External Balance Assessment (EBA): Data and Estimates

Last Updated: July 28, 2017


The IMF's Research Department has developed the External Balance Assessment (EBA) methodology for assessing current accounts and exchange rates. The EBA methodology developed in 2013, was modified slightly in 2015 by (i) extending the sample used in estimation through 2013 (previously through 2010), (ii) adding the REER level model to the EBA toolkit; and (iii) allowing for nonlinearities in the impact of demographics on current accounts. This slightly modified version of the methodology was used to inform the staff assessments included in the 2017 External Sector Report. For more details on the refinements see Annex I of the 2015 External Sector Report and a technical background note.
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 The EBA exercise drew on data and estimates that were available as of June 2017, some of which may since have become outdated.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 always fully represent the views of IMF staff.