Transcript Power Point Presentation

Session 1
Quality assessment of
national accounts data
Workshop on national accounts for Asian member
countries of the organization of Islamic Conference
Ankara, Turkey
1-2 December 2008
by
Devi Manraj
IMF Regional statistics advisor
[email protected]
Good quality national accounts
statistics

Importance of national accounts in the system of
macroeconomic statistics

1993 SNA provides conceptual framework for all
macroeconomic statistics
 Balance of payments
 Monetary and financial statistics
 Government finance statistics

Timely, accurate and reliable statistics in line with the United
Nations Principles of official Statistics

High quality macroeconomic statistics to produce sound
economic and monetary policies
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Why implement the 1993 SNA?

To use internationally accepted recommendations and
standards

To ensure consistency among the macroeconomic statistics

To enable cross-country and inter-temporal comparisons
using same concept of
 Residency
 Classification
 Recording and valuation of stocks and flows
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What are the constraints to
implement 1993 SNA?

Absence of a supportive legal framework

Lack of skill and expertise in national accounting

Inadequate financial and technical resources

Lack of self confidence in staff officers

Absence of leadership
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What should be done?

Strengthen the legislation for NSOs to oversee and
coordinate the national statistical system

Secure high level political commitment

Mobilize adequate human and financial resources

Request for technical assistance to improve methodology

Build self confidence of staff

Maintain trust and confidence in national accounts statistics
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What should be done ?
(continued)

Provide training and have a pool of trainers in national
accounting methodology

Develop analytical skill of staff to interpret data

Encourage countries to join the Fund General Data
Dissemination System (GDDS)

Encourage GDDS members to subscribe to the Fund
Special Data Dissemination Standards (SDDS).
For National Accounts is GDP and so much more ….!!
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Assessment of quality of
national accounts
All countries broadly follow the 1993 system of national accounts
For example, some countries :

Are still using the 1968 SNA terminology , not recording transactions at
basic prices, not using international classification of activities and products

Do not regularly prepare GDP by the expenditure approach and do not use
the Supply and Use Table framework

Do not have a data collection strategy- sample surveys/economic
census/household expenditure survey/labur force survey

Do not have a systematic compilation/processing system

Do not document national accounting methodology
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IMF Framework for assessment
of data quality


IMF’s Data Quality Assessment Framework
(DQAF) 2003,
To assess
 Quality of the statistical institution
 Quality of the process
 Quality of the statistical product
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For more details …..

IMF’s Data Standards Bulletin Board (http://dsbb.imf.org/)
 Focus: Dissemination of information describing a country’s
current dissemination and compilation procedures for
economic and social statistics and plans in place for their
improvement.

IMF’s Reports on Observance of Standards and Codes
(http://www.imf.org/external/np/rosc/index.htm)
 Focus: Broad assessment of the quality of statistics based
on current dissemination and compilation procedures and
plans for their improvement.

IMF’s Framework Data quality Assessment framework
(DQAF)at

http://dsbb.imf.org/dqrsindex.htm)
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