Commission Regulation (EC) No 707/2009 of 5 August 2009 amending Regulation (EC) No 184/2005 of the European Parliament and of the Council on Community statistics concerning balance of payments, international trade in services and foreign direct investment, as regards the update of data requirements
Date: 2009-08-05
Institutions: European Commission
Subjects: EU Member State, EU statistics, balance of payments, direct investment, foreign investment, international trade, report, service industry




L_2009204EN.01000301.xml










6.8.2009   


EN


Official Journal of the European Union


L 204/3








            COMMISSION REGULATION (EC) No 707/2009
of 5 August 2009
         
amending Regulation (EC) No 184/2005 of the European Parliament and of the Council on Community statistics concerning balance of payments, international trade in services and foreign direct investment, as regards the update of data requirements


THE COMMISSION OF THE EUROPEAN COMMUNITIES,

Having regard to the Treaty establishing the European Community,


Having regard to Regulation (EC) No 184/2005 of the European Parliament and of the Council of 12 January 2005 on Community statistics concerning balance of payments, international trade in services and foreign direct investment (1), and in particular Article 10 thereof,

Whereas:







(1)


Regulation (EC) No 184/2005 establishes a common framework for the systematic production of Community statistics on balance of payments, international trade in services and foreign direct investment.












(2)


Due to the economic and technical developments in the area of balance of payments, it is necessary to regularly update the data requirements and to adapt the level of the breakdown laid down in Regulation (EC) No 184/2005.












(3)


The adoption of Regulation (EC) No 1161/2005 of the European Parliament and of the Council of 6 July 2005 on the compilation of quarterly non-financial accounts by institutional sector (2) has resulted in a need for additional balance of payments statistics.












(4)


In order to improve the accuracy of aggregates for income and current account at the Community level, to ensure consistency between the aggregation method for Portfolio Investment Income (current account) and Portfolio Investment flows (financial account), and to ensure consistency between calculations of the European Commission (Eurostat) and those of the European Central Bank (ECB), it is necessary to introduce certain amendments of the data requirements in Table 1 ‘Balance of payments euro indicators’ and Table 2 ‘Balance of payments quarterly statistics’ of Annex I to Regulation (EC) No 184/2005.












(5)


The accession of Bulgaria and Romania to the European Union and the adoption of the euro by Slovenia, Cyprus, Malta and Slovakia require corresponding changes to be made in Table 6 ‘Geographical breakdown levels’ of Annex I to Regulation (EC) No 184/2005.












(6)


Following the adoption of Regulation (EC) No 1893/2006 of the European Parliament and of the Council of 20 December 2006 establishing the statistical classification of economic activities NACE Revision 2 and amending Council Regulation (EEC) No 3037/90 as well as certain EC Regulations on specific statistical domains (3), it is necessary to adapt the activity breakdown levels in Table 7 ‘Activity breakdown levels’ of Annex I to Regulation (EC) No 184/2005.












(7)


The measures provided for in this Regulation, are in accordance with the opinion of the Balance of Payments Committee set up by Regulation (EC) No 184/2005,





HAS ADOPTED THIS REGULATION:



Article 1
Annex I to Regulation (EC) No 184/2005 is amended as set out in the Annex to this Regulation.


Article 2
This Regulation shall enter into force on the 20th day following its publication in the Official Journal of the European Union.




This Regulation shall be binding in its entirety and directly applicable in all Member States.
Done at Brussels, 5 August 2009.


For the Commission

Joaquín ALMUNIA
            

Member of the Commission






(1)  
            OJ L 35, 8.2.2005, p. 23.

(2)  
            OJ L 191, 22.7.2005, p. 22.

(3)  
            OJ L 393, 30.12.2006, p. 1.




ANNEX
Annex I to Regulation (EC) No 184/2005 is amended as follows:






1.


