Revision of Switzerland's balance of payments and international investment position
In 2014, the balance of payments and international investment position will be aligned with the IMF's Balance of Payments and International Investment Position Manual, Sixth Edition (BPM6, www.imf.org). The SNB's Q1 2014 balance of payments and international investment position will be published according to the new standard for the first time; in conjunction with the changeover to BPM6, the results of the new current account surveys will also be published for the first time. The introduction of the new balance of payments standard is part of a comprehensive modernisation of the balance of payments and international investment position (cf. Balance of Payments 2012), which also includes meeting the requirements of the bilateral agreement on statistics between Switzerland and the EU and revising direct investment statistics in line with the OECD's new manual on direct investment statistics (Benchmark Definition of Foreign Direct Investment, BMD4,www.oecd.org). However, the latter two sets of changes will only be implemented in 2015 once the results of the new financial account surveys are available.