| Category: |
Other producers of official statistics |
| Area: |
ONAs |
| Survey / data collection: |
International investment position (IIP) |
Note: For any question on metadata, please contact MONSTAT metadata support.
| 1. Contact Vrh |
| 1.1. Contact organization: |
Central Bank of Montenegro |
| 1.2. Contact organization unit: |
Sector for Financial Stability and Research and Statistics |
| 1.2. Contact organization unit: |
Bulevar Sv. Petra Cetinjskog 6, 81000 Podgorica |
| 2. Metadata update Top |
| 2.1. Metadata last certified: | |
| 2.2. Metadata last posted: | 29 December 2023 |
| 2.3. Metadata last update: | 20/9/2021 |
| 3. Statistical presentation Top |
| 3.1. Data description: | The International Investment Position (IIP) is the balance sheet of the country's external financial assets and liabilities at the end of the calendar years. |
| 3.2. Classification system: | Classification in accordance with Balance od Payments and International Investment Position Manual, sixth edition, IMF (BPM6) and EU regulations (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; Regulation (EU) No 555/2012 of 22 June 2012 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). |
| 3.3. Sector coverage: | The main sources of data are: direct reporting by residents (direct reporting of residents on FDIs and loans), statistics compiled within the CBCG (balance of payments and monetary statistics), administrative sources of data (Ministry of Finance and Social Welfare, IMF), and estimates. |
3.4. Statistical concepts and
definitions: | In accordance with international standards (BPM6) and EU regulations. |
| 3.5. Statistical unit: | Resident s sectors (CBM, banks, general government and other sectors) having debt liabilities to non-residents. |
| 3.6. Statistical population: | Residents who have transactions with non-residents in accordance with BPM6. |
| 3.7. Reference area: | Montenegro |
| 3.8. Time coverage: | Annual data from 2016 |
| 3.9. Base period: | Attn. |
| 6. Institutional mandate Top |
6.1. Legal acts and other
agreements: | National regulation: The Law on Official Statistics and Official Statistical System (Official Gazette of Montenegro No 18/12, 47/19), Law on Central Bank of Montenegro (Official Gazette of Montenegro No 40/10, 46/10, 62/13,70/17) and Law on Current and Capital Affairs with Abroad (Official Gazette of the Republic of Montenegro No 45/05 and Official Gazette of Montenegro No 62/08,62/13,70/17), Decision on Keeping Separate Record on Current and Capital Operations with Abroad and Data Submission on These Operation (Official Gazette of Montenegro No 8/2017,18/19), Decision on Statistical Data to be Submitted to the Central Bank of Montenegro for the Purpose of Compiling the Balance of Payments Statistics (Official Gazette of Montenegro No 61/12, 24/18) and the Decision on Cash Amount that Can Be Entered and Take Out from Montenegro Without Declaration (Official Gazette of Montenegro No 38/10). International regulation: Balance of Payments and International Investment Manual - BPM6, External Debt Statistics: Guide for Compilers and Users (EDS), 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; Regulation (EU) No 555/2012 of 22 June 2012 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 and definitions; Regulation (EU) 2016/1013 of the European Parliament and of the Council of 8 June 2016 amending Regulation (EC) No 184/2005 on Community statistics concerning balance of payments, international trade in services and foreign direct investment. |
| 6.2. Data sharing: | National institutions: Monstat, Ministry of Finance and Social Welfare International institutions: Eurostat, IMF |
| 7. Confidentiality Top |
| 7.1. Confidentiality - policy: | Domestic regulation: Law on Official Statistics and Official Statistical System (Official Gazette of Montenegro No 18/12,47/19), Law on Central Bank of Montenegro (Official Gazette of Montenegro No 40/10, 46/10, 6/13, 70/17) International regulation: Regulation (EC) No 223/2009 of the European Parliament and Council adopted on 11 March 2009 on the European Statistics regulates protection and transmission of confidential data in ESS and ESCB |
7.2. Confidentiality - data
treatment: | Data is available to the public in aggregate form. |
| 8. Release policy Top |
| 8.1. Release calendar: | Data are published in accordance with the date defined in the official release Calendar. The calendar is publicly available. |
| 8.2. Release calendar - access: | https://www.cbcg.me/en/statistics/release-calendar/ |
| 8.3. User access: | Data is published at the CBCG website, according to the release calendar, and available to all users at the same time. |
| 10. Accessibility and clarity Top |
| 10.1. News release: | Attn. |
| 10.2. Publications: | Quarterly/Annual Macroeconomic Report, (https://www.cbcg.me/en/publications/regular-publications) |
| 10.3. Online database: | Attn. |
| 10.4. Micro-data access: | Attn. |
| 10.5. Other: | Apart from the web site of the CBCG (https://www.cbcg.me/en/statistics/statistical/international-economic-relations/international-investment-position-of-montenegro), the data are also available at web site of National Summary Data Page (NSDP)-Montenegro, IMF (https://data.imf.org/regular.aspx?key=61545858), Eurostat (http://appsso.eurostat.ec.europa.eu/nui/show.do?dataset=bop_c6_q) |
10.6. Documentation on methodology:
domain: | CBCG website (https://www.cbcg.me/en/statistics/statistical/international-economic-relations/international-investment-position-of-montenegro) |
| 10.7. Quality documentation: | By the Law on Official Statistics and the System of Official Statistics (Official Gazette of Montenegro No. 18/12, 47/19) and the Law on the Central Bank of Montenegro ( Official Gazette of Montenegro , No. 40/10, 46/10, 6/13, 70 / 17) a commitment to quality is defined, which ensures that producers of official statistics in Montenegro work in accordance with international principles of quality of the statistical system. The operating procedures of the Department for Financial Stability, Research and Statistics. |
| 11. Quality management Top |
| 11.1. Quality assurance: | The quality is ensured by the use of international standards and statistical concepts presented in the BPM6 and EU regulations. |
| 11.2. Quality assesment: | Attn. |
| 12. Relevance Top |
| 12.1. User needs: | National users: Monstat, ministries and other institutions of public administration, researchers, media and others. International users: IMF, World bank, Eurostat, foreign embassies, researchers and other. |
| 12.2. User satisfaction: | Attn. |
| 12.3. Completeness: | Attn. |
| 15. Coherence and Comparability Top |
15.1. Comparability -
geographical: | The data comparability is ensured by applying international standards and methodology (BPM6). |
| 15.2. Comparability over time: | Time series are available and comparable from 2016 onward. |
15.3. Coherence - cross
domain: | Attn. |
| 15.4. Coherence - internal: | Attn. |
| 17. Data revision Top |
| 17.1. Data revision - policy: | Revisions are made for the current and previous years. Data are also revised ad hoc whenever addition information becomes available. In case of significant revisions, it is noted in publications with an explanation of the circumstance under which the revision is made. |
| 17.2. Data revision - practice: | There is always a note in the published tables indicating preliminary data. Additionally, the revisions are noted in publications. |
| 18. Statistical processing Top |
| 18.1. Source data: | The main data sources are: direct reporting from residents, statistics compiled within the CBM (balance of payments statistics, monetary statistics); administrative data sources (Ministry of Finance and Social Welfare, IMF) and estimations. |
18.2. Frequency of data
collection: | The data are annually collected since 2016. |
| 18.3. Data collection: | Direct reporting from residents (residents' research on foreign direct investment and foreign credit operations), statistics compiled in the CBM (balance of payments statistics, monetary statistics); administrative data sources (Ministry of Finance and Social Welfare, IMF) and estimates. |
| 18.6. Adjustment: | Attn. |
