K. Summary of recommendations 3.160.
The main recommendations of the present
chapter for compiling statistics on transactions between
residents and non-residents of an economy can be
summarized as follows:
1. The BPM5 recommendations on the principles of
recording (residence, valuation, time of recording,
currency of recording and conversion) should be
followed.
2. Data on services transactions between residents
and non-residents of an economy should be
compiled according to EBOPS. Of highest priority
is the compilation of data at the level of BPM5;
this should be followed by the introduction of the
EBOPS level of detail, but taking into account the
data requirements in individual compiling
economies. Of less immediate priority is the
compilation of data on EBOPS memorandum
items.
3. Data should be compiled on an individual trading
