As announced in the latest press releases, with the next publication of the balance of payments and the international investment position statistics (BOP/IIP) and the Financial Accounts of the Spanish Economy (FASE), a longer period than usual will be revised. This is part of the extraordinary regular revisions (benchmark revisions), which are carried out every 5 years following European-level agreements for the harmonized revision of national accounts and BOP/IIP. Although some changes may be observed in the levels of the major aggregates, this revision is not expected to have a very significant impact on the evolution shown by the key indicators. As we delve into the details of these statistics, we may notice some effect both in their levels and in their evolution. This benchmark revision will be published for the BOP/IIP on 23rd September 2024 (and the update of the annual details on 14th October 2024) and for the FASE on 9th October 2024. In the days following the quarterly publications, explanatory notes on the changes made will be available in the corresponding sections of the Banco de España’s Statistics web page.
