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Modernizing BEA’s International Economic Accounts

The latest information on BEA’s efforts to modernize and enhance the International Economic Accounts.

Comprehensive Restructuring of the International Economic Accounts

BEA introduced a new presentation of the International Transactions Accounts (ITAs) on June 18, 2014, a new presentation of the International Investment Position (IIP) accounts on June 30, 2014, and a new presentation of International Services on October 17, 2014. These new presentations reflect a comprehensive restructuring of the international economic accounts that enhances the quality and usefulness of the accounts and brings the accounts into closer alignment with international guidelines. Additional information on the restructuring was published in the article “The Comprehensive Restructuring of the International Economic Accounts: Changes in Definitions, Classifications, and Presentations,Survey of Current Business, March 2014. Detailed discussions of the ITAs and the IIP accounts, including revisions to the statistics, were published in the articles “Comprehensive Restructuring and Annual Revision of the U.S. International Transactions Accounts” and “The U.S. Net International Investment Position at the End of the First Quarter of 2014, Year 2013, and Annual Revisions,” Survey of Current Business, July 2014. A detailed discussion of International Services, including revisions to the statistics, was published in the article “U.S. International Services: Trade in Services in 2013 and Services Supplied Through Affiliates in 2012”, Survey of Current Business, October 2014.

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Information on BEA’s plans to implement new international statistical standards and other improvements.

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