External sector statistics
Bank of Albania compiles external sector statistics, including the balance of payments, external debt, international investment position and international reserves. The balance of payments of Albania is compiled according to a methodology which is based on the “Balance of Payments and International Investment Position Manual, IMF, Sixth edition (BPM6).
External sector indicators are closely connected to each other. The International Investment Position (IIP) shows all external assets and liabilities of a country at the referring period and considers the prices and exchange rates of that date, while the balance of payments shows the economic transactions conducted between residents and non-residents over a given period. The gross external debt is the total external debt of the general government and of all other institutional sectors at the end of the period.