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Monitoring Progress on Implementation of the Manual and Assessing Data Quality.

OECD. OCDE. ORGANISATION DE COOPÉRATION ET DE DEVELOPMENT ÉCONOMIQUES. Monitoring Progress on Implementation of the Manual and Assessing Data Quality. ORGANISATION FOR ECONOMIC CO-OPERATION AND DEVELOPMENT. Bettina Wistrom OECD Statistics Directorate. STATISTICS DIRECTORATE –

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Monitoring Progress on Implementation of the Manual and Assessing Data Quality.

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  1. OECD OCDE ORGANISATION DE COOPÉRATION ET DE DEVELOPMENT ÉCONOMIQUES Monitoring Progress on Implementation of the Manual and Assessing Data Quality. ORGANISATION FOR ECONOMIC CO-OPERATION AND DEVELOPMENT Bettina Wistrom OECD Statistics Directorate STATISTICS DIRECTORATE – PRICES AND STRUCTURAL STATISTICS 1

  2. Introduction • Pressing need from trade analysts and negotiators for more relevant, detailed data • Are we progressing ? How to monitor progress? • Suggested approach: • Look at core recommendations in Manual • Quality and comparability : 1)multilateral and bilateral mirror data, 2)Methodological Soundness Questionnaire.

  3. Core Recommendations of the Manual • Collect Balance of Payments (BOP) trade in services data • i) Using Extended Balance of Payments Services Classification (EBOPS) • ii) By partner country • Collect Foreign Affiliates Trade in Services (FATS) statistics for basic variables- sales, value added, employment, exports and imports • i) By activity (ICFA) • ii) By partner country N.B. Concept of modes of supply is fundamental but needs more statistical development

  4. Balance of Payments Services • BOP trade in services data are relatively well established following IMF’s 5th Manual • Significant progressive improvements in detail and comparability since mid-nineties • Data collection by IMF/OECD/Eurostat are adapted to EBOPS classification • Partner country data published by Eurostat and (since 2002) by OECD • 2004 OECD partner country data cover 28 countries and 75% of world exports

  5. Availability of EBOPS items in OECD database

  6. Foreign Affiliates Trade in Services (FATS) Statistics • FATS statistics are relatively underdeveloped compared with BOP • Data collection expanding at Eurostat, OECD and UNCTAD • OECD FATS statistics database covers 5 basic variables (sales, value added, employment, exports and imports) • Inward and outward FATS • By activity (not ICFA) • By partner First OECD publication of FATS statistics 2002, based on 1998 and 1999 surveys covers 20 countries in varying detail. The latest questionnaires have been sent during spring. Replies are expected by 15 September 2005.

  7. IMF global imbalances

  8. Some selected examples of bilateral BOP services asymmetries

  9. Systematic differences in reporting (1)

  10. Systematic differences in reporting (2)

  11. Multilateral summary asymmetry table

  12. Systematic differences in reporting (3)

  13. MethodologicalSoundness Questionnaire • OECD-Eurostat joint initiative sent out in June 2003 • 35 countries filled the questionnaire. • Results will be discussed with the experts first before being made more widely available. • Help to compare national practices and foster good practice.

  14. Conclusions and Questions. • Much progress (but not all) concentrated so far in OECD countries BOP Services, FATS and Partner Country Data • Mirror statistics useful to identify systematic differences. • MSQ will help compare national practices • Do we need to monitor other aspect of country reporting ? • Any other comments ?

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