Latin America: Highlights from the Implementation of the System of National Accounts 1993 (1993 SNA)

ByRoberto Luis Olinto Ramos, Lisbeth Rivas, Gonzalo C Pastor Campos

October 1, 2008

Disclaimer: This Working Paper should not be reported as representing the views of the IMF.The views expressed in this Working Paper are those of the author(s) and do not necessarily represent those of the IMF or IMF policy. Working Papers describe research in progress by the author(s) and are published to elicit comments and to further debate

Summary

This paper reviews the Latin American experience with the implementation of 1993 SNAand the updating of the national accounts' base year. It also makes a preliminary assessment of the possible estimation biases in nominal GDP estimates stemming from the use of outdated national accounts base years, downwards biases with household final consumption estimates, and an overestimation of gross fixed capital formation in construction activities.

Subject: Consumption, Gross fixed investment, Household consumption, Income, National accounts

Keywords: consumer price index, consumption expenditure, economic growth, estimation bias, GDP ratio, Total GFKF, WP

Pages:
51
Volume:
2008
DOI:
https://doi.org/10.5089/9781451870978.001
Issue:
239
Series:
Working Paper No. 2008/239
Stock No:
WPIEA2008239
ISBN:
9781451870978
ISSN:
1018-5941

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