Table Name | Latvia |
1.0 Contact Information | |
1.1 Name | Hermanis Djomkins |
1.2 Designation (Job Title) | Chief Financial Statistician |
1.3 Organization | Bank of Latvia |
1.4 Mailing Address | Kr.Valdemara iela 2A, RIGA |
1.5 Country | LATVIA |
1.6 Email | hermanis.djomkins@bank.lv |
1.7 Telephone | +371 6702 2719 |
2.0 Concepts, Definitions and Scope | |
2.1 Statistical frameworks for the compilation of external debt data | 2013 External Debt Statistics Guide/6th Edition of Balance of Payments Manual (BPM6) |
2.2 Consistency with the external debt liabilities of the International Investment Position (IIP) | Yes |
2.3 Additional Information on Concepts, Definitions and Scope | None |
3.0 Sector Classification/Coverage | |
3.1 Data coverage for General Government | Fully covered |
3.2 Data coverage for Central Bank | Fully covered |
3.3 Data coverage for Deposit-taking corporations, except the Central Bank | Fully covered |
3.4 Data coverage for Other Sectors | Fully covered |
3.5 Data coverage for Other financial corporations | Fully covered |
3.6 Data coverage for Nonfinancial corporations | Fully covered |
3.7 Data coverage for Households and nonprofit institutions serving households (NPISHs) | Broadly covered (non-coverage insignificant) |
3.8 Data coverage for Direct Investment: Intercompany lending | Fully covered |
3.9 External debt statistics presented into Public and Publicly Guar. Private Sector and Private Sector Not Publicly Guar. Debt | Yes |
3.10 External debt include both foreign currency and domestic currency denominated debt instruments held by nonresidents | Yes |
3.11 Additional comments and explanations on Sector Classification/Coverage | None |
4.0 Debt Instrument Classification/Coverage | |
4.1 Data coverage for Currency and deposits | Fully covered |
4.2 Data coverage for Debt Securities | Fully covered |
4.3 Data coverage for Loans | Fully covered |
4.4 Data coverage for Trade credit and advances | Fully covered |
4.5 Data coverage for Other debt liabilities | Fully covered |
4.6 Data coverage for Special drawing rights (allocations) | Fully covered |
4.7 Data coverage for Debt liabilities of direct investment enterprises to direct investors | Fully covered |
4.8 Data coverage for Debt liabilities of direct investors to direct investment enterprises | Fully covered |
4.9 Data coverage for Debt liabilities to fellow enterprises | Fully covered |
4.10 Arrears (including interest that accrues on arrears) reported in the same debt instrument | Yes |
4.11 Arrears separately identified in the memorandum items | No |
4.12 Classification of maturity for short-term/long-term debt instruments | Original Maturity |
4.13 Additional comments and explanations on Debt Instrument Classification/Coverage | (i) SDR allocations are included from 2013Q3. |
5.0 Valuation and Basis of Recording | |
5.1 Main valuation method for debt securities (in main table) | Market Value |
5.2 Main valuation method for debt securities (in memorandum items) | Nominal Value |
5.3 Other methods and weights used for valuation of debt securities | None |
5.4 Basis for compiling external debt statistics | Accrual Basis |
5.5 Inclusion of accrued interest costs that are not paid | Yes |
6.0 Data sources/Compiling Organizations | |
6.1 Main data source(s) for the external debt statistics | (i) Compilation of b.o.p./i.i.p. and external debt statistics is integrated into a common IT system, thus ensuring full consistency between statistical domains. The same data sources are used for the b.o.p./i.i.p. and external debt statistics compilation.
Data for the government sector are obtained from the Treasury and administrative data sources. Information on the central bank sector is derived from Latvijas Banka's balance sheet and profit and loss statement. The MFIs (excl. central bank) sector is covered by MFI statistics. Latvia’s b.o.p. data collection system is based on the surveys for the financial corporations (excl. MFI) sector and non-financial corporations and households sector. In addition, non-bank external payment data (ITRS) compiled by Latvijas Banka and data received from the Financial and Capital Market Commission are used.
