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New manuals 2014 Effects on trade in goods and services. Auður Ólína Svavarsdóttir Nordic meeting , Faroe Islands , 16-18 September 2014. Trade in goods. IMTS 2010 One major change :

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new manuals 2014 effects on trade in goods and services

New manuals 2014Effectsontradeingoodsandservices

Auður Ólína Svavarsdóttir

Nordicmeeting, FaroeIslands,

16-18 September 2014

trade in goods

Tradeingoods

IMTS 2010

Onemajorchange:

1.32. Bunkers, stores, ballast and dunnagethat are acquired by national aircraft and vessels outside the economic territory of the compiling country … are in the scope of IMTS 2010 for imports and should be recorded where economically or environmentally significant.

Purchaces of fuels outside IS has been collected in the trade in services questionnaire and previouslyincludedintradeinservices (!)

Otherchangeshave less impact – includein September 2015

trade in services

Tradeinservices

MSITS 2010

+ FISIM

+ Manufacturing services on physical imputs owned by others

-Merchanting

- Fuels purchased abroad by domestic ships and aircrafts

trade in goods in bop

Tradeingoodsin BOP

TradeingoodspublishedbyStatisticsIceland

+ Smuglery

Goods for processing, nochangeinownership

Returnedgoods

Non-monetarygold

= Generalmerhcandiseon a BOP basis

trade in goods in bop cont

Tradeingoodsin BOP (cont.)

Goods =

General merchandise on a BOP basis

+ Merchanting

+ Non monetary gold

response from users

Responsefromusers

Economicforecastunit at the CB

Quote:

„Wearedevastated!“

thank you questions
Thankyou!

Questions?