Manual on Statistics of International Trade in Services

Services Transactions Between Residents and Non-residents
A. Introduction 
3.1. 
The present chapter describes in detail the 
measurement of international trade in services in the 
conventional balance of payments sense of transactions 
between residents and non-residents of an economy. It 
sets out the principles underlying the recording of such 
trade. It discusses the concept of residence and its 
practical application, valuation of transactions, and other 
principles relating to recording of transactions. It then 
describes the Extended Balance of Payments Services 
Classification, the treatment of transactions between 
related parties, and the recording of trade by trading 
partner. Allocation by mode of supply is discussed, as is 
the treatment of repairs. Finally, it describes each of the 
components of EBOPS. A further detailed elaboration of 
EBOPS components through the presentation of a 
correspondence with CPC, Version 1.0 is set out in 
annex III.
B. Principles of recording 
3.2. The principles for the measurement of services 
transactions between residents and non-residents in the 
present 
Manual
are the same as those prescribed in 
BPM5 and the 1993 SNA. This is to ensure that 
compilers may make use of the same data sources as for 
compiling balance of payments statistics and that 
statistics on international trade in services are compiled 
on a basis consistent with that of other macroeconomic 
statistics. This is important both within each country’s 
statistical system and also for purposes of international 
comparability. The main principles for recording these 
transactions are described below, and if more detailed 
guidance is needed, it may be obtained from BPM5 and 
its companion volumes, the IMF 
Balance of Payments 
Textbook
and the IMF 
Balance of Payments Compilation 
Guide
.
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