travel
•
Growing negative effects on data quality and compilation efficiency
3
Oest er r eichische Nat ional bank
A new balance of payments system: Motivation
– Common currency in the Euro area blurres the distinction between national and foreign
transactions
• Travel item: new survey based compilation already introduced with the introduction of the Euro
– Step wise development of a single Euro payments area diminishes the useability of payments for
statistical purposes
– Intra-company settlement systems (cash centres) loosen the connection between payments and
transactions, concerning volumes as well as regional structures
4
Oest er r eichische Nat ional bank
A new balance of payments system: Concepts
•
In January 2006, OeNB switched to a direct reporting system
– From this key date onwards
• No settlement data have been available any more
• Complete data collection substituted by surveys
•
Main components
– Sample design varies with type of transaction and industrial sector
– Reporting population consists of about 7.000 economic entities, from these about 5.000 report
on trade in services
– Legal basis attributes the central bank the same status as to the NSI, giving access to registers
and administrative data
5
Oest er r eichische Nat ional bank
•
A new balance of payments system: motivation and concepts
•
Cooperation with Statistics Austria
•
New survey on trade in services
•
First results
•
Future Outlook
6
Oest er r eichische Nat ional bank
Cooperation with Statistics Austria
•
Basic agreement on cooperation between OeNB and NSI, Statistics Austria
– Concentration on the respective expertise
– Statistics Austria in real economies and the OeNB in financial markets
– „Cooperation framework agreement“, yardstick „memorandum of understanding“ between ECB
and EUROSTAT
•
Concrete tasks are laid down in service provider contracts like for compiling exports and
imports of services
– Statistics Austria collects data from non financial companies
– OeNB from insurance companies and banks
•
Synergies are gained within the scope of external statistics
– Including the harmonization with National Accounts
7
Oest er r eichische Nat ional bank
Cooperation with Statistics Austria
non-financial
corporations
CURRENT ACCOUNT
Goods
Services
Income
employment income
investment inmcome
Current Transfers
CAPITAL ACCOUNT
FINANCIAL ACCOUNT
Direct Investment
Portfolio Investment
Financial Derivatives
Other Investment
Official Reserves
Errors and Omissions
8
financial
corporations
general
government
private
households
nonprofit
institutions
serving
households
Oest er r eichische Nat ional bank
Cooperation with Statistics Austria
Respondents of trade in services
Trade in services only
Trade in services and one category of
financial transactions
9
In % of
total
70,0%
21,8%
Trade in services and two categories
of financial transactions
7,9%
Trade in services and three
categories of financial transactions
0,4%
Oest er r eichische Nat ional bank
Cooperation with Statistics Austria
„XINTIP“
ECB
BoP-Sets
EUROSTAT
Statistics
Austria
Aggregation
CA2
Data Base
Current Account
Transmission
CA x Country x Sector
C/D/N
Verification
Aggregation
Estimation
CA1
Matrix
Investment
Income
10
Services Survey
Intra/Extrastat
Services Survey
Travel Survey
Administrative
Data
Oest er r eichische Nat ional bank
•
A new balance of payments system: motivation and concepts
•
Cooperation with Statistics Austria
•
New survey on trade in services
•
First results
•
Future Outlook
11
Oest er r eichische Nat ional bank
New survey on trade in services: population analysis
•
Concentration survey for identifying the statistical population
– Carried out within the scope of Austria‘s structural business survey 2003 (EG, EURATOM no. 58/97)
• Covered 32,247 out of 266,258 Austrian business units
• Service industry: different thresholds in turnover between € 750.000 and 1,5 Mio.
• Manufacturing industry: threshold in number of employees > 20
– Not included i.a.