(ii) There is a quarterly survey conducted by Latvijas Banka - survey on foreign assets and liabilities covering data on positions at the beginning and end of a period and changes in the relevant positions (transactions, price changes, exchange rate changes, other adjustments) for the compilation of foreign direct investment in Latvia and abroad, assets and liabilities between fellow enterprises, other investment (assets and liabilities), income flows related to foreign assets and liabilities; all items are shown in the breakdown by country; stratified simple random sampling is applied.
(iii) Data on portfolio investment covering assets and liabilities for all sectors are derived from the data on holders of securities (data reported on a security-by-security basis by securities custodians) and the ECB's Centralised Securities Database. |
6.2 Link(s) to national website where the external debt statistics are being disseminated | https://statdb.bank.lv/lb/Data.aspx?id=126 |
6.3 Link(s) to relevant metadata that currently exists and is consistent with your external debt statistics | https://www.bank.lv/images/stories/pielikumi/statistika/Apraksti/Statistikas-sagatavosanas-metodologija.pdf |
6.4 Primary agency responsible for compiling external debt statistics | Bank of Latvia and the Treasury of Latvia is responsible for compilation of Public Sector Debt, Publicly-Guaranteed Private Sector Debt and Private Sector Debt Not Publicly Guaranteed. |
6.5 Primary agency responsibile for disseminating external debt statistics | Bank of Latvia |
7.0 Periodicity and Timeliness | |
7.1 Frequency of external debt statistics compilation | Quarterly |
7.2 Frequency of external debt statistics dissemination | Quarterly |
7.3 Timeliness of the publication of the external debt statistics | T+65 |
7.4 Additional comments on Periodicity and Timeliness | None |
8.0 Revision Policy | |
8.1 Data revision policy | Regular schedule - Quarterly data up to three years back are revised when the data for the second quarter are disseminated. The revision policy is available on Latvijas Banka's website: https://www.bank.lv/en/statistics/information-for-data-users/revision-policy. |
9.0 Unit of Measure | |
9.1 Unit of Measure | Data are in USD. |
10.0 Reference Period | |
10.1 Reference Period | (i) Data are available starting from 2003Q3. (ii) Data reported by country on a 2013 EDS Guide/BPM6 basis starting from 2003Q3. |
11.0 Table Reporting | |
11.1 Table 1 - Gross External Debt Position: by Sector (Prescribed component) | Yes |
11.2 Table 2 - Gross External Debt Position: Foreign Currency and Domestic Currency Denominated Debt (Encouraged component) | Yes |
11.3 Table 3 - Debt-Service Payment Schedule for Outstanding External Debt as of End-Period: by Sector (Encouraged component) | No |
11.4 Table 4-Gross External Debt Position:Principal and Interest Payments Due in 1 Yr or less -by Sector (Encouraged component) | No |
11.5 Table 1.1 - Gross External Debt Position: Debt Securities - Reconciliation of Nominal and Market Value | Yes |
11.6 Table 1.2 - Gross External Debt Position: Other Sectors | Yes |
11.7 Table 1.3 - Gross External Debt Position: Public Sector Debt and Publicly-Guaranteed Private Sector Debt | No |
11.8 Table 1.4 - Gross External Debt Position: Arrears by Sector | No |
11.9 Table 1.5 - Net External Debt Position: by Sector | Yes |
11.10 Table 1.6 - Gross External Debt Position: Reconciliation of Positions and Flows | Yes |
11.11 Table 2.1 - Gross External Foreign Currency and Foreign-Currency-Linked Debt Position | No |
11.12 Table 3.1 - Gross External Debt Position: Short-Term Remaining Maturity - by Sector | No |
11.13 Table 3.2 - Debt-Service Payment Schedule for Outstanding External Debt as of End-Period: by Sector and Instrument | No |
12.0 Metadata Update | |
12.1 Metadata last updated | 12/14/2016 |