Chapter

2. Real Sector: Data Coverage, Periodicity, and Timeliness

Author(s):
International Monetary Fund. Statistics Dept.
Published Date:
October 2013
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2.1 This chapter elaborates on the data coverage, periodicity, and timeliness requirements for the additional SDDS Plus data category under the real sector. Sectoral balance sheet data for financial assets and liabilities are prescribed for dissemination to enhance understanding of financial linkages across sectors.

Sectoral Balance Sheets: Coverage

2.2 The SDDS Plus prescribes a minimum set of internationally comparable sectoral financial balance sheets with a set of subsectors and the standard financial asset and liability instrument classification derived from the System of National Accounts, 2008 (2008 SNA). In this context, SDDS Plus adherents are required to disseminate balance sheet data, broken down by the sectoral coverage and classification of financial instruments shown in Table 2.1. Data provision by classification of financial instruments is on a best-effort basis (see paragraph 2.3).

Table 2.1Minimum Classifications for Sectors and Financial Instruments for Internationally Comparable Sectoral Accounts1
Minimum classification of institutional sectors

Financial instruments
Nonfinancial corporations S11Financial Corporations S12General government S13Households and nonprofit

institutions serving

households (NPISHs) S14 + S15
Rest of the world S2
Central bank S121Other deposit-taking corporations S122Money market funds S123Insurance corporations

and pension funds

S128 + S129
Other financial corporations

(OFCs) S124 + S125 + S126 + S127
Assets
F1 Monetary gold and SDRs
F2 Currency and deposits
F3 Debt securities
F4 Loans
F5 Equity and investment fund shares
F6 Insurance, pensions, and standardized guarantee schemes
F7 Financial derivatives and employee stock options
F8 Other accounts receivable/payable
Liabilities
F1 Monetary gold and SDRs
F2 Currency and deposits
F3 Debt securities F4 Loans
F5 Equity and investment fund shares
F6 Insurance, pensions, and standardized guarantee schemes
F7 Financial derivatives and employee stock options
F8 Other accounts receivable/payable
Source: System of National Accounts, 2008.

2.3 The provision of data by sector and instrument breakdown is expected to give a broad and comprehensive overview of the sectoral accounts within a country. Adherents are to provide the data according to financial instruments on a best-effort basis. The expectation is that an adherent will be able to provide the breakdown of total financial instruments by sector and subsector for at least five instruments (F1 to F5), on both the assets and liabilities sides.

2.4 The metadata should specify the level of breakdown in terms of sectors and instruments, and specify the compilation methodologies used, for example, how the assets/liabilities are valued, how data are aggregated and consolidated across institutional units, and how netting, if any, is done.

2.5 It should be noted that adherents that implement the sectoral account templates of the Group of Twenty/International Monetary and Financial Committee (G-20/IMFC) Data Gaps Initiative will have met the sectoral balance sheet coverage requirements of the SDDS Plus, as those templates have more extensive requirements.1

Periodicity and Timeliness

2.6 Periodicity. The SDDS Plus requires quarterly data.

2.7 Timeliness. The SDDS Plus requires data to be disseminated within one quarter after the end of the reference period.

The Templates for Minimum and Encouraged Set of Internationally Comparable Sectoral Accounts and Balance Sheets under the G-20/IMFC Data Gaps Initiative are available at www.imf.org/external/np/sta/templates/sectacct/index.htm.

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