Balance of payments - Animated video podcast (YouTube)

http://www.youtube.com/watch?v=Pbj9auFz9Ck

 The animated video with commentary shows:

• What is included within Balance of Payments before focusing on the current account

• It then shows the credits and debits within the current account from 1955 onwards before showing the surplus or deficits in each year

• Finally it shows the different contributions to the current deficit in 2010

Source: Office for National Statistics

Background notes

1. Details of the policy governing the release of new data are available by visiting www.statisticsauthority.gov.uk/assessment/code-of-practice/index.html or from the Media Relations Office email: media.relations@ons.gsi.gov.uk

   The United Kingdom Statistics Authority has designated these statistics as National Statistics, in accordance with the Statistics and Registration Service Act 2007 and signifying compliance with the Code of Practice for Official Statistics.

   Designation can be broadly interpreted to mean that the statistics:

   • meet identified user needs;
   • are well explained and readily accessible;
   • are produced according to sound methods; and
   • are managed impartially and objectively in the public interest.

   Once statistics have been designated as National Statistics it is a statutory requirement that the Code of Practice shall continue to be observed.