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Changes in the time series for statistics on securities, 2023-09-04

In connection with the publication of the second quarter of 2023, the Balance of Payments has implemented changes in the time series for the balance in portfolio investments for the years 2013–2018. The change is linked to the implementation of new sources from the year 2019 for statistics on securities, which was carried out in stages during 2021 and 2022.

Read more about implementation of new data sources for statistics on securities here:

New data sources for statistics on securities (scb.se)

Implementation of new data sources for statistics on securities continues (scb.se)

The change of source within portfolio investments meant a general increase in the levels of Swedish holdings in foreign portfolio investments as well as in foreign holdings of Swedish debt securities, as the databases for statistics securities holdings (VINN) and the Swedish securities database (SVDB) respectively have higher coverage than previous collection. This led to a difference, breaks in time-series, between the fourth quarter of 2018 and the first quarter of 2019. By supplementing older series with model-estimated extrapolated data and database information, the breaks in time series have been moved back to the fourth quarter of 2012 and the first quarter of 2013 instead.

Not all time series within portfolio investments are affected by the changes. In cases where the information in the old data collection has been consistent with the new data sources VINN and SVDB, no changes have been made. The following series have been supplemented with database information as well as model-estimated extrapolated data:

Holdings in foreign shares and investment fund shares

The balance has been adjusted quarterly for the years 2013–2018. An addition has been made to existing series based on a model estimate derived from discrepancies between new and old data for the period 2019–2021 when the sources are available separately.

Swedish debt securities

The balances for long-term and short-term debt securities issued in foreign currency have been adjusted quarterly for the years 2013–2018. Data on issued securities from the SVDB complements the existing time series with data that was not covered by the previous collection.