• Financial corporations
• Public and private services (education, health, welfare; )
– Gap estimates
• Settlement data for unit-non-response
• Imputation of remaining reporting deficits (MEDIAN, turnover and sector classes)
• Estimates for businesses below survey thresholds (Regression, services exports and imports to turnover)
12
Oest er r eichische Nat ional bank
New survey on trade in services: population analysis
13
Businesses
with
services
exports
Services
exports
in € 1,000
Businesses
with
services
imports
Services
imports
in € 1,000
Net
Survey data
5,214
17,334,917
4,973
13,718,530
3,616,387
Totals after
estimates
47,137
20,132,846
43,641
15,739,222
4,393,624
Oest er r eichische Nat ional bank
New survey on trade in services: survey design
Coverage in % of concentration survey
Coverage in % of total
Number of businesses
4.800
Services exports
Services imports
Services exports
Services imports
99
99
89
91
– Thresholds depending on type of industrial sector
• € 200,000 or 50,000 for services exports as well as imports per year
– Two different reporting concepts
• Quarterly report on services exports and imports regarding partner countries and classification of
services
• Quarterly report on services exports and imports regarding partner countries together with yearly
report on the classification of services
14
Oest er r eichische Nat ional bank
New survey on trade in services: survey design
–
–
–
–
–
–
–
–
–
–
–
–
–
15
Transportation
Travel
Communication services
Construction services
Insurance services
Financial services
Computer and information services
Royalties and licence fees
Other business services
Personal, cultural and recreational services
Government Services, n.i.e.
Employment income, debet
Current transfers
Oest er r eichische Nat ional bank
New survey on trade in services: changes in concepts
•
Transportation: cif/fob correction
Until 2006
Credit, c
Debet, d
Net
Goods, G
Gc
Gd -Td
Gc – Gd + Td
Transport services, T
Tc
Td
Tc - Td
Services not allocated,
S.N.A.
S.N.A.c
S.N.A.d + Td
S.N.A.c – S.N.A.d – Td
Since 2006:
Te = Volume x distance x freight
rate, Te < Td
Credit, c
Debet, d
Net
Gc
Gd -Te
Gc – Gd + Te
Tc - Tec
Td + Ted
Tc – Tec – Td – Ted
Goods, G
Transport services, T
16
Oest er r eichische Nat ional bank
New survey on trade in services: changes in concepts
•
Insurance services
– Calculation of insurance service charge, for exports and imports
• Gross premium – gross claim = net premium per country and period
• (gross premium – gross claim)/gross premium = x[%] long-term
• Gross premium * x% = insurance service charge per country and period
– Database harmonized with Financial Market Authority (EU regulation no. 1225/1999 to
1228/1999)
– Mirror Data are available for imports
17
Oest er r eichische Nat ional bank
New survey on trade in services: changes in concepts
•
Financial services
– Completely corrected for financial derivatives
•
Government services
– Inclusion of compensation of employees by international organizations
18
Oest er r eichische Nat ional bank
New compilation of the travel item
•
Methodological changes I
– Compilation until 2006: statistics of overnight stays and guest interviews, settlement data
– Since 2006: hyprid type of compilation
– New seasonality due to change of time of recording: from time of settlement to travel
•
Methodological changes II
–
–
–
–
19
Distinction between different components
Inclusion of expenditures from seasonal workers and students
Exclusion of payments from foreign and illegal workers
Correction for national components, especially for package tours
Oest er r eichische Nat ional bank
•
A new balance of payments system: motivation and concepts
•
Cooperation with Statistics Austria
•
New survey on trade in services
•
First results
•
Future Outlook
20
Oest er r eichische Nat ional bank
First results: data and recalculations
•
Table 1
– First results for 2006 and provisional recalculations for 2005
21
Oest er r eichische Nat ional bank
First Results: methodological effects
2005
CURRENT ACCOUNT
Austrian Balance of Payments
Methodological effects
gross volumes decrease, net value increases
CURRENT ACCOUNT
Goods
Services
Transportation
imports increase, net value decreases
gross volumes decrease, net value increases
imports increase, exports and net value decrease
Goods
Services
Transportation
of which: Passenger transport
exports decrease
of which: Passenger transport
Sea transport
Sea transport
Air transport
exports decrease
Air transport
Other transport
imports increase
Other transport
Travel
Communication services
Construction services
imports decrease, net value increases
Travel
Communication services
Construction services
Construction abroad
Construction abroad
Construction in the compiling economy
Construction in the compiling economy
Insurance services
Financial services
Computer and information services
Royalties and licence fees
Other business services
gross volumes decrease
gross volumes decrease
exports and net value increase
exports and net value increase
Insurance services
Financial services
Computer and information services
Royalties and licence fees
Other business services
Merchanting
Merchanting
Other trade related services
Other trade related services
Operational leasing services
Miscellaneous business, professional
and technical services
Operational leasing services
Miscellaneous business, professional
and technical services
Personal, cultural and recreational
services
Government services, n.i.e.
exports increase
imports increase, net value decreases
exports and net value decrease
Services not allocated
Income
Compensation of employees
Investment income
Personal, cultural and recreational
services
Government services, n.i.e.
