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The Status of GDP Compilation Practices in 189 Economies and the Relevance for Policy Analysis

Author

Listed:
  • Francien Berry
  • Massimiliano Iommi
  • Mr. Michael Stanger
  • Louis Venter

Abstract

This paper examines the status of GDP compilation in 189 economies against six key criteria that describe national accounts compilation practices: whether the benchmark year is up to date, the availability and timeliness of annual and quarterly GDP, whether GDP by production and expenditure approaches are compiled independently to allow for comparisons, whether estimates by the income approach are available, and the vintage of the System of National Accounts (SNA) applied. We used publicly available information including from the IMF’s Dissemination Standards Bulletin Board (DSBB), and, for 108 developing economies, information provided by the IMF’s real sector advisors stationed in the Fund’s 10 Regional Technical Assistance Centers (RTACs). The data were compared with the UNSD and World Bank databases. We find that 50 percent of economies have acceptable benchmark years, 72 percent report timely annual GDP data, while 55 percent of economies report timely data for quarterly GDP. The study presents some conclusions for priorities of capacity development.

Suggested Citation

  • Francien Berry & Massimiliano Iommi & Mr. Michael Stanger & Louis Venter, 2018. "The Status of GDP Compilation Practices in 189 Economies and the Relevance for Policy Analysis," IMF Working Papers 2018/037, International Monetary Fund.
    • Handle: RePEc:imf:imfwpa:2018/037
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    File URL: http://www.imf.org/external/pubs/cat/longres.aspx?sk=45669
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    References listed on IDEAS

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    1. Roberto Luis Olinto Ramos & Lisbeth Rivas & Mr. Gonzalo C Pastor Campos, 2008. "Latin America: Highlights from the Implementation of the System of National Accounts 1993 (1993 SNA)," IMF Working Papers 2008/239, International Monetary Fund.
    2. Thomas F Alexander & Claudia H Dziobek & Marco Marini & Eric Metreau & Michael Stanger, 2017. "Measure up; A Better Way to Calculate GDP," IMF Staff Discussion Notes 17/02, International Monetary Fund.
    3. Mr. Robert Dippelsman & Venkat Josyula & Eric Métreau, 2016. "Fixed Base Year vs. Chain Linking in National Accounts: Experience of Sub-Saharan African Countries," IMF Working Papers 2016/133, International Monetary Fund.
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    Cited by:

    1. Manuel Oechslin & Elias Steiner, 2022. "Statistical capacity and corrupt bureaucracies," The Review of International Organizations, Springer, vol. 17(1), pages 143-174, January.
    2. Kerner, Andrew & Crabtree, Charles, 2018. "The Political Economy of Data Production," SocArXiv qsxae, Center for Open Science.

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