Starting from the first reference period in 2009, point 1 is replaced by the following:
‘1.   Balance of payments euro indicators









BOP EUR
Euro Indicators


Deadline: t + 2 months (1)
Periodicity: Quarter
First reference period: First quarter of 2009




Credit


Debit


Net





Current Account






Goods


Extra-EU


Extra-EU


Extra-EU




Services


Extra-EU


Extra-EU


Extra-EU




Income











—


Compensation of employees






Extra-EU


Extra-EU


Extra-EU



—   Investment Income











—


Direct Investment






Extra-EU


Extra-EU


Extra-EU










—


Portfolio Investment






Extra-EU


 


World










—


Other investment






Extra-EU


Extra-EU


Extra-EU




Current transfers


Extra-EU


Extra-EU


Extra-EU














2.


Starting from the first reference period in 2009, point 2 is replaced by the following:
‘2.   Balance of payments quarterly statistics









BOP Q
Quarterly Data


Deadline: t + 3 months
Periodicity: Quarter
First reference period: first quarter of 2009




Credit


Debit


Net










I.


Current Account






World


World


World





Goods



Level 1


Level 1


Level 1





Services



Level 1


Level 1


Level 1




Transportation


Level 1


Level 1


Level 1




Travel


Level 1


Level 1


Level 1




Communications services


Level 1


Level 1


Level 1




Construction services


Level 1


Level 1


Level 1




Insurance services


Level 1


Level 1


Level 1




Financial services


Level 1


Level 1


Level 1




Computer and information services


Level 1


Level 1


Level 1




Royalties and licence fees


Level 1


Level 1


Level 1




Other business services


Level 1


Level 1


Level 1




Personal, cultural and recreational services


Level 1


Level 1


Level 1




Government services, not included elsewhere.


Level 1


Level 1


Level 1





Income



World


World


World




Compensation of employees


Level 1


Level 1


Level 1




Investment Income


World


World


World










—


Direct Investment






Level 1


Level 1


Level 1




Income on equity



 (2)




 (2)




 (2)





Dividends and distributed profits



 (2)




 (2)




 (2)





Reinvested earnings and undistributed profits



 (2)




 (2)




 (2)





Income on debt (interest)



 (2)




 (2)




 (2)











—


Portfolio Investment






Level 1


 


World




Income on equity



 (2)



 


World




Income on debt (interest)



 (2)



 


World










—


Other investment






Level 1


Level 1


Level 1




Interest BPM5 (not adjusted for FISIM)



 (2)




 (2)




 (2)





Income attributed to insurance policy holder



 (2)




 (2)




 (2)





Other



 (2)




 (2)




 (2)





Memorandum Items — income


 


 


 




Investment income — interest SNA93 (adjusted for FISIM)



 (2)



 


World




Value of FISIM



 (2)




 (2)




 (2)





Investment income — interest BPM5 (not adjusted for FISIM)



 (2)



 


World




Investment income — other than interest



 (2)



 


World





Current transfers



Level 1


Level 1


Level 1




General Government



 (2)




 (2)




 (2)





Taxes on products



 (2)




 (2)




 (2)





Other taxes on production



 (2)




 (2)




 (2)





Subsidies on products



 (2)




 (2)




 (2)





Other subsidies on production



 (2)




 (2)




 (2)





Taxes on income, wealth, etc.



 (2)




 (2)




 (2)





Social contributions



 (2)




 (2)




 (2)





Social benefits other than social transfers in kind



 (2)




 (2)




 (2)





Other current transfers of general government n.i.e.



 (2)




 (2)




 (2)





Other sectors



 (2)




 (2)




 (2)





Workers' remittances



 (2)




 (2)




 (2)





Other private transfers



 (2)




 (2)




 (2)





Taxes on products



 (2)




 (2)




 (2)





Other taxes on production



 (2)




 (2)




 (2)





Subsidies on products



 (2)




 (2)




 (2)





Other subsidies on production



 (2)




 (2)




 (2)





Taxes on income, wealth, etc.



 (2)




 (2)




 (2)





Social contributions



 (2)




 (2)




 (2)





Social benefits other than social transfers in kind



 (2)




 (2)




 (2)





Net non-life insurance premiums



 (2)




 (2)




 (2)





Non-life insurance claims



 (2)




 (2)




 (2)





Other current transfers of other sectors n.i.e.



 (2)




 (2)




 (2)





Adjustments for the change in net equity of households in pension fund reserves



 (2)




 (2)




 (2)











II.


