The Status Of Gdp Compilation Practices In 189 Economies And The Relevance For Policy Analysis
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The Status Of Gdp Compilation Practices In 189 Economies And The Relevance For Policy Analysis
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Author : Francien Berry
language : en
Publisher: International Monetary Fund
Release Date : 2018-03-02
The Status Of Gdp Compilation Practices In 189 Economies And The Relevance For Policy Analysis written by Francien Berry and has been published by International Monetary Fund this book supported file pdf, txt, epub, kindle and other format this book has been release on 2018-03-02 with Business & Economics categories.
This paper examines the status of GDP compilation in 189 economies against six key criteria that describe national accounts compilation practices: whether the benchmark year is up to date, the availability and timeliness of annual and quarterly GDP, whether GDP by production and expenditure approaches are compiled independently to allow for comparisons, whether estimates by the income approach are available, and the vintage of the System of National Accounts (SNA) applied. We used publicly available information including from the IMF’s Dissemination Standards Bulletin Board (DSBB), and, for 108 developing economies, information provided by the IMF’s real sector advisors stationed in the Fund’s 10 Regional Technical Assistance Centers (RTACs). The data were compared with the UNSD and World Bank databases. We find that 50 percent of economies have acceptable benchmark years, 72 percent report timely annual GDP data, while 55 percent of economies report timely data for quarterly GDP. The study presents some conclusions for priorities of capacity development.
The Status Of Gdp Compilation Practices In 189 Economies And The Relevance For Policy Analysis
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Author : Francien Berry
language : en
Publisher: International Monetary Fund
Release Date : 2018-03-02
The Status Of Gdp Compilation Practices In 189 Economies And The Relevance For Policy Analysis written by Francien Berry and has been published by International Monetary Fund this book supported file pdf, txt, epub, kindle and other format this book has been release on 2018-03-02 with Business & Economics categories.
This paper examines the status of GDP compilation in 189 economies against six key criteria that describe national accounts compilation practices: whether the benchmark year is up to date, the availability and timeliness of annual and quarterly GDP, whether GDP by production and expenditure approaches are compiled independently to allow for comparisons, whether estimates by the income approach are available, and the vintage of the System of National Accounts (SNA) applied. We used publicly available information including from the IMF’s Dissemination Standards Bulletin Board (DSBB), and, for 108 developing economies, information provided by the IMF’s real sector advisors stationed in the Fund’s 10 Regional Technical Assistance Centers (RTACs). The data were compared with the UNSD and World Bank databases. We find that 50 percent of economies have acceptable benchmark years, 72 percent report timely annual GDP data, while 55 percent of economies report timely data for quarterly GDP. The study presents some conclusions for priorities of capacity development.
Evolution Of National Accounts Statistics Compilation Practices Over The Period 2018 To 2021 In 189 Economies
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Author : Anthony Silungwe
language : en
Publisher: International Monetary Fund
Release Date : 2023-07-21
Evolution Of National Accounts Statistics Compilation Practices Over The Period 2018 To 2021 In 189 Economies written by Anthony Silungwe and has been published by International Monetary Fund this book supported file pdf, txt, epub, kindle and other format this book has been release on 2023-07-21 with Business & Economics categories.
This paper analyzes the evolution of national accounts statistics compilation practices over the period of 2018 to 2021 for 189 economies. This is useful information for monitoring the quality of national accounts statistics and supporting identification of areas for improvement. Economies can use this data to benchmark their practices to the region and the world. Many economies have made strides in implementing 2008 SNA to better reflect the size and structure of the economy however, there hasn’t been an assessment on how quick the migration is. With the new 2025 SNA vintage on the horizon, it was imperative to check how many economies are using the 2008 SNA vintage as it will provide a clue to how fast authorities will migrate to the new framework. We found that 31 economies have moved to the 2008 SNA between 2018 and 2021. The paper also examined how many economies started compiling quarterly GDP during the period 2018 and 2021.
Measuring Economic Welfare What And How
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Author : Mr.Marshall B Reinsdorf
language : en
Publisher: International Monetary Fund
Release Date : 2020-05-18
Measuring Economic Welfare What And How written by Mr.Marshall B Reinsdorf and has been published by International Monetary Fund this book supported file pdf, txt, epub, kindle and other format this book has been release on 2020-05-18 with Business & Economics categories.
Calls for a more people-focused approach to statistics on economic performance, and concerns about inequality, environmental impacts, and effects of digitalization have put welfare at the top of the measurement agenda. This paper argues that economic welfare is a narrower concept than well-being. The new focus implies a need to prioritize filling data gaps involving the economic welfare indicators of the System of National Accounts 2008 (SNA) and improving their quality, including the quality of the consumption price indexes. Development of distributional indicators of income, consumption, and wealth should also be a priority. Definitions and assumptions can have big effects on these indicators and should be documented. Concerns have also arisen over potentially overlooked welfare growth from the emergence of the digital economy. However, the concern that free online platforms are missing from nominal GDP is incorrect. Also, many of the welfare effects of digitalization require complementary indicators, either because they are conceptually outside the boundary of GDP or impossible to quantify without making uncertain assumptions.
Benin And State Capture In A Rent Based Society
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Author : François Bourguignon
language : en
Publisher: Cambridge University Press
Release Date : 2023-11-23
Benin And State Capture In A Rent Based Society written by François Bourguignon and has been published by Cambridge University Press this book supported file pdf, txt, epub, kindle and other format this book has been release on 2023-11-23 with Business & Economics categories.
