Chapter

Appendix 1. Main Changes in the SDDS Guide since 2007

Author(s):
International Monetary Fund. Statistics Dept.
Published Date:
December 2013
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The main changes in this revised version of the SDDS Guide reflect the developments in the SDDS since 2007. The enhancements to the SDDS since then reflect the IMF’s Executive Board discussions during the Seventh and Eighth Reviews of the Fund’s data standards initiatives.

The main changes are noted below, organized by prescriptions, encouraged items, and by sectors.

Changes to SDDS Prescriptions

  • Subscribers are prescribed to include citations and deviations from internationally accepted statistical methodologies in their metadata for all data categories (see section on “Other Considerations” in Chapter 2 and the section covering “Deviations from Internationally Accepted Statistical Methodologies” in Chapter 7)

  • The introduction of a more structured timeline for the SDDS nonobservance procedures (see the section on “Procedures for Addressing Nonobservance” in Chapter 10)

  • The prescription of hyperlinks on the NSDP to longer time series and more detailed data for all SDDS data categories by year-end 2012 (see section on “National Summary Data Page” in Chapter 8)

  • The elimination of the ARC flexibility options from the SDDS, after a transition period, by year-end 2017 (see section on “ARC Flexibility Options” in Chapter 8)

  • The termination of the preparation of the SDDS quarterly update and its posting on the DSBB (see Box 1.2).

External Sector

  • The introduction of a revision to the Data Template for International Reserves and Foreign Currency Liquidity to cover exchange-traded futures, settled in domestic currency; the revision took effect in August 2009 beginning with data for July 2009 (see Table 6.1).

  • The prescription to disseminate quarterly IIP data with one-quarter timeliness, following a transition period ending in September 2014 (see the section on “International Investment Position” in Chapter 6).

Changes to the SDDS on an Encouraged Basis

  • Subscribers are encouraged to conduct data quality assessments every seven to ten years (see the section on “Quality of Disseminated Data” in Chapter 7).

Real Sector

  • The addition of more structure and focus to the encouraged data category FLIs, with particular emphasis on specific FLIs (see the section on “Forward-Looking Indicators” in Chapter 3):

    • Covering industrial production or investment, such as the Purchasing Managers’ Index—PMI—as a measure of business confidence

    • Retail sales, as a measure of consumer confidence

    • Inflationary expectations

  • The incorporation of an additional data category called “Sectoral Balance Sheets” (see the section on “Sectoral Balance Sheets” in Chapter 3).

Fiscal Sector

  • The incorporation of an additional data category called “General Government Debt” (see the section on “General Government Debt” in Chapter 4)

Financial Sector

  • Subscribers are encouraged to disseminate seven specified FSIs (see the section on “Financial Soundness Indicators” in Chapter 5):

    • Regulatory Tier 1 capital to risk-weighted assets

    • Regulatory Tier 1 capital to assets

    • Nonperforming loans net of provisions to capital

    • Nonperforming loans to total gross loans o Return on assets

    • Liquid assets to short-term liabilities

    • Net open position in foreign exchange to capital

External Sector

  • Subscribers are encouraged to disseminate external debt by remaining maturity using a simplified reporting table (see Table 6.4).

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