2024 benchmark revision of the balance of payments and international investment position of the Spanish Economy

2024 benchmark revision of the balance of payments and international investment position of the Spanish Economy

Series: Statistical Notes. 20.

Author: Balance of Payments and Financial Accounts Division. Statistics Department.

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2024 benchmark revision of the balance of payments and international investment position of the Spanish Economy (412 KB)

Abstract

This statistical note describes the main reasons behind, and the impact of, the benchmark revision of the balance of payments and the international investment position. This benchmark revision was published by the Banco de España on 23 September 2024, coinciding with the release of the data for 2024 Q2. The revision has a limited impact on the time series: the levels of net lending/net borrowing and the net international investment position are barely changed, while their profiles remain unaltered. However, in certain cases some impact can be observed, the deeper we dive into these statistics. Benchmark revisions take place in Europe every five years and are coordinated internationally and across statistical domains (financial and non-financial national accounts and balance of payments/international investment position).

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