In BOP statistics goods, services, liabilities and assets are valued at actual market prices agreed upon by transactors. Conceptually, all assets and liabilities are valued at market prices prevailing at the specific point of time for which the international investment position relates. Changes in market prices on assets and liabilities is shown in the IIP as changes in position due to other factors than transactions, price changes, exchange rate changes, or other changes.
Imports and Exports are recorded f.o.b. (free on board), meaning that goods are valued at market prices at the customs frontier of the exporting economy, so the values do not include the cost of freight or insurance.
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