Income
Compensation of employees
Investment income
Direct investment
Direct investment
Portfolio investment
Portfolio investment
Other investment
Current transfers
Public sector
Private sector
CAPITAL ACCOUNT
FINANCIAL ACCOUNT
Errors and omissions
22
2006
Other investment
gross volumes decrease
imports decrease, net value increases
Current transfers
Public sector
Private sector
CAPITAL ACCOUNT
FINANCIAL ACCOUNT
Errors and omissions
Oest er r eichische Nat ional bank
First Results: methodological effects
2005
CURRENT ACCOUNT
Austrian Balance of Payments
Methodological effects
gross volumes decrease, net value increases
CURRENT ACCOUNT
Goods
Services
Transportation
imports increase, net value decreases
gross volumes decrease, net value increases
imports increase, exports and net value decrease
Goods
Services
Transportation
of which: Passenger transport
exports decrease
of which: Passenger transport
Sea transport
Sea transport
Air transport
exports decrease
Air transport
Other transport
imports increase
Other transport
Travel
Communication services
Construction services
imports decrease, net value increases
Travel
Communication services
Construction services
Construction abroad
Construction abroad
Construction in the compiling economy
Construction in the compiling economy
Insurance services
Financial services
Computer and information services
Royalties and licence fees
Other business services
gross volumes decrease
gross volumes decrease
exports and net value increase
exports and net value increase
Insurance services
Financial services
Computer and information services
Royalties and licence fees
Other business services
Merchanting
Merchanting
Other trade related services
Other trade related services
Operational leasing services
Miscellaneous business, professional
and technical services
Operational leasing services
Miscellaneous business, professional
and technical services
Personal, cultural and recreational
services
Government services, n.i.e.
exports increase
imports increase, net value decreases
exports and net value decrease
Services not allocated
Income
Compensation of employees
Investment income
Personal, cultural and recreational
services
Government services, n.i.e.
Income
Compensation of employees
Investment income
Direct investment
Direct investment
Portfolio investment
Portfolio investment
Other investment
Current transfers
Public sector
Private sector
CAPITAL ACCOUNT
FINANCIAL ACCOUNT
Errors and omissions
23
2006
Other investment
gross volumes decrease
imports decrease, net value increases
Current transfers
Public sector
Private sector
CAPITAL ACCOUNT
FINANCIAL ACCOUNT
Errors and omissions
Oest er r eichische Nat ional bank
First Results: methodological effects
2005
CURRENT ACCOUNT
Austrian Balance of Payments
Methodological effects
gross volumes decrease, net value increases
CURRENT ACCOUNT
Goods
Services
Transportation
imports increase, net value decreases
gross volumes decrease, net value increases
imports increase, exports and net value decrease
Goods
Services
Transportation
of which: Passenger transport
exports decrease
of which: Passenger transport
Sea transport
Sea transport
Air transport
exports decrease
Air transport
Other transport
imports increase
Other transport
Travel
Communication services
Construction services
imports decrease, net value increases
Travel
Communication services
Construction services
Construction abroad
Construction abroad
Construction in the compiling economy
Construction in the compiling economy
Insurance services
Financial services
Computer and information services
Royalties and licence fees
Other business services
gross volumes decrease
gross volumes decrease
exports and net value increase
exports and net value increase
Insurance services
Financial services
Computer and information services
Royalties and licence fees
Other business services
Merchanting
Merchanting
Other trade related services
Other trade related services
Operational leasing services
Miscellaneous business, professional
and technical services
Operational leasing services
Miscellaneous business, professional
and technical services
Personal, cultural and recreational
services
Government services, n.i.e.
exports increase
imports increase, net value decreases
exports and net value decrease
Services not allocated
Income
Compensation of employees
Investment income
Personal, cultural and recreational
services
Government services, n.i.e.
