Cover IMF Working Papers
2020 Global Stocktaking of National Accounts Statistics: Availability for Policy and Surveillance
Author:
Anthony Silungwe
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,
Mr. Andrew Baer
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, and
Vanda Guerreiro
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Series:
IMF Working Papers
Volume/Issue:
Volume 2022: Issue 029
Language:
English
Publication Date:
11 Feb 2022
DOI:
https://doi.org/10.5089/9798400201400.001
ISBN:
9798400201400
ISSN:
1018-5941
Pages:
26
Keywords:
Benchmarking; GDP; Institutional Sectors; National Accounts; GDP estimate; number economy; vintage of the System of National Accounts; statistic department; current price; GDP measurement; Global; Asia and Pacific; Europe; Africa
Legal-disclaimer:
IMF Working Papers describe research in progress by the author(s) and are published to elicit comments and to encourage debate. The views expressed in IMF Working Papers are those of the author(s) and do not necessarily represent the views of the IMF, its Executive Board, or IMF management.
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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.
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Cover IMF Working Papers
IMF Working Papers
ISSN:
1018-5941
Publisher:
International Monetary Fund
Volume 2022: Issue 029