Balance of payments and International investment position series are updated with the new composition of OECD countries, and series with little analytical content are removed
Chapter 17. Balance of payments and international investment position
The composition of the Organisation for Economic Cooperation and Development (OECD) has been updated due to the inclusion of Costa Rica as a new OECD member (Tables 17.4b, 17.3a, 17.16, 17.22a, 17.27a, 17.44a, 17.44b and 17.45 of the Statistical Bulletin).
In Table 17.16, the columns corresponding to portfolio investment liabilities have been removed because the available geographical breakdown of liabilities is based on the country of the first non-resident counterpart (which is not necessarily the same as the ultimate holder of the securities). In some cases, this geographical breakdown is not even available in the data sources, leaving the information undetermined. As a result, the changes in the data previously published had little analytical value.