Press Release – IMF and the Statistical Community Release New Global Standards for Macroeconomic Statistics

IMF News, March 20, 2025

Source details

Canonical URL: Press Release – IMF and the Statistical Community Release New Global Standards for Macroeconomic Statistics

BPM7 provides updated global standards for compiling external sector statistics, including balance of payments and integrated international investment position.
The Manual highlights key changes in the global economy since the last update in 2009, including:
- increasing economic interconnectedness
- digitalization
- innovations in financial markets

BPM7 is the culmination of several years of work by the IMF Statistics Department in consultation with the IMF Committee on Balance of Payments Statistics (BOPCOM).
Development was supported by the global balance of payments (BOP) community of statisticians and users.
BPM7 serves as a key framework guiding member countries in preparing internationally comparable statistics and producing high-quality data that reflects economic realities.

The release of BPM7 coincides with the release of the updated System of National Accounts, 2025 (2025 SNA), which was adopted by the United Nations Statistical Commission on March 5, 2025.
- Reference: https://unstats.un.org/unsd/nationalaccount/sna2025.asp
Related manuals to be revised in the near term to maintain harmonization:
- Government Finance Statistics Manual 2014
- Monetary and Financial Statistics Manual and Compilation Guide 2016
Recommended implementation timeframe for countries: 2029–2030.
IMF commitment: The IMF will support implementation of the updated BPM7 by providing additional guidance and technical assistance.

White cover (pre-edited) version: available electronically in English.
Publication in other languages expected following release of the final version: Arabic, Chinese, French, Russian, and Spanish.

Source: IMF Press Release No. 25/072, March 20, 2025