The Data: Coverage, Periodicity, and Timeliness

Coverage characteristics

The balance of payments is a statistical statement that summarizes transactions between residents and nonresidents during a period.
Data cover all economic transactions between residents of the
Republic of Kazakhstan and non-residents.

The sixth edition of the International Monetary Fund's “Balance of Payments and International Investment Position Manual” (BPM6), 2009 is the methodological basis for compiling the balance of payments.

A balance of Payments transaction consists of three accounts such as current account, capital account and financial account.

Current account shows flows of goods, services, primary income, and secondary income between residents and nonresidents.

The capital account includes transactions in non-produced non-
financial assets and capital transfers between residents and non-residents.

The financial account reflects the net acquisition of financial
assets and the net incurrence of liabilities between residents and non-residents.

The main sources of information for the formation of the balance of payments are:
- statistical reporting data on mutual trade with the member states of the Eurasian Economic Union and customs statistics data on trade with third countries;
- statistical and administrative reports of banks, other financial and non-financial organizations, including branches of foreign companies and government agencies, administrative reports of individuals;
- accounting data of the NBRK, reports of external managers
and the global custodian on the assets of the National Fund;
- data provided by the Bureau of National Statistics of the Agency for Strategic Planning and Reforms of the Republic of Kazakhstan, the Ministry of Finance of the Republic of Kazakhstan, as well as other ministries and departments;
- data of the Frontier Service of the National Security
Committee of the Republic of Kazakhstan;
- the National Bank's assessment of individual balance of payments transactions.

The data is generated in US dollars.

Periodicity

Timeliness

Public availability

Calendar of data
release dates

The calendar of publication of the official statistical
information of the NBRK, including on statistics of the external sector, is posted on the website of the National Bank:
https://nationalbank.kz/en/page/kalendar-rasprostraneniya-dannyh

The calendar is also available on the website of national statistics: https://stat.gov.kz/inf/standard/calendar

Credibility

Dissemination of information on the regulatory and legal conditions for the generation of statistical data, including the observance of the confidentiality of
information on individual respondents

The collection and dissemination of data on the balance of
payments is regulated by:
• Law of the Republic of Kazakhstan dated March 30,
1995 No. 2155 “On the NBRK”. According to Article 8 of the Law, the functions of the National Bank include the formation and dissemination of statistical information on the balance of payments, international investment position and external debt of the country
• Decree of the Government of the Republic of Kazakhstan
dated January 29, 1999 No. 71 "On the development of the balance of payments of the Republic of Kazakhstan". According to this resolution, the National Bank of the Republic of Kazakhstan (NBRK) is the state body responsible for the formation and publication of the balance of payments, and is empowered to collect statistical information on the balance of payments from all respondentsреспондентов.
• The Law of the Republic of Kazakhstan dated March 19,
2010 No. 257-IV "On State Statistics". According to the Law, primary statistical data are confidential and are used by state statistics bodies solely for the production of statistical information. Confidentiality of primary statistical data by state statistics bodies is ensured during their collection, processing and storage.
• The Code of the Republic of Kazakhstan on Administrative
Offenses dated July 5, 2014 No. 235-V. The Code provides for penalties for the loss, sale, transfer or other illegal disclosure of primary statistical data, statistical information and (or) databases that allow the identification of a respondent by an official of the state statistics bodies, a subordinate organization of the department of the authorized body in the field of state statistics.

The Balance of Payments Department of the NBRK is responsible for compiling the balance of payments.

Quality

The methodological commentary on the information
disseminated by the National Bank under the SDDS is available at:
https://nationalbank.kz/en/news/metodologicheskiy-kommentariy

In addition, comments, including information on data sources and methodological principles for assessing individual indicators, are published in the quarterly publication of the NBRK "Balance of Payments and External Debt of the Republic of Kazakhstan" and the it is available at:
https://nationalbank.kz/en/news/platezhnyy-balans/rubrics/1574

An analytical presentation of the balance of payments is published quarterly in the National Bank's publication “Statistical Bulletin” can be found by the address below: https://nationalbank.kz/en/news/statisticheskiy-byulleten/rubrics/1556

- standard components;
- analytical presentation;
- by sectors of the economy;
- absolute and relative parameters of the balance of payments;
- private sector financial transactions.

Furthermore, on a quarterly basis the tables containing detailed components on international trade in goods and services, personal transfers, direct investments according to balance of payments data, net incurrence of obligations according to balance of payments data by geographic and sectorial breakdown publish on the National Bank's website.

The balance of payments indicators are interconnected with the data of official statistics of trade in goods, with the system of national accounts, international investment position and statistics of international reserves:
- foreign trade in goods: the NBRK forms the item "Goods" on the basis of data from official statistics of trade in goods using a system of amendments to official statistics;
- system of National Accounts: Balance of payments data are included in the SNA as Rest of the World accounts. The financial account of the balance of payments is consistent with the SNA financial account (by sector);
- international investment position: items of the financial account of the balance of payments are fully consistent with changes due to transactions in the international investment position
- international reserves: data on transactions in the statistics of international reserves and balance of payments are in full agreement.

Balance of payments data are published in the official publications of the NBRK “Statistical Bulletin” (monthly), “Balance of Payments and External Debt of the Republic of Kazakhstan” (quarterly) and in the Annual Report of the NBRK.