Services receipts and payments were revised for 2006-2007 to incorporate BEA’s benchmark survey of international services for 2006 and BEA’s new quarterly follow-on surveys for 2007. Both the benchmark and quarterly surveys were redesigned to consolidate transactions with affiliated and unaffiliated parties into a single reporting system. In addition, detail by type of service activity for affiliated transactions was greatly expanded to parallel the detail available for unaffiliated transactions. The new estimates provided a complete picture of services trade by detailed type of service, which was not previously possible. Services receipts and payments were also revised for 2004-2005 to incorporate updated annual and quarterly source data for those years.
Published