Note on the Balance of Payments data revisions for 2004-2019
Narodowy Bank Polski hereby informs that on 30 September 2020 will release revised balance of payments data for 2004-2019 and international investment position data for 2010-2019. This is a regular benchmark revision carried out at several year’s interval, incorporating changes in long time series.
Entire time series are being regularly adjusted in order to obtain consistency and comparability of published data. Timing of the revision has been specified in the Harmonized European Revision Policy (HERP) recommended by the European Commission, which is being implemented by National Central Banks and National Statistical Institutes. HERP requires that national revision practices are aligned across statistical domains, therefore in Poland a parallel national accounts revision has been scheduled for October 2020.
The revision encompasses introducing new data sources, updating existing ones as well as improving compilation methods. The harmonized policy applies to the full range of annual, quarterly and monthly balance of payments data.