Front Matter

Front Matter Page

© International Monetary Fund

October 2002

IMF Country Report No.02/227

Jordan: Report on the Obsrevance of Standards and Codes—Data Module, Response by the Authorities, and Detailed Assesments Using the Data Quality Assesment Framework

This Report on the Observance of Standards and Codes on Data Module for Jordan was prepared by a staff team of the International Monetary Fund as background documentation for the periodic consultation with the member country. It is based on the information available at the time it was completed on October 7, 2002. The views expressed in this document arc those of the staff team and do not necessarily reflect the views of the government of Jordan or the Executive Board of the IMF.

The Response by the Authorities on this report and the Detailed Assessments Using the Data Quality Assessment Framework (DQAF) are also included.

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Front Matter Page

INTERNATIONAL MONETARY FUND

JORDAN

Report on the Observance of Standards and Codes (ROSC)—Data Module

Prepared by the Statistics Department

Approved by Carol S. Carson and George T. Abed

October 7, 2002

Contents

  • Executive Summary

  • I. Introduction

  • II. Data Dissemination Practices and the GDDS: Current Dissemination Practices

    • Data Dimension: Coverage, Periodicity, and Timeliness

    • Quality Dimension

    • Integrity Dimension

    • Access Dimension

    • Plans for Improvement

    • Special Data Dissemination Standard

  • III. Summary Assessment of Data Quality

    • Prerequisites of Quality

    • Integrity

    • Methodological Soundness

    • Accuracy and Reliability

    • Serviceability

    • Accessibility

  • IV. Staff Recommendations

    • General Recommendations

    • National Accounts

    • Consumer and Producer Price Indices

    • Government Finance Statistics

    • Monetary and Financial Statistics

    • Balance of Payments Statistics

  • Text Tables

  • 1. Jordan: Overview of Current Practices Regarding Coverage, Periodicity, and Timeliness of Data Compared to the GDDS

  • 2. Data Quality Assessment Framework: Summary Presentation of Results

Acronyms

1993 SNA

1993 System of National Accounts

BPM5

Balance of Payments Manual, fifth edition

CBJ

Central Bank of Jordan

COICOP

Classification of Individual Consumption by Purpose

CPC

Central Product Classification

CPI

Consumer Price Index

DOS

Department of Statistics

DQAF

Data Quality Assessment Framework

DSBB

Dissemination Standards Bulletin Board

GDDS

General Data Dissemination System

GDP

Gross Domestic Product

GFB

Government Finance Bulletin

GFS

Government Finance Statistics (IMF)

GFSM 1986

A Manual on Government Finance Statistics, 1986

GFSM 2001

Government Financial Statistics Manual, 2001

HEIS

Household Expenditure and Income Survey

IMF

International Monetary Fund

ITRS

International Transactions Reporting System

ISIC

International Standard Industrial classification of all Economic Activities

ISWGNA

Intersecretariat Working Group on National Accounts

MED

Middle Eastern Department

MFS

Monetary and Financial Statistics

MFSM

Monetary and Financial Statistics Manual

MOF

Ministry of Finance

MSB

Monthly Statistical Bulletin

PPI

Producer Price Index

ROSC

Report on Observance of Standards and Codes

SDDS

Special Data Dissemination Standard

Executive Summary

This Report on the Observance of Standards and Codes (ROSC) provides a review of Jordan’s data dissemination practices against the IMF’s General Data Dissemination System (GDDS), complemented by an in-depth assessment of the quality of the national accounts, consumer and producer price indices, and government finance, monetary, and balance of payments statistics. These data are produced by the Department of Statistics (DOS), the Ministry of Finance (MOF), and the Central Bank of Jordan (CBJ). At the request of the authorities, the mission also assessed Jordan’s data dissemination practices against the Special Data Dissemination Standard (SDDS). The assessments were conducted by a mission from the IMF’s Statistics Department that visited Amman during January 23-February 6, 2002.

