## France: Report on the Observance of Standards and Codes—Data Module—Update

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**Canonical URL:** [France: Report on the Observance of Standards and Codes—Data Module—Update](https://www.imf.org/-/media/websites/imf/imported-full-text-pdf/external/pubs/ft/scr/2005/_cr05398.pdf)

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### Overview and status
- Update prepared by an IMF staff team based on information available in September, 2005.
- France continues to observe the Special Data Dissemination Standard’s (SDDS) specifications for coverage, periodicity, and timeliness of all data categories, including:
  - The detailed template on international reserves and foreign currency liquidity.
  - Dissemination of advance release calendars.
- Metadata and summary methodologies underlying the economic statistics are being regularly updated on the Dissemination Standards Bulletin Board (DSBB).
- France continues to implement several of the 2003 ROSC Data Module recommendations.

### General recommendations and actions
- Recommendation: Promote a broader understanding of statistical revisions by publishing revision studies to familiarize users with the workings of the statistical process.
- Actions taken:
  - The last annual report on the French 2004 balance of payments contains a historical account of revisions to the French balance of payments and France’s international investment position.
  - The complete quarterly national accounts methodology and a document explaining the base change to 2000 were published on the web site http:///www.insee.fr. An English version will become available soon.

### National accounts — priorities and progress
- Priority 1: Make greater use of survey data on stocks to measure changes in stocks, instead of calculating them residually in the annual and quarterly accounts.
- Priority 2: Improve the breakdown of intermediate consumption by product.
  - On May 20, 2005, the national accounts base was changed to 2000.
  - A particular effort was made to use data from firms’ accounts in a more comprehensive manner.
  - The new methods helped to improve the measurement of intermediate consumption by sector, margins, and changes in stocks.
- Priority 3: Expedite the production of explicit price indices for exports and imports of goods.
  - The dissemination of explicit price indices for imports will start at the beginning of 2006.

### Balance of payments — priorities and actions
- Priority 1: Revise the adjustments for accrued coupons (“coupons courus”) on transactions in bonds to better measure investment income.
  - INSEE intensified work on portfolio investment income with the objective of starting to record those transactions on an accrual basis on January 1, 2006.

*Source: IMF staff update completed in September, 2005, Report on the Observance of Standards and Codes—Data Module for France.*

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_Source: https://www.imf.org/-/media/websites/imf/imported-full-text-pdf/external/pubs/ft/scr/2005/_cr05398.pdf_