Income
Compensation of employees
Investment income
Direct investment
Direct investment
Portfolio investment
Portfolio investment
Other investment
Current transfers
Public sector
Private sector
CAPITAL ACCOUNT
FINANCIAL ACCOUNT
Errors and omissions
24
2006
Other investment
gross volumes decrease
imports decrease, net value increases
Current transfers
Public sector
Private sector
CAPITAL ACCOUNT
FINANCIAL ACCOUNT
Errors and omissions
Oest er r eichische Nat ional bank
First Results: methodological effects
2005
CURRENT ACCOUNT
Austrian Balance of Payments
Methodological effects
gross volumes decrease, net value increases
CURRENT ACCOUNT
Goods
Services
Transportation
imports increase, net value decreases
gross volumes decrease, net value increases
imports increase, exports and net value decrease
Goods
Services
Transportation
of which: Passenger transport
exports decrease
of which: Passenger transport
Sea transport
Sea transport
Air transport
exports decrease
Air transport
Other transport
imports increase
Other transport
Travel
Communication services
Construction services
imports decrease, net value increases
Travel
Communication services
Construction services
Construction abroad
Construction abroad
Construction in the compiling economy
Construction in the compiling economy
Insurance services
Financial services
Computer and information services
Royalties and licence fees
Other business services
gross volumes decrease
gross volumes decrease
exports and net value increase
exports and net value increase
Insurance services
Financial services
Computer and information services
Royalties and licence fees
Other business services
Merchanting
Merchanting
Other trade related services
Other trade related services
Operational leasing services
Miscellaneous business, professional
and technical services
Operational leasing services
Miscellaneous business, professional
and technical services
Personal, cultural and recreational
services
Government services, n.i.e.
exports increase
imports increase, net value decreases
exports and net value decrease
Services not allocated
Income
Compensation of employees
Investment income
Personal, cultural and recreational
services
Government services, n.i.e.
Income
Compensation of employees
Investment income
Direct investment
Direct investment
Portfolio investment
Portfolio investment
Other investment
Current transfers
Public sector
Private sector
CAPITAL ACCOUNT
FINANCIAL ACCOUNT
Errors and omissions
25
2006
Other investment
gross volumes decrease
imports decrease, net value increases
Current transfers
Public sector
Private sector
CAPITAL ACCOUNT
FINANCIAL ACCOUNT
Errors and omissions
Oest er r eichische Nat ional bank
First Results: methodological effects
2005
CURRENT ACCOUNT
Austrian Balance of Payments
Methodological effects
gross volumes decrease, net value increases
CURRENT ACCOUNT
Goods
Services
Transportation
imports increase, net value decreases
gross volumes decrease, net value increases
imports increase, exports and net value decrease
Goods
Services
Transportation
of which: Passenger transport
exports decrease
of which: Passenger transport
Sea transport
Sea transport
Air transport
exports decrease
Air transport
Other transport
imports increase
Other transport
Travel
Communication services
Construction services
imports decrease, net value increases
Travel
Communication services
Construction services
Construction abroad
Construction abroad
Construction in the compiling economy
Construction in the compiling economy
Insurance services
Financial services
Computer and information services
Royalties and licence fees
Other business services
gross volumes decrease
gross volumes decrease
exports and net value increase
exports and net value increase
Insurance services
Financial services
Computer and information services
Royalties and licence fees
Other business services
Merchanting
Merchanting
Other trade related services
Other trade related services
Operational leasing services
Miscellaneous business, professional
and technical services
Operational leasing services
Miscellaneous business, professional
and technical services
Personal, cultural and recreational
services
Government services, n.i.e.
exports increase
imports increase, net value decreases
exports and net value decrease
Services not allocated
Income
Compensation of employees
Investment income
Personal, cultural and recreational
services
Government services, n.i.e.
