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The Availability, Methodological Soundness, and Scope of Consumer Price Statistics in 2020
This paper analyzes the availability, methodological soundness, and scope of Consumer Price statistics in IMF member and non-member countries in 2020. Consumer price statistics are instrumental in the development of monetary policy and in monitoring economic developments. They also often have administrative uses such as in determine wage increase or seting pension payments. This analysis examines the appropriateness of the current set of global consumer price statistics for current policy development and highlights regions where further development may be required. The analysis is based on the results of a new annual survey of CPI compilation practices in 207 economies as of the end of 2020....
2020 Global Stocktaking of National Accounts Statistics: Availability for Policy and Surveillance
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 a...
Evolution of National Accounts Statistics Compilation Practices Over the Period 2018 to 2021 in 189 Economies
This paper analyzes the evolution of national accounts statistics compilation practices over the period of 2018 to 2021 for 189 economies. This is useful information for monitoring the quality of national accounts statistics and supporting identification of areas for improvement. Economies can use this data to benchmark their practices to the region and the world. Many economies have made strides in implementing 2008 SNA to better reflect the size and structure of the economy however, there hasn’t been an assessment on how quick the migration is. With the new 2025 SNA vintage on the horizon, it was imperative to check how many economies are using the 2008 SNA vintage as it will provide a clue to how fast authorities will migrate to the new framework. We found that 31 economies have moved to the 2008 SNA between 2018 and 2021. The paper also examined how many economies started compiling quarterly GDP during the period 2018 and 2021.
Zambia
In response to a request from the authorities and as part of the United Kingdom’s Department for International Development (DFID) Enhanced Data Dissemination Initiative (EDDI) 2 project, a Government Finance Statistics (GFS) mission visited Lusaka, Zambia, during November 19–30, 2018. This was the third mission to Zambia under the DFID EDDI2 project, following the March 2016 and November 2017 missions. The mission worked essentially with staff at the Zambia Central Statistical Office (CSO) Public Finance Unit (PFU), but also had meetings with staff from the Ministry of Finance’s Accountant General, Budget, Investment and Debt Management, and Economic Management departments.
Vietnam
At the request of the General Statistics Office (GSO) of Vietnam, a technical assistance mission helped with the preparation of the next rebase of national accounts. The current base year 2010 needs to be updated to incorporate recent structural changes. A work plan was established to compile a new national accounts benchmark for 2020 and publish rebased estimates in March 2023. The mission focused on a better incorporation of non-observed activities as well as the development of supply and use tables and input-output tables for the new benchmark. This mission was funded by the IMF’s Data for Decisions project with the overall goal of putting more and better data in the hands of decision-makers.
Kenya: Technical Assistance Report-Further Review of Rebased GDP Estimates
A Technical Assistance (TA) mission was conducted in July 2021 to review the data sources and methods used to produce revised estimates of the Kenyan National Accounts (NA) for the period 2009–2019. The mission also provided guidance on producing a revision report to be published at the time of the release.
Panel Nowcasting for Countries Whose Quarterly GDPs are Unavailable
Quarterly GDP statistics facilitate timely economic assessment, but the availability of such data are limited for more than 60 developing economies, including about 20 countries in sub-Saharan Africa as well as more than two-thirds of fragile and conflict-affected states. To address this limited data availablity, this paper proposes a panel approach that utilizes a statistical relationship estimated from countries where data are available, to estimate quarterly GDP statistics for countries that do not publish such statistics by leveraging the indicators readily available for many countries. This framework demonstrates potential, especially when applied for similar country groups, and could provide valuable real-time insights into economic conditions supported by empirical evidence.
Developing Human Rights Jurisprudence
One of an eight-volume series recording the development of international jurisprudence in human rights issues and, in particular, the domestic application of international human rights norms. Discussion focused on recent developments in international human rights jurisprudence and norms from which judges and lawyers are beginning, increasingly, to draw to augment the domestic law of their jurisdictions.