Jordan’s macroeconomic statistics are considered broadly adequate to conduct surveillance. Nevertheless, the mission identified shortcomings in some statistical practices and databases that have the potential for detracting from the accurate and timely analysis of economic and financial developments, and the formulation of appropriate policies. The main conclusions of the mission are:

  • General Data Dissemination System (GDDS) participation and Special Data Dissemination Standard (SDDS) subscription: Jordan participates in the GDDS and meets the recommendations for the coverage, periodicity, and timeliness of most data categories. Noticeable exceptions are (i) the coverage of data on the central government operations, which excludes social security and government agencies with their own budgets, and the balance of payments statistics, notably the investment income and the financial account; and (ii) the timeliness of data on international reserves, and wages and earnings.

    Jordan’s macroeconomic statistics broadly meet the periodicity requirements of the SDDS. However, there are shortcomings in the coverage of government finance and external statistics, and in the timeliness of monetary data and the producer price index. By developing and forcefully implementing an action plan, Jordan should be able to meet most, if not all, of the remaining requirements for SDDS subscription within two to three years. A priority should be to advance the level of GDDS participation by updating and expanding the metadata on compilation and dissemination practices, as well as the plans for improvement, posted on the IMF’s Dissemination Standards Bulletin Board (DSBB).

  • Prerequisites of quality: Jordanian institutions producing statistics have a broadly adequate legal and institutional framework that supports statistical quality. The DOS initiatives to revise and strengthen the Statistics Act are strongly encouraged. Institutions demonstrate an awareness of quality as the cornerstone of statistical work. However, responsibility for the compilation and dissemination of comprehensive government finance statistics is not defined, which hampers the compilation of the fiscal aggregates with broader coverage than budgetary central government. Also, the CBJ lacks a clear legal mandate to compile balance of payments statistics, which could hinder the needed expansion of data sources.

    Resources are mostly commensurate with the needs of current programs, except for external sector statistics, where human resources are severely constrained. Additional resources may be needed for the further development of national accounts, prices, and government finance statistics. Coordination among, and within, some of the institutions compiling related sets of statistics is ad hoc and in some cases limited. Formalization of data sharing arrangements and regularly-scheduled committee meetings would enhance the overall consistency of Jordanian statistics.

  • Integrity: In general, all institutions demonstrate professionalism, pursue transparency in their statistical practices and policies, and provide ethical guidelines to their staff. An exception may be that the terms and conditions under which statistics are compiled and disseminated, and access to data prior to release, are not sufficiently publicized.

  • Methodological soundness: The methodologies for consumer and producer price indices, monetary, government finance, and national accounts statistics broadly follow international standards, except for some aspects of the classification and valuation of monetary data and for the scope of government finance and national accounts statistics. There are significant shortcomings in the methodology for the balance of payments statistics.

  • Accuracy and reliability: Macroeconomic statistics appear to be broadly accurate. Nevertheless, the shortcomings in data sources and the lack of resources hinder assessment and validation, particularly in the area of balance of payments. While basically sound, there remains some scope for improvement in the statistical techniques used in the compilation of all statistics.

  • Serviceability: The disseminated data appear to broadly meet users’ needs, as indicated by the results of a recent user survey1. Ongoing consultation with users and consistency checks among the various statistics should be undertaken on a more formal and regular basis. In general, Jordanian statistics are timely, although the timeliness of international reserves data should be improved.

  • Accessibility: There are opportunities for expanding the accessibility of all macroeconomic data and metadata, particularly for metadata on government finance statistics, prices, and national accounts. Contact information is provided by the statistics-compiling institutions and they respond to user’s requests. Broader use of Internet would reduce the current delays in dissemination of hard copy publications.

