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Microdata based BOP data quality managementZsuzsanna Susan Feet, Peter BNEI (MNB)Workshop on Integrated management of Microdatabases 20/22 June 2013 Porto Hungarian Central Statistical OfficeOutline
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Micro data based BOP stands for Balance of Payments, and it is a statistical statement that provides a systematic summary of the economic transactions of an economy with the rest of the world during a specific time period.
Governments, central banks, and other relevant institutions are responsible for compiling and reporting the balance of payments data.
Micro data based BOP is typically filled out using data collected from various sources such as trade statistics, financial transactions, and surveys conducted by relevant authorities.
The main purpose of micro data based BOP is to provide policymakers, economists, and other stakeholders with a comprehensive understanding of an economy's international transactions and its impact on the overall economic health.
Information such as exports and imports of goods and services, financial transactions, investments, and transfers between residents and non-residents must be reported on micro data based BOP.
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