The Data: Coverage, Periodicity, and Timeliness

Coverage characteristics

International investment position is a statistical report reflecting, at a certain point in time, the value of external financial assets and liabilities of residents of the Republic of Kazakhstan. The international investment position of the Republic of Kazakhstan reflects changes that have occurred during the reporting period as a result of financial transactions, revaluation and other changes.
The international investment position covers all foreign financial assets of residents and liabilities to non-residents.
The methodological basis for compiling an international investment position is the sixth edition of the International Monetary Fund's Guide to Balance of Payments and International Investment Position (BPM6), 2009.

The standard components of financial assets and liabilities at the reporting date include the following classifications:
– by functional categories - direct investments, portfolio investments, financial derivatives and stock options for employees, other investments, reserve assets;
– for financial instruments - capital instruments and shares of investment funds, debt instruments (cash and deposits, debt securities, loans and borrowings, insurance, retirement and standard guarantee programs, special drawing rights, trade loans and advances, other claims / obligations);
– by institutional sector - the central bank, banks, government, other sectors, which are divided into two subsectors - other financial institutions and non-financial institutions, households and non-profit institutions serving households (NPISH);
– by maturity (for debt instruments) - short-term (with an original maturity of one year or less) and long-term (with an original maturity of more than one year).
Information sources for the formation of the international investment position are:
– 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 National Bank, reports of external managers and the global custodian on the assets of the National Fund;
– estimations of the National Bank based on the financial statements of the respondents and other sources of information.

The data is generated in US dollars.

Periodicity

Timeliness

Public availability

Advance Release 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 international investment position is governed by:

• Law of the Republic of Kazakhstan dated March 30, 1995 №2155 “On the National Bank of the Republic of Kazakhstan”. 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 №71 "On the development of the balance of payments of the Republic of Kazakhstan."
According to this decree, the National Bank 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 respondents.
• The Law of the Republic of Kazakhstan dated March 19, 2010 №257-IV "On State Statistics".
According to the Law, primary statistical data are confidential and used by state statistics bodies solely for the production of statistical information. The 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 №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.

Balance of Payments Department of the National Bank of the Republic of Kazakhstan is responsible for drawing up the international investment position.

Quality

The National Bank disseminates the international investment position in presentations with varying degrees of data detail:
– standard components;
– by sectors of the economy;
– reconciliation of flows, stocks and income.
In addition, on a quarterly basis, the National Bank's website contains tables on the international investment position by types of economic activities of residents, the geographical structure of assets and liabilities, cross tables on external liabilities of residents of Kazakhstan: by types of economic activities and main countries, by 10 countries - large investors and by type of economic activity, as well as tables on direct investment by direction of investment.

The indicators of the international investment position are interconnected with the statistics of the balance of payments, international reserves, external debt, the system of national accounts:
– balance of payments: 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: the data are in full compliance;
– external debt: data on external debt are in full compliance with the obligations on debt instruments, excluding derivatives, from the international investment position;
– system of national accounts: the data of the international investment position is fully consistent with the financial account and the balance sheets of financial assets and liabilities of the SNA.

Data on international investment position are published in the official publication of the NBRK “Balance of Payments and External Debt of the Republic of Kazakhstan” (quarterly).