Provides a comprehensive description of the concepts and structure of the Australian balance of payments and international investment position statistics compiled under new international statistical standards and of the data sources and methods used to compile these statistics. Explains what the statistics measure, how they relate to other economic series, how they are produced, where they are published and describes the factors influencing their accuracy and reliability. Provides background information that will assist users in analysing and interpreting the statistics and identifies emerging issues in this field of statistics.