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IMF Research

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

Last Updated: August 09, 2013

The IMF's Research Department has developed the External Balance Assessment (EBA) methodology as a successor to the CGER methodology for assessing current accounts and exchange rates. “Version 2.0” of the EBA methodology was implemented earlier this year, with results used to inform the 2013 Pilot External Sector Report.

The information and estimates available here pertain to a pilot methodology and should not be considered as representing the assessments or views of the IMF, its Executive Board, or its staff. IMF assessments of current account balances and real exchange rates draw on a wider set of information and analysis than can be obtained from a single standardized methodology. Moreover, 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were available as of Spring 2013 (in preparation for the Spring 2013 WEO round), some of which may since have become outdated.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. Finally, the numerical values used in the exercise to indicate desirable policy settings do not necessarily represent the views of the IMF, its Executive Board, or its staff.

  • Estimates from the 2013 “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)

(For reference, the estimates from the earlier 2012 Pilot EBA exercise, as well as data inputs used in the 2012 analysis of current accounts and real exchange rates, are also available.)

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