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IMF Research

External Balance Assessment (EBA): Data and Estimates from the Pilot Exercise

Last Updated: August 04, 2014

The IMF's Research Department has developed the External Balance Assessment (EBA) methodology for assessing current accounts and exchange rates. “Version 2.0” of the EBA methodology was developed in 2013, and used to inform the staff assessments in the 2014 Pilot External Sector Report (as well as the 2013 Pilot External Sector Report).

The information and estimates available here should not be considered as representing the assessments or views of the IMF or its Executive Board. A number of caveats apply to the EBA data inputs. The Pilot EBA exercise drew on data and estimates that were available as of Spring 2014 (in preparation for the Spring 2014 WEO round), some of which may since have become outdated. Some data may have different definitions or coverage than IMF or IMF member country statistics, and some data definitions may not be fully comparable across countries. Some data, including for capital controls and foreign exchange intervention policies, are imperfect proxy measures. For that reason, the numerical values used in the exercise to indicate desirable policy settings may be benchmarks that do not necessarily fully represent the views of IMF staff.

  • Estimates from the 2014 “Version 2.0” EBA (gap analysis)

  • Data inputs and programs used in analysis of current accounts and real exchange rates (including coefficient estimates and graphical comparisons of actual and regression-implied values)