Mauritius
Report on Observance of Standards and Codes-Data Module, Response by the Authorities, and Detailed Assessment Using the Data Quality Assessment Framework (DQAF)

This report on the observance of Standards and Codes—Data Module provides an assessment of Mauritius’s macroeconomic statistics against the Special Data Dissemination Standard complemented by an assessment of data quality based on the IMF’s Data Quality Assessment Framework July 2003. The assessment reveals that the quality of the macroeconomic statistics in Mauritius has improved significantly since the previous assessment conducted in 2001. Quarterly national accounts were successfully put in place. Work is well advanced to implement the new international methodology for government finance statistics.

Abstract

This report on the observance of Standards and Codes—Data Module provides an assessment of Mauritius’s macroeconomic statistics against the Special Data Dissemination Standard complemented by an assessment of data quality based on the IMF’s Data Quality Assessment Framework July 2003. The assessment reveals that the quality of the macroeconomic statistics in Mauritius has improved significantly since the previous assessment conducted in 2001. Quarterly national accounts were successfully put in place. Work is well advanced to implement the new international methodology for government finance statistics.

I. Overall Assessment

1. Mauritius has participated in the General Data Dissemination System (GDDS) since September 21, 2000. The authorities have expressed their interest in subscribing to the Special Data Dissemination Standard (SDDS) by the end of 2008. The assessment was therefore conducted against the SDDS. For most of the datasets, Mauritius meets the specifications for coverage, periodicity, and timeliness. Plans are in place to address remaining issues except for offshore financial entities, which are not included in the coverage of the external sector statistics. An action plan will be needed to address this issue. Appendix I provides an overview of Mauritius dissemination practices compared to the SDDS.

2. The quality of the macroeconomic statistics in Mauritius has improved significantly since the previous assessment conducted in 2001. Quarterly national accounts were successfully put in place and the scope of price indices was expanded, in particular for the producer price indices. Work is well advanced to implement the new international methodology for government finance statistics (Government Finance Statistics Manual 2001 (GFSM 2001)).

3. In applying the IMF’s Data Quality Assessment Framework (DQAF July 2003), the remainder of this section presents the mission’s main conclusions. The presentation is done at the level of the DQAF’s quality dimensions, by agency for the first two dimensions and across datasets for the remaining five.

4. Concerning the prerequisites of quality, the legal framework for statistics is strong, although the responsibility to compile government finance statistics is not legally assigned. Plans underway to establish an independent statistical agency with a broader mandate may further enhance the system. Resources are not sufficient for the existing statistical program in the Central Statistics Office (CSO) and the Bank of Mauritius (BOM), although the BOM is in the process of filling additional staff positions. Efforts to monitor the relevance of monetary and balance of payments statistics should be stepped up. The authorities are committed to adhering to internationally accepted standards and good practices, as demonstrated by their engagement in subscribing to the SDDS.

5. Concerning assurances of integrity, both the CSO and the BOM staff have a high level of professionalism and internal guidelines to maintain high ethical standards are in place. Advance notice should be given to users when the methodology is changed in monetary and balance of payments statistics. Also, internal access to these data, or approval for their dissemination to the public, by government officials should be publicly identified for government finance and balance of payments statistics.

6. On methodological soundness, national accounts, price, and government finance statistics are generally sound. For monetary and balance of payments statistics, improvements in all elements are recommended, in particular the coverage of resident global license entities for balance of payments statistics and the discontinuation of the outdated analytical framework for compiling and disseminating monetary statistics.

7. On accuracy and reliability, several issues are noted regarding national accounts, producer price, and balance of payments statistics, especially concerning source data and statistical techniques. Revision studies should be undertaken more regularly.

8. On serviceability, the periodicity and timeliness practices do not meet SDDS requirements for the producer prices index and government finance statistics. There is room to improve data consistency across all data sets. Revision policies should be strengthened in all areas except for national accounts.

9. On accessibility of data, improvements are proposed in all areas. Metadata accessibility should be strengthened for producer price, monetary, and balance of payments statistics. Assistance to users is generally strong, but contact information for balance of payments statistics is lacking. Advance release calendars are not available for government finance, monetary, and balance of payments statistics.

10. With the assistance of the Ministry of Finance and Economic Development and to complement the assessment, a survey was conducted among users of macroeconomic statistics. Questionnaires were sent to 150 users; about 70 responses were received from a broad range of users, including government agencies, private and public enterprises, foreign representations, banks, and academic institutions. Users were asked to evaluate the coverage, periodicity, timeliness, dissemination practices, accessibility, and overall quality of the official statistics. A meeting with users was held. Users expressed general satisfaction with the overall quality of the statistics produced by CSO and the BOM. Users felt that the statistics were generally as good as or better than those disseminated by other countries in the region. The users raised some of the issues highlighted in the mission’s recommendations.

11. Section II provides a summary assessment by agency and dataset based on a four-part scale. This is followed by staff recommendations in Section III. Practices compared to the SDDS are summarized in Appendix I. The authorities’ response to this report and detailed assessments are presented in separate documents.

