Statistical Technical Notes

Revision Policy and Practice for Philippine Balance of Payments and International Investment Position Statistics

Balance of Payments (BOP)

• BOP data are compiled and disseminated on a quarterly basis with monthly breakdown. Data on all BOP components released to the public during the reference quarter are treated as preliminary, and may be revised in any quarter of the reference year. Prior year’s data may be revised coinciding with the release of the second quarter report in September of the current year and the fourth quarter report in March of the succeeding year. Historical revisions are carried out in case of significant revisions arising from the introduction of new classifications, compilation frameworks and methodologies.

International Investment Position (IIP)

• IIP data are released annually with a nine-month lag. The data on all components of the IIP are preliminary when first released. Data for the previous year may be revised and the revisions are released together with the data for the reference year. Historical revisions are carried out in case of significant revisions on the BOP data arising from the introduction of new classifications, compilation frameworks and methodologies.