Income
Compensation of employees
Investment income
Direct investment
Direct investment
Portfolio investment
Portfolio investment
Other investment
Current transfers
Public sector
Private sector
CAPITAL ACCOUNT
FINANCIAL ACCOUNT
Errors and omissions
26
2006
Other investment
gross volumes decrease
imports decrease, net value increases
Current transfers
Public sector
Private sector
CAPITAL ACCOUNT
FINANCIAL ACCOUNT
Errors and omissions
Oest er r eichische Nat ional bank
First Results: methodological effects
2005
CURRENT ACCOUNT
Austrian Balance of Payments
Methodological effects
gross volumes decrease, net value increases
CURRENT ACCOUNT
Goods
Services
Transportation
imports increase, net value decreases
gross volumes decrease, net value increases
imports increase, exports and net value decrease
Goods
Services
Transportation
of which: Passenger transport
exports decrease
of which: Passenger transport
Sea transport
Sea transport
Air transport
exports decrease
Air transport
Other transport
imports increase
Other transport
Travel
Communication services
Construction services
imports decrease, net value increases
Travel
Communication services
Construction services
Construction abroad
Construction abroad
Construction in the compiling economy
Construction in the compiling economy
Insurance services
Financial services
Computer and information services
Royalties and licence fees
Other business services
gross volumes decrease
gross volumes decrease
exports and net value increase
exports and net value increase
Insurance services
Financial services
Computer and information services
Royalties and licence fees
Other business services
Merchanting
Merchanting
Other trade related services
Other trade related services
Operational leasing services
Miscellaneous business, professional
and technical services
Operational leasing services
Miscellaneous business, professional
and technical services
Personal, cultural and recreational
services
Government services, n.i.e.
exports increase
imports increase, net value decreases
exports and net value decrease
Services not allocated
Income
Compensation of employees
Investment income
Personal, cultural and recreational
services
Government services, n.i.e.
Income
Compensation of employees
Investment income
Direct investment
Direct investment
Portfolio investment
Portfolio investment
Other investment
Current transfers
Public sector
Private sector
CAPITAL ACCOUNT
FINANCIAL ACCOUNT
Errors and omissions
27
2006
Other investment
gross volumes decrease
imports decrease, net value increases
Current transfers
Public sector
Private sector
CAPITAL ACCOUNT
FINANCIAL ACCOUNT
Errors and omissions
Oest er r eichische Nat ional bank
First Results: methodological effects
2005
CURRENT ACCOUNT
Austrian Balance of Payments
Methodological effects
gross volumes decrease, net value increases
CURRENT ACCOUNT
Goods
Services
Transportation
imports increase, net value decreases
gross volumes decrease, net value increases
imports increase, exports and net value decrease
Goods
Services
Transportation
of which: Passenger transport
exports decrease
of which: Passenger transport
Sea transport
Sea transport
Air transport
exports decrease
Air transport
Other transport
imports increase
Other transport
Travel
Communication services
Construction services
imports decrease, net value increases
Travel
Communication services
Construction services
Construction abroad
Construction abroad
Construction in the compiling economy
Construction in the compiling economy
Insurance services
Financial services
Computer and information services
Royalties and licence fees
Other business services
gross volumes decrease
gross volumes decrease
exports and net value increase
exports and net value increase
Insurance services
Financial services
Computer and information services
Royalties and licence fees
Other business services
Merchanting
Merchanting
Other trade related services
Other trade related services
Operational leasing services
Miscellaneous business, professional
and technical services
Operational leasing services
Miscellaneous business, professional
and technical services
Personal, cultural and recreational
services
Government services, n.i.e.
exports increase
imports increase, net value decreases
exports and net value decrease
Services not allocated
Income
Compensation of employees
Investment income
Personal, cultural and recreational
services
Government services, n.i.e.
