New table included in the Balance of Payments and International Investment Position, with information on direct investment according to the directional principle by ultimate investing economy. Geographical detail in workers' remittances debits is broaden
Chapter 17. Balance of payments and international investment position
A new table has been included, complementing the information already published about the Foreign direct investment according to directional principle, adding the breakdown by ultimate investor economy (table 17.44b). Table 17.44 is renamed to 17.44a, referring to the geographical detail by immediate investor economy. A statistical note will be released soon explaining the relevance of this breakdown in the characterization of this type of investment and the applied methodology.
Additionally, more detail on the geographical breakdown of workers’ remittances payments is provided, adding to the information by country (main counterparts) the breakdown by areas (continents and EU area) (Table 17.6a).
Finally, in table 17.27a, Portfolio investment data has been eliminated because the available geographical breakdown of liabilities is compiled on the basis of the first non-resident counterpart country, which is not necessarily the same as the final holder of the titles. The evolution of the data had therefore little analytical meaning, as variations could be due to changes in the immediate custodian and not of the final holder. The distribution of the holder countries of Spanish liabilities can be consulted in the IMF’s Coordinated Portfolio Investment Survey (CPIS), table 8