Front Matter Page

INTERNATIONAL MONETARY FUND

JORDAN

Report on the Observance of Standards and Codes (ROSC)—Data Module Response by the Authorities

October 7, 2002

Contents

  • Overview

  • Response to Recommendations

    • A. National Accounts

    • B. Consumer and Producer Price Indices

    • C. Government Finance Statistics

    • D. Monetary Statistics

    • E. Balance of Payments Statistics

Front Matter Page

INTERNATIONAL MONETARY FUND

JORDAN

Detailed Assessments Using the Data Quality Assessment Framework (DQAF)

Prepared by the Statistics Department

Approved by Carol S. Carson and George T. Abed

October 7, 2002

This document contains a detailed assessment by dataset of the elements and indicators that underlie the data quality dimensions discussed in Jordan’s Report on the Observance of Standards and Codes (ROSC)—Data Module. Also included as appendices are: Jordan’s current data dissemination practices against the General Data Dissemination System (GDDS) and the Special Data Dissemination Standard (SDDS), background information on the GDDS and the SDDS, the generic framework used for the assessment of the quality of Jordans macroeconomic statistics, a brief description of Jordan’s National Information System, and the results of a users’ survey.

Contents

  • Acronyms

  • Detailed Assessments Using the Data Quality Assessment Framework (DQAF)

  • I. National Accounts

  • II. Price Statistics (Consumer Price Index)

  • III. Price Statistics (Producer Price Index)

  • IV. Government Finance Statistics

  • V. Monetary Statistics

  • VI. Balance of Payments Statistics

  • Text Tables

  • 1. Data Quality Assessment Framework: Summary of Results for National Accounts

  • 2. Data Quality Assessment Framework: Summary of Results for Consumer Price Index

  • 3. Data Quality Assessment Framework: Summary of Results for Producer Price Index

  • 4. Data Quality Assessment Framework: Summary of Results for Government Finance Statistics

  • 5. Data Quality Assessment Framework: Summary of Results for Monetary Statistics

  • 6. Data Quality Assessment Framework: Summary of Results for Balance of Payments Data

  • Appendices

  • I. Current Data Dissemination Practices against the GDDS Data Dimension and Plans for Improvement

  • II. Data Dissemination Practices against the Special Data Dissemination Standard

  • III. Main Features of the General Data Dissemination System and the Special Data Dissemination Standard

  • IV. Data Quality Assessment Framework (Generic Framework)

  • V. Sectorization of the Jordanian Economy

  • VI. The National Information System

  • VII. Users’Views

  • Appendix Tables

  • 7. Results of Jordan’s User Survey

Acronyms

1993 SNA

1993 System of National Accounnts

ASE

Amman Stock Exchange

ASYCUDA

Automated System for Customs Data Management

BPM4

Balance of Payments Manual. fouth edition

BPM5

Balance of Payments Manual, fifth edition

CBJ

Central Bank of Jordan

CDs

Certificates of Deposit

COFOG

Classification of the Functions of the Government

COICOP

Classification of Individual Consumption by Purpose

CPC

Central Product Classification

CPI

Consumer Price Index

DCS

Depository Corporations Survey

DOS

Department of Statistics

DQAF

Data Quality Assessment Framework

DSBB

Dissemination Standards Bulletin Board

ESCWA

UN Economic and Social Commission for Western Asia

FDI

Foreign Direct Dissemination System

GDDS

General Data Dissemination System

GDP

Gross Domestic Product

GFS

Government Finance Statistics (IMF)

GFSM 1986

A Manual on Government Finance Satistics, 1986

GFSM 2001

Government Finance Statistics Manual 2001

HEIS

Household Expenditure and Income survey

IAS

International Monetary Fund

ILO

International Labour Organization

IMF

International Monetary Fund

NIC

National Information Center

NIS

National Information System

IPI

Industrial Production Index

ITRS

International Transactions Reporting System

ISIC

International Standard Industrial Classification of all Economic Activities

ISWGNA

Intersecretariat Working Group on National Accounts

MFSM

Monetary and Financial Statistics Manual

MOF

Ministry of Finance

MSB

Monthly Statistical Bulletein

ODCs

Other Depository Corporations

PPI

Producer Price Index

QNA

Quarterly National Accounts

ROSC

Report on Observance of Standard and Codes

SDDS

Special Data Dissemination Standard

SITC

Standard International Trade Classification

SNA

System of National Accounts

WPI

Wholesale Price Index