Contents -- Foreword -- Preface -- CONCEPTUAL FRAMEWORK -- I. Introduction -- Purposes of the Balance of Payments Manual -- Changes from the Fourth Edition -- Uses of Balance of Payments and International Investment Position Data -- Structure of the Manual -- II. Conceptual Framework of the Balance of Payments and International Investment Position -- Definitions -- Principles and Concepts -- Double-entry System -- Concepts of Economic Territory, Residence, and Center of Economic Interest -- Principles for Valuation and Time of Recording -- Concept and Types of Transactions -- Changes Other Than Transactions -- III. Balance of Payments and National Accounts -- Introduction -- Relationship Between the SNA and Principles Underlying the Balance of Payments -- Classification -- Integrated Economic Accounts -- IV. Resident Units of an Economy -- Concept and Definition of Residence -- Economic Territory of a Country -- Center of Economic Interest -- Resident Institutional Units -- Residence of Households and Individuals -- Residence of Enterprises -- Residence of Nonprofit Institutions -- General Government -- Regional Central Banks -- V. Valuation of Transactions and of Stocks of Assets and Liabilities -- Concept of Market Price -- Transactions and Market Price -- Valuing Transactions in the Absence of Market Price -- Market Price Equivalents -- Affiliated Enterprises -- Noncommercial Transactions -- Financial Items -- Valuation of Stocks of Assets and Liabilities -- VI. Time of Recording -- Principle of Timing -- Application to Goods -- Exceptions to the Change of Ownership Principle -- Applications to Other Transactions -- Other Timing Adjustments -- VII. Unit of Account and Conversion -- Unit of Account -- Conversion Principles and Practices -- Multiple Official Exchange Rates and Conversion -- Black or Parallel Market Rates.

STRUCTURE AND CLASSIFICATION -- VIII. Classification and Standard Components of the Balance of Payments -- Structure and Classification -- Standard Components -- Net Errors and Omissions -- Major Classifications -- Detailed Classifications -- Balance of Payments: Standard Components Table -- Selected Supplementary Information Table -- IX. Structure and Characteristics of the Current Account -- Characteristics and Classification -- Gross Recording, Valuation, and Time of Recording -- X. Goods -- Coverage and Principles -- Definitions -- Change of Ownership -- Goods Classified Under Other Categories -- Special Types of Goods -- Time of Recording -- Valuation -- XI. Transportation -- Definition and Coverage -- Passenger Services -- Freight Services and Conventions for Recording -- Rentals of Transportation Equipment with Crew -- Supporting and Auxiliary Services -- XII. Travel -- Nature of Travel Services -- Definition -- Types of Travel -- Goods and Services Covered -- XIII. Other Services -- Coverage -- Definitions -- XIV. Income -- Coverage -- Definition and Classification -- Time of Recording of Investment Income -- Measurement and Recording of Direct Investment Earnings -- Stock Dividends, Bonus Shares, and Liquidating Dividends -- XV. Current Transfers -- Definition and Coverage -- Distinction Between Current and Capital Transfers -- Classification -- Valuation and Timing -- XVI. Structure and Characteristics of the Capital and Financial Account -- Coverage -- Capital Account -- Financial Account -- Liabilities Constituting Foreign Authorities' Reserves -- Valuation and Timing -- XVII. Capital Transfers and Acquisition or Disposal of Nonproduced, Nonfinancial Assets -- Coverage -- Capital Transfers -- Classification -- Acquisition or Disposal of Nonproduced, Nonfinancial Assets -- XVIII. Direct Investment -- Concept and Characteristics.

Direct Investment Enterprises -- Direct Investors -- Direct Investment Capital -- Extent of Net Recording -- Valuation of Flows and Stocks -- Other Special Cases of Direct Investment Enterprises -- Selected Supplementary Information -- XIX. Portfolio Investment -- Coverage -- Classification and Definitions -- Selected Recording Issues -- Valuation -- XX. Other Investment -- Coverage -- Classification -- Definitions and Recording -- XXI. Reserve Assets -- Concept and Coverage -- Identification of Reserve Assets -- Exclusion of Valuation Changes and Other Adjustments -- Classification -- Valuation -- Interpretation of Changes in Reserve Assets -- XXII. Supplementary Financial Account Information -- Coverage -- Liabilities Constituting Foreign Authorities' Reserves -- Exceptional Financing and the Balance of Payments -- Balance of Payments Accounting for Selected Exceptional Financing Transactions -- Foreign Sources of Financing -- XXIII. International Investment Position -- Concept and Coverage -- Classification -- Valuation of Components -- Relationship of the International Investment Position to External Debt -- Investment Income, Rates of Return, and the International Investment Position -- International Investment Position: Standard Components Table -- REGIONAL ALLOCATION -- XXIV. Regional Statements -- Regional Allocation Principles -- Problems and Limitations -- Analytical Implications -- Selection of Regions -- APPENDICES -- I. Relationship of the Rest of the World Account to the Balance of Payments Accounts and the International Investment Position -- II. A Note on Sectors -- III. Balance of Payments Classification of International Services and the Central Product Classification -- IV. Accounting for Exceptional Financing Transactions -- V. Selected Issues in Balance of Payments Analysis -- INDEX -- A -- B -- C -- D -- E -- F -- G -- H -- I.

J -- L -- M -- N -- O -- P -- Q -- R -- S -- T -- U -- V -- W -- Z.