Capital account






Level 1


Level 1


Level 1




Capital transfers



 (2)




 (2)




 (2)





Capital taxes



 (2)




 (2)




 (2)





Investment grants and other capital transfers



 (2)




 (2)




 (2)





Acquisition/disposal of non-produced, non-financial assets



 (2)




 (2)




 (2)





 


Net assets


Net liabilities


Net










III.


Financial Account






 


 


 





Direct Investment



 


 


Level 1




Abroad


 


 


Level 1










—


Equity capital






 


 


Level 1










—


Reinvested earnings






 


 


Level 1










—


Other capital






 


 


Level 1




In the reporting economy


 


 


Level 1










—


Equity capital






 


 


Level 1










—


Reinvested earnings






 


 


Level 1










—


Other capital






 


 


Level 1





Portfolio Investment



Level 1


World


 





Financial derivatives



 


 


World





Other Investment



Level 1


Level 1


Level 1




Official reserve assets


World


 


 










IV.


Net errors and omissions






 


 


World














3.


Point 6 is amended as follows:






(a)


in the table, the column ‘Level 1’ is amended as follows:






(i)


the entry ‘D3 EU-25 (Intra-EU-25)’ is replaced by the entry ‘V1 EU-27 (Intra-EU-27)’;










(ii)


the entry ‘D5 Extra-EU-25’ is replaced by the entry ‘V2 Extra-EU-27’;










(iii)


the entry ‘Z8 Extra-EU-25 non-allocated’ is replaced by the entry ‘Z8 Extra-EU-27 non allocated’;














(b)


in the table, the column ‘Level 2’ is amended as follows:






(i)


the entry ‘D3 EU-25 (Intra-EU-25)’ is replaced by the entry ‘V1 EU-27 Intra-EU-27)’;










(ii)


the entry ‘D5 Extra-EU-25’ is replaced by the entry ‘V2 Extra-EU-27’;










(iii)


the entry ‘BG Bulgaria’ is deleted;










(iv)


the entry ‘RO Romania’ is deleted;










(v)


the entry ‘Z8 Extra-EU-25 non-allocated’ is replaced by the entry ‘Z8 Extra-EU-27 non allocated’;














(c)


in the table, the column ‘Level 3’ is amended as follows:






(i)


the entry ‘CS Serbia and Montenegro’ is deleted;










(ii)


the entry ‘ME Montenegro’ is inserted after the entry ‘MD Moldova, Republic of’;










(iii)


the entry ‘RS Serbia’ is inserted after the entry ‘QA Qatar’.


















4.


Beginning with the annual transmission in 2011 point 7 is replaced by the following:
‘7.   Activity breakdown levels








Level 1


Level 2


NACE rev. 2




 



AGRICULTURE, FORESTRY AND FISHING



sec A





MINING AND QUARRYING




MINING AND QUARRYING



sec B




 


Extraction of crude petroleum, natural gas and mining support service activities


div 06, 09





MANUFACTURING




MANUFACTURING



sec C




 


Food products, beverages and tobacco products


div 10, 11, 12




 


TOTAL textiles & wood activities


div 13, 14, 16, 17, 18




 


Textiles and wearing apparel


div 13, 14




 


Wood, paper, printing and reproduction


div 16, 17, 18




Petroleum, chemicals, pharmaceutical products, rubber & plastic products


TOTAL petroleum, chemicals, pharmaceutical products, rubber & plastic products


div 19, 20, 21, 22




 


Coke and refined petroleum products


div 19




 


Chemicals and chemical products


div 20




 


Rubber and plastic products


div 22




 


TOTAL metal & machinery products


div 24, 25, 26, 28




 


Basic metals and fabricated metal products


div 24, 25




Computer, electronic and optical products


Computer, electronic and optical products


div 26




 


Machinery and equipment n.e.c.


div 28




Vehicles, other transport equipment


TOTAL vehicles & other transport equipment


div 29, 30




 


Motor vehicles, trailers and semi trailers


div 29




 


Other transport equipment


div 30




 