II. Assessment by Agency and Dataset

12. Assessment of the quality of six macroeconomic datasets—national accounts, consumer price index, producer price index, government finance, monetary, and balance of payments statistics—were conducted. In this section, the results are presented at the level of the DQAF elements and using a four-point rating scale (Table 1). Assessments of the prerequisites of data quality and the assurances of integrity (Dimensions “0” and “1” of the DQAF) are presented in Tables 2ab. For each dataset, the assessment of methodological soundness, accuracy and reliability, serviceability, and accessibility (Dimensions “2” to “5” of the DQAF) are shown in Tables 3af.

Table 1.

Mauritius Data Quality Assessment Framework—Summary Results

Key to symbols: O = Practice Observed; LO = Practice Largely Observed; LNO = Practice Largely Not Observed; NO = Practice Not Observed; NA = Not Applicable

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Practice observed: Current practices generally meet or achieve the objectives of DQAF internationally accepted statistical practices without any significant deficiencies. Practice largely observed: Some departures, but these are not seen as sufficient to raise doubts about the authorities’ ability to observe the DQAF practices. Practice largely not observed: Significant departures and the authorities will need to take significant action to achieve observance. Practice not observed: Most DQAF practices are not met. Not applicable: Used only exceptionally when statistical practices do not apply to a country’s circumstances.
Table 2a.

Mauritius Assessment of Data Quality—Dimensions 0 and 1—Central Statistics Office

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Table 2b.

Mauritius Assessment of Data Quality—Dimensions 0 and 1—Bank of Mauritius

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Table 3a.

Mauritius Assessment of Data Quality—Dimensions 2 to 5—National Accounts

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Table 3b.

Mauritius Assessment of Data Quality—Dimensions 2 to 5—Consumer Price Index

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Table 3c.

Mauritius Assessment of Data Quality—Dimensions 2 to 5—Producer Price Index

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Table 3d.

Mauritius Assessment of Data Quality—Dimensions 2 to 5—Government Finance Statistics

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Table 3e.

Mauritius Assessment of Data Quality—Dimensions 2 to 5—Monetary Statistics

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Table 3f.

Mauritius Assessment of Data Quality—Dimensions 2 to 5—Balance of Payments Statistics

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III. Staff’s Recommendations

13. Based on the review of Mauritius’s statistical practices, discussions with the data producing agencies, and responses from data users (see Appendix III of the Detailed Assessments volume), the mission has developed a set of recommendations. They are designed to increase further Mauritius’s adherence to internationally accepted statistical practices and would, in the mission’s view, enhance the analytical usefulness of Mauritius’s statistics. Some additional technical suggestions are included in the Detailed Assessments volume.

Cross Cutting Recommendations

  • Increase staff resources and training.

  • Inform users of revision policy and practices; undertake revision studies on a regular basis.

  • Improve internal and inter-sectoral consistency of all macroeconomic statistics.

  • Implement advance release calendars for all datasets.

  • Disseminate data to suit users’ needs more adequately (internet vs. hardcopy, analytical presentation, time series format, etc).

National accounts

  • Improve the recording of the national accounts transactions to cover the calendar year and to independently measure changes in inventories.

  • Implement sound statistical techniques in accordance with the international guidelines for volume measures of GDP; compile volume measures of QNA in previous year prices benchmarked to the annual estimates; apply proper chain-linking methods to derive quarterly time series.

Price Indices

  • Examine the impact of weight updates by comparing data for newly reweighted series with previously published data since the reference period of the updated weights.

  • Prepare detailed metadata for the producer price indices.

Government Finance Statistics

  • Assign the legal responsibility to compile the data on general government to the CSO (e.g. official memorandum of understanding).

  • Prepare a detailed migration path to the methodology of the Government Finance Statistics 2001 (GFSM 2001) and obtain official approval.

Monetary Statistics

  • Discontinue the compilation and dissemination of the cash-based data on reserve money, M1 and M2. If needed for analytical purposes, derive other monetary aggregates (including M1) from the DCS.

  • Conduct a survey of mutual funds to ascertain whether they issue close substitutes for deposits and, therefore, qualify for the inclusion in monetary statistics as depository corporations.

  • Reclassify the national pension fund as part of the central government subsector.

Balance of Payment Statistics

  • Establish confidentiality rules for indirect disclosure.

  • Obtain benchmark data of the assets and liabilities (with appropriate instrument detail) of the Global Business Licence Holders. Conduct a quarterly survey on transactions data of major GBLs and include in balance of payment statistics.

  • Conduct an annual survey of positions data, based on the results of benchmark data of the largest and most active GBLs and include in international investment position (IIP) statistics. Also include the results of the Coordinated Portfolio Investment Survey in the IIP.

  • Increase the coverage of private sector external debt data (notably, for GBLs and banks).

  • Adopt the DCS as a data source for balance of payments statistics.

  • Use Statements of Inward and Outward Remittances that include the GBL data until surveys are in place to capture these data; carry these estimates back as far as possible.

  • Establish a formal mechanism to obtain users’ input.

Appendix Table 1. Mauritius: Practices Compared to the SDDS Coverage, Periodicity, and Timeliness of Data

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Note: Periodicity and timeliness: (D) daily; (W) weekly or with a lag of no more than one week from the reference data or the closing of the reference week; (M) monthly or with a lag of no more than one month; (Q) quarterly or with a lag of no more than one quarter; (A) annually; and (…) not applicable.Italics indicate encouraged categories.