Account of Benin's economic, social and political development over recent decades, diagnosing it's development hindering institutional weaknesses and needed reforms.
An Algorithm To Balance Supply And Use Tables
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Author : Mr.Michael Stanger
language : en
Publisher: International Monetary Fund
Release Date : 2018-10-25
An Algorithm To Balance Supply And Use Tables written by Mr.Michael Stanger and has been published by International Monetary Fund this book supported file pdf, txt, epub, kindle and other format this book has been release on 2018-10-25 with Business & Economics categories.
A Supply and Use Table (SUT) serve to increase the quality of GDP and related aggregates by providing a framework to detect and resolve inconsistencies in data sources. SUTs are also a powerful analytical tool that permit users to access information on detailed production functions, consumption, export, and import baskets, or to derive input-output tables. SUT compilation is data intensive and requires a balancing process. The balancing procedure is labor intensive and generally requires several long and sometimes tedious iterations, which has an adverse effect on timeliness. This note describes a basic algorithm developed by the IMF to balance supply and use tables automatically, allowing a much faster SUT balancing process. For training purposes, this algorithm has been implemented as an Excel tool SUTB, making it operational almost globally. The optimization process is illustrated with an example.
2020 Global Stocktaking Of National Accounts Statistics Availability For Policy And Surveillance
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Author : Anthony Silungwe
language : en
Publisher: International Monetary Fund
Release Date : 2022-02-11
2020 Global Stocktaking Of National Accounts Statistics Availability For Policy And Surveillance written by Anthony Silungwe and has been published by International Monetary Fund this book supported file pdf, txt, epub, kindle and other format this book has been release on 2022-02-11 with Business & Economics categories.
This paper analyzes the availability, methodological soundness, and scope of National Accounts statistics in IMF member and non-member countries in 2020. National Account statistics are instrumental in the development of fiscal and monetary policy and in monitoring economic developments. This analysis examines the appropriateness of the current set of global national accounts statistics for current policy development and highlights regions where further development may be required. The assessment is based on the results of a national accounts survey conducted by Fund staff that examined the scope of national accounts programs in IMF member countries. The survey was completed by statistical authorities between March 2021 and July 2021. The information reflects the state of National Accounts Programs as of the end 2020. In cases of non-response, IMF staff used information taken from the IMF’s Dissemination Standards Bulletin Board (DSBB) and country websites to provide the status of national accounts compilation practices. This analysis summarizes the following key indicators: time lag of national accounts benchmarks, availability annual and quarterly GDP estimates, vintage of the System of National Accounts (SNA), index formula used for calculating annual constant price (volume) estimates, availability of GDP by different approaches, timeliness of disseminating and annual and quarterly GDP estimates, availability institutional sector accounts, and access to source data.
European System Of Accounts
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Author : Eurostat
language : en
Publisher:
Release Date : 2013
European System Of Accounts written by Eurostat and has been published by this book supported file pdf, txt, epub, kindle and other format this book has been release on 2013 with European Union countries categories.
"The European System of Accounts (hereinafter referred to as 'the ESA 2010' or 'the ESA') is an internationally compatible accounting framework for a systematic and detailed description of a total economy (that is, a region, country or group of countries), its components and its relations with other total economies."-- EU Bookshop.
World Economic Outlook October 2013
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Author : International Monetary Fund. Research Dept.
language : en
Publisher: International Monetary Fund
Release Date : 2013-10-08
World Economic Outlook October 2013 written by International Monetary Fund. Research Dept. and has been published by International Monetary Fund this book supported file pdf, txt, epub, kindle and other format this book has been release on 2013-10-08 with Business & Economics categories.
Global growth is in low gear, and the drivers of activity are changing. These dynamics raise new policy challenges. Advanced economies are growing again but must continue financial sector repair, pursue fiscal consolidation, and spur job growth. Emerging market economies face the dual challenges of slowing growth and tighter global financial conditions. This issue of the World Economic Outlook examines the potential spillovers from these transitions and the appropriate policy responses. Chapter 3 explores how output comovements are influenced by policy and financial shocks, growth surprises, and other linkages. Chapter 4 assesses why certain emerging market economies were able to avoid the classical boom-and-bust cycle in the face of volatile capital flows during the global financial crisis.
Quarterly National Accounts Manual
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Author : Mr.Adriaan M. Bloem
language : en
Publisher: International Monetary Fund
Release Date : 2001-05-10
Quarterly National Accounts Manual written by Mr.Adriaan M. Bloem and has been published by International Monetary Fund this book supported file pdf, txt, epub, kindle and other format this book has been release on 2001-05-10 with Business & Economics categories.
This Manual provides guidance to compilers of national accounts on the concepts, data sources, and compilation methods required for development of a system of quarterly national accounts. More and more countries are recognizing that quarterly national accounts are an essential tool for management and analysis of their economy. The Manual is intended particularly for compilers who already have a knowledge of annual national accounting concepts and methods, and provides techniques for the development of a consistent time series of annual and quarterly accounts. It serves as acomplement to the System of National Accounts 1993, which has only a limited discussion of quarterly accounts, and will also prove useful as a tool for sophisticated users of quarterly national accounts.