Income
Compensation of employees
Investment income
Direct investment
Direct investment
Portfolio investment
Portfolio investment
Other investment
Current transfers
Public sector
Private sector
CAPITAL ACCOUNT
FINANCIAL ACCOUNT
Errors and omissions
28
2006
Other investment
gross volumes decrease
imports decrease, net value increases
Current transfers
Public sector
Private sector
CAPITAL ACCOUNT
FINANCIAL ACCOUNT
Errors and omissions
Oest er r eichische Nat ional bank
First Results: methodological effects
2005
CURRENT ACCOUNT
Austrian Balance of Payments
Methodological effects
gross volumes decrease, net value increases
CURRENT ACCOUNT
Goods
Services
Transportation
imports increase, net value decreases
gross volumes decrease, net value increases
imports increase, exports and net value decrease
Goods
Services
Transportation
of which: Passenger transport
exports decrease
of which: Passenger transport
Sea transport
Sea transport
Air transport
exports decrease
Air transport
Other transport
imports increase
Other transport
Travel
Communication services
Construction services
imports decrease, net value increases
Travel
Communication services
Construction services
Construction abroad
Construction abroad
Construction in the compiling economy
Construction in the compiling economy
Insurance services
Financial services
Computer and information services
Royalties and licence fees
Other business services
gross volumes decrease
gross volumes decrease
exports and net value increase
exports and net value increase
Insurance services
Financial services
Computer and information services
Royalties and licence fees
Other business services
Merchanting
Merchanting
Other trade related services
Other trade related services
Operational leasing services
Miscellaneous business, professional
and technical services
Operational leasing services
Miscellaneous business, professional
and technical services
Personal, cultural and recreational
services
Government services, n.i.e.
exports increase
imports increase, net value decreases
exports and net value decrease
Services not allocated
Income
Compensation of employees
Investment income
Personal, cultural and recreational
services
Government services, n.i.e.
Income
Compensation of employees
Investment income
Direct investment
Direct investment
Portfolio investment
Portfolio investment
Other investment
Current transfers
Public sector
Private sector
CAPITAL ACCOUNT
FINANCIAL ACCOUNT
Errors and omissions
29
2006
Other investment
gross volumes decrease
imports decrease, net value increases
Current transfers
Public sector
Private sector
CAPITAL ACCOUNT
FINANCIAL ACCOUNT
Errors and omissions
Oest er r eichische Nat ional bank
First Results: structural findings
Ranking
1
2
3
4
5
6
7
8
9
10
11
30
Services Classification
Other business services + s.n.a.
Travel
Transportation
Insurance services
Financial services
Construction services
Communication services
Government Services, n.i.e.
Personal, cultural and recreational services
Computer and information services
Royalties and licence fees
2003-2005
Credit
Ranking
36,0%
1
31,4%
2
19,1%
3
3,8%
4
2,6%
5
2,3%
6
1,7%
7
1,6%
8
0,7%
9
0,6%
10
0,4%
11
Services Classification
2006
Credit
Travel
Other business services
Transportation
Communication services
Construction services
Insurance services
Computer and information services
Financial services
Government Services, n.i.e.
Royalties and licence fees
Personal, cultural and recreational services
36,8%
26,0%
22,8%
3,0%
2,6%
2,4%
2,2%
1,7%
1,1%
0,9%
0,5%
Oest er r eichische Nat ional bank
First Results: structural findings
Ranking
1
2
3
4
5
6
7
8
9
10
11
31
Services Classification
Other business services + s.n.a.
Travel
Transportation
Insurance services
Financial services
Construction services
Communication services
Government Services, n.i.e.
Personal, cultural and recreational services
Computer and information services
Royalties and licence fees
2003-2005
Credit
Ranking
36,0%
1
31,4%
2
19,1%
3
3,8%
4
2,6%
5
2,3%
6
1,7%
7
1,6%
8
0,7%
9
0,6%
10
0,4%
11
Services Classification
2006
Credit
Travel
Other business services
Transportation
Communication services
Construction services
Insurance services
Computer and information services
Financial services
Government Services, n.i.e.
Royalties and licence fees
Personal, cultural and recreational services
36,8%
26,0%
22,8%
3,0%
2,6%
2,4%
2,2%
1,7%
1,1%
0,9%
0,5%
Oest er r eichische Nat ional bank
First Results: structural findings
Ranking
1
2
3
4
5
6
7
8
9
10
11
32
Services Classification
Other business services + s.n.a.
Travel
Transportation
Insurance services
Financial services
Construction services
Communication services
Government Services, n.i.e.