TOTAL of other manufacturing


div 15, 23, 27, 31, 32, 33





ELECTRICITY, GAS, STEAM AND AIR CONDITIONING SUPPLY




ELECTRICITY, GAS, STEAM AND AIR CONDITIONING SUPPLY



sec D





WATER SUPPLY; SEWERAGE, WASTE MANAGEMENT AND REMEDIATION ACTIVITIES




WATER SUPPLY; SEWERAGE, WASTE MANAGEMENT AND REMEDIATION ACTIVITIES



sec E




 


Water collection, treatment and supply


div 36




 


Sewerage, waste management, remediation activities


div 37, 38, 39





CONSTRUCTION




CONSTRUCTION



sec F





TOTAL SERVICES




TOTAL SERVICES



sec G, H, I, J, K, L, M, N O, P, Q, R, S, T, U





WHOLESALE AND RETAIL TRADE; REPAIR OF MOTOR VEHICLES AND MOTORCYCLES




WHOLESALE AND RETAIL TRADE; REPAIR OF MOTOR VEHICLES AND MOTORCYCLES



sec G




 


Wholesale and retail trade and repair of motor vehicles and motorcycles


div 45




 


Wholesale trade, except of motor vehicles and motorcycles


div 46




 


Retail trade, except of motor vehicles and motorcycles


div 47





TRANSPORTATION AND STORAGE




TRANSPORTATION AND STORAGE



sec H




 


TOTAL transport and storage


div 49, 50, 51, 52




 


Land transport and transport via pipelines


div 49




 


Water transport


div 50




 


Air transport


div 51




 


Warehousing and support activities for transportation


div 52




 


Postal and courier activities


div 53





ACCOMMODATION AND FOOD SERVICE ACTIVITIES




ACCOMMODATION AND FOOD SERVICE ACTIVITIES



sec I





INFORMATION AND COMMUNICATION




INFORMATION AND COMMUNICATION



sec J




 


Motion picture, video, television programme production, other entertainment activities


div 59, 60




 


Telecommunications


div 61




 


Other information and communication activities


div 58, 62, 63





FINANCIAL AND INSURANCE ACTIVITIES




FINANCIAL AND INSURANCE ACTIVITIES



sec K




 


Financial intermediation, except insurance and pension funding


div 64




 


Activities of holding companies


group 64,2




 


Insurance, reinsurance and pension funding, except compulsory social security


div 65




 


Other financial activities


div 66




 



REAL ESTATE ACTIVITIES



sec L





PROFESSIONAL, SCIENTIFIC AND TECHNICAL ACTIVITIES




PROFESSIONAL, SCIENTIFIC AND TECHNICAL ACTIVITIES



sec M




 


Legal and accounting activities


div 69




 


Legal activities


group 69,1




 


Accounting, bookkeeping and auditing activities; tax consultancy


group 69,2




 


Activities of head offices; management consultancy activities


div 70




 


Activities of head offices


group 70,1




 


Management consultancy activities


group 70,2




 


Architecture and engineering activities; technical testing and analysis


div 71




Scientific Research and development


Scientific Research and development


div 72




 


Advertising and market research


div 73




 


Advertising


group 73,1




 


Market research and public opinion polling


group 73,2




 


Other professional, scientific and technical activities, veterinary activities


div 74, 75




 



ADMINISTRATIVE AND SUPPORT SERVICE ACTIVITIES



sec N




 


Rental and leasing activities


div 77




 


Other administrative and support service activities


div 78, 79, 80, 81, 82




 



EDUCATION



sec P




 



HUMAN HEALTH AND SOCIAL WORK ACTIVITIES



sec Q





ARTS, ENTERTAINMENT AND RECREATION




ARTS, ENTERTAINMENT AND RECREATION



sec R




 


Creative, arts and entertainment activities


div 90




 


Libraries, archives, museums and other cultural activities


div 91




 


Sporting and other recreational activities; gambling and betting activities


div 92, 93




 



OTHER SERVICE ACTIVITIES



sec S




 


Activities of membership organizations


div 94




 


Repair of computers and personal and household goods, other personal service activities


div 95, 96




 



Not allocated



 




 



Private purchases and sales of real estate’


 










(1)  







t


=


reference period (year or quarter).’





(2)  World, Intra-EU, Extra-EU, Intra-Euro Area, Extra-Euro Area, EU Institutions.’