The first GDP releases, which are published about two weeks before the end of the fiscal year, are based on nine to ten months’ observed data and two to three months’ projections. The first annual GDP data based on 12 month’s observations are disseminated with a lag of 11 months (vis-à-vis the recommended 6-9 months). This situation would be remedied with the publication of quarterly national accounts as presently in preparation.
Beginning in February 2004, biweekly data on the analytical accounts of the SBP are disseminated on the website and the Statistical Bulletin.
With the assistance of the authorities, an informal survey was conducted among academics, media, business associations, banks, and public sector agencies. The results of the survey are presented in Appendix IV of the accompanying document presenting the detailed assessments.
Beginning in June 2004, timeliness of the analytical accounts of the SBP ha been improved.
A detailed description of the GDDS can be found on the IMF’s Data Standards Bulletin Board (DSBB) on the Internet at http://www.dsbb.imf.org.
The mission team was headed by Mr. Edgar Ayales and included Messrs. Henri Hoezoo, Cornelis Gorter, Rainer Koehler, Thomas Alexander, and Ricardo Davico (all STA), and Mr. Brian Donaghue (consultant).
A detailed description of the SDDS can be found on the IMF’s Data Standards Bulletin Board (DSBB) on the Internet at http://www.dsbb.imf.org.
Beginning in June 2004, the SBP disseminates the analytical accounts based on month-end data with a lag of two weeks.
Information on data quality may be found in the “Data Quality Reference Site” on the IMF’s Data Standards Bulletin Board (DSBB) website (http://dsbb.imf.org/dqrs.index.htm).
The Generic Framework is shown in Appendix III of the accompanying document.
During 2004, the FBS has completed the rebasing of the national accounts at 1999-2000 prices and made progress towards the full adoption of the System of National Accounts 1993 (1993 SNA).
During 2004, the SBP has made progress in adopting the BPM5 format for the presentation of the data.
During 2004, the FBS has completed the rebasing of the national accounts at 1999-2000 prices and made progress towards the full adoption of the 1993 SNA.
In June 2004, the SBP started compiling monetary statistics based on month-end data.
Beginning in June 2004, source data are collected electronically, thereby reducing the possibilities of data-entry errors.
In June 2004, the SBP began disseminating monetary statistics more in line with the MFSM. Also, a publicly announced advance release calendar is available on the SBP website.
Beginning in June 2004, monetary statistics are based on month-end data and are more in line with the MFSM.
This recommendation has been adopted in 2004.