Personal, cultural and recreational services
Computer and information services
Royalties and licence fees
2003-2005
Credit
Ranking
36,0%
1
31,4%
2
19,1%
3
3,8%
4
2,6%
5
2,3%
6
1,7%
7
1,6%
8
0,7%
9
0,6%
10
0,4%
11
Services Classification
2006
Credit
Travel
Other business services
Transportation
Communication services
Construction services
Insurance services
Computer and information services
Financial services
Government Services, n.i.e.
Royalties and licence fees
Personal, cultural and recreational services
36,8%
26,0%
22,8%
3,0%
2,6%
2,4%
2,2%
1,7%
1,1%
0,9%
0,5%
Oest er r eichische Nat ional bank
First Results: structural findings
Ranking
1
2
3
4
5
6
7
8
9
10
11
33
Services Classification
Other business services + s.n.a.
Travel
Transportation
Insurance services
Financial services
Construction services
Communication services
Government Services, n.i.e.
Personal, cultural and recreational services
Computer and information services
Royalties and licence fees
2003-2005
Credit
Ranking
36,0%
1
31,4%
2
19,1%
3
3,8%
4
2,6%
5
2,3%
6
1,7%
7
1,6%
8
0,7%
9
0,6%
10
0,4%
11
Services Classification
2006
Credit
Travel
Other business services
Transportation
Communication services
Construction services
Insurance services
Computer and information services
Financial services
Government Services, n.i.e.
Royalties and licence fees
Personal, cultural and recreational services
36,8%
26,0%
22,8%
3,0%
2,6%
2,4%
2,2%
1,7%
1,1%
0,9%
0,5%
Oest er r eichische Nat ional bank
First Results: structural findings
Ranking
1
2
3
4
5
6
7
8
9
10
11
34
Services Classification
Other business services + s.n.a.
Travel
Transportation
Insurance services
Financial services
Construction services
Communication services
Government Services, n.i.e.
Personal, cultural and recreational services
Computer and information services
Royalties and licence fees
2003-2005
Credit
Ranking
36,0%
1
31,4%
2
19,1%
3
3,8%
4
2,6%
5
2,3%
6
1,7%
7
1,6%
8
0,7%
9
0,6%
10
0,4%
11
Services Classification
2006
Credit
Travel
Other business services
Transportation
Communication services
Construction services
Insurance services
Computer and information services
Financial services
Government Services, n.i.e.
Royalties and licence fees
Personal, cultural and recreational services
36,8%
26,0%
22,8%
3,0%
2,6%
2,4%
2,2%
1,7%
1,1%
0,9%
0,5%
Oest er r eichische Nat ional bank
First Results: structural findings
Ranking
1
2
3
4
5
6
7
8
9
10
11
35
Services Classification
Other business services + s.n.a.
Travel
Transportation
Insurance services
Financial services
Construction services
Communication services
Government Services, n.i.e.
Personal, cultural and recreational services
Computer and information services
Royalties and licence fees
2003-2005
Credit
Ranking
36,0%
1
31,4%
2
19,1%
3
3,8%
4
2,6%
5
2,3%
6
1,7%
7
1,6%
8
0,7%
9
0,6%
10
0,4%
11
Services Classification
2006
Credit
Travel
Other business services
Transportation
Communication services
Construction services
Insurance services
Computer and information services
Financial services
Government Services, n.i.e.
Royalties and licence fees
Personal, cultural and recreational services
36,8%
26,0%
22,8%
3,0%
2,6%
2,4%
2,2%
1,7%
1,1%
0,9%
0,5%
Oest er r eichische Nat ional bank
•
A new balance of payments system: motivation and concepts
•
Cooperation with Statistics Austria
•
New survey on trade in services
•
First results
•
Future Outlook
36
Oest er r eichische Nat ional bank
Future outlook
•
Step wise recalculation of historic data back to 1995 (forthcoming year end 2007)
•
Revision of the reporting population for the survey on trade in services
– Recurrent concentration survey on the basis of Austria‘s structural business survey
– Cooperation with the Statistics Department of the Austrian Chamber of Commerce
•
Step wise realization of FATS
•
Connection of trade in services data with structural business statistics
•
Survey among households on imports of services
37