Category: Other producers of official statistics
Area: ONAs
Survey / data collection: International investment position (IIP)

MONSTAT metadata
Reference metadata
  1. Contact
  2. Metadata update
  3. Statistical presentation
  4. Unit of measure
  5. Reference period
  6. Institutional mandate
  7. Confidentiality
  8. Release policy
  9. Frequency of dissemination
10. Accessibility and clarity
11. Quality management
12. Relevance
13. Accuracy and reliability
14. Timeliness and punctuality
15. Coherence and Comparability
17. Data revision
18. Statistical processing
19. Comment

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:22 October 2020
2.3. Metadata last update:

                                                                                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:Main classifications used for this survey are contained in BPM6 methodology (link: https://www.imf.org/external/pubs/ft/bop/2007/pdf/bpm6.pdf) and External debt guide (https://www.imf.org/external/pubs/ft/eds/Eng/Guide/). International investment position of Montenegro is compiled on the basis of the IMF`s Balance of Payments and International Investment Position Manual, sixth edition - BPM61, as well as the EU regulations on Community statistics concerning balance of payments, international trade in services and foreign direct investment (Regulation (EC) no. 184/2005 and Commission Regulation (EU) 555/2012).
3.3. Sector coverage: In order to compile the IIP, the CBCG uses: - 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, IMF), and estimates.
3.4. Statistical concepts and
       definitions:		In accordance with international standards - Balance of Payments and International Investment Position Manual (BPM6).
3.5. Statistical unit:All individuals, enterprises, government and other institutions providing the data on transactions between residents and non-residents during a certain period for certain country. Rezidence is defined in line with the BPM6 methodology and imply legal person or institution whose focus of economic interest is in Montenegro.
3.6. Statistical population:Residents who have transactions with non-residents in accordance with BPM6.
3.7. Reference area:
3.8. Time coverage:Annual data 2016
3.9. Base period:Attn.

                                                                                      4. Unit of measure                                                                        Top
EUR (thousands)

                                                                                     5. Reference period                                                                       Top
Annual data

                                                                                  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 from 30.03.2012), Law on Central Bank of Montenegro (Official Gazette of Montenegro No 40/10, 46/10, 6/13) 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, br.62/08,62/13), Decision on Keeping Record on Current and Capital Affairs with Abroad and Data Submission on These Affairs (Official Gazette of Montenegro No 8/2017 from 03.02.2017), 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: 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:Eurostat and IMF (data are sent at the annual level)

                                                                                        7. Confidentiality                                                                          Top
7.1. Confidentiality - policy:Pursuant to the Law on Official Statistics and Statistical System (OGM 18/12) Central bank of Montenegro is a compiler of statistics on international investment position for Montenegro. Data collection and compilation is in accordance with the Law on the Central Bank of Montenegro (OGM 40/10, 46/10, 6/13, 70/17), the Law on Foreign Current and Capital Operations (OGRM 45/05, and OGM 62/08, 40/11, 62/13, 70/17) and the Decision on keeping separate records on foreign current and capital transactions and their reporting to the Central Bank of Montenegro (OGM 8/17, 18/19).
7.2. Confidentiality - data
        treatment:		Data aggregation so that confidential data are not revealed.

                                                                                        8. Release policy                                                                         Top
8.1. Release calendar:According to the calendar, publishing data on the CBM website: September 30, 2020 (data 2020)
8.2. Release calendar - access:http://www.monstat.org/cg/page.php?id=12&pageid=13
8.3. User access:The data can be accessed at the website of Central Bank

                                                                            9. Frequency of dissemination                                                             Top
Annual

                                                                                  10. Accessibility and clarity                                                                Top
10.1. News release:Attn.
10.2. Publications:The data are published quarterly and annual report of Central Bank (http://www.cbcg.me/).
10.3. Online database:Attn.
10.4. Micro-data access:Data is only shared on aggregate level.
10.5. Other:Data dissemination within the improved General Data Dissemination System eGDDS established by the IMF (eGDDS), link: http://www.monstat.org/NSDP/National%20Summary%20Data%20Page%20(NSDP).htm

10.6. Documentation on methodology:
          domain:		Attn.
10.7. Quality documentation:Law on Official Statistics and the System of Official Statistics (Official Gazette of Montenegro No. 18/12) 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 work procedures of the sector are also defined

                                                                                  11. Quality management                                                                 Top
11.1. Quality assurance:The quality is ensured by the use of statistical concepts presented in the BPM6 methodology
11.2. Quality assesment:Attn.

                                                                                        12. Relevance                                                                              Top
12.1. User needs:National beneficiaries: Ministries and other public administration bodies, Monstat, non-governmental organizations, students, researchers, media. International beneficiaries: Eurostat, IMF, World Bank, UN organizations, CEFTA, foreign embassies.
12.2. User satisfaction:Attn.
12.3. Completeness:EUROSTAT -data for quarterly IIP

                                                                                  13. Accuracy and reliability                                                              Top
13.1. Overall accuracy:Attn.
13.2. Sampling error:Attn.
13.3. Non-sampling error:Attn.

                                                                              14. Timeliness and punctuality                                                          Top
14.1. Timeliness:Attn.
14.2. Punctuality:The data are always published in line with the Calendar

                                                                                      15. Coherence and Comparability                                                                          Top
15.1. Comparability -
          geographical:		The data are comparable with international documents and methodology
15.2. Comparability over time:n.r.

15.3. Coherence - cross
          domain:		The data are comparable with international documents and methodology
15.4. Coherence - internal:n.r.

                                                                                        17. Data revision                                                                          Top
17.1. Data revision - policy:Data revision is done for current and previous year.
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:A large number of data sources are used to compile the International Investment Position. The most important sources are: 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, IMF) and estimates.
18.2. Frequency of data
          collection:		The data are annually collected up to 2017, and from 2017 at the quarterly level.
18.3. Data collection:Methods for data collections are: 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, IMF) and estimates.
18.6. Adjustment:Attn.

 

                                                                                           19. Comment                                                                             Top
Attn.
.