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This two-week course, presented by the IMF's Statistics Department, is primarily designed for compilers and managers employed by agencies responsible for the official estimate of gross domestic product, with several years of experience compiling national accounts statistics.
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Candidates should have a degree in economics or the equivalent.
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The course covers theoretical and practical aspects of the implementation of the System of National Accounts 1993 (1993 SNA). It provides training on the estimation of goods and services transactions at current and constant prices when compiling the annual national accounts. The course starts with a synopsis of the theory of the national accounts by reviewing the 1993 SNA recommendations on units and groupings, accounting rules, and the sequence of accounts. A discussion of the production boundary in the 1993 SNA introduces a series of sessions on the production process, covering the definition and measurement of output and intermediate consumption, the treatment of particular activities, valuation issues, inventory adjustment, capital formation, and consumption of fixed capital. Attention is given to foreign trade and final consumption expenditure before all goods and services transactions are brought together in the framework of Supply and Use tables. A number of sessions are devoted to the compilation of price and volume measures and the estimate of real GDP.
The course pays particular attention to practical estimation aspects, discussing among other things how to handle information from common basic statistics as well as methods to make estimates when few basic data are available. The course is conducted through lectures, workshops, roundtables, and case studies. Emphasis is placed on sharing country experiences among the participants. As with other courses, the organization and activities of the Fund are also discussed.
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