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Macroeconomic Statistics

GDP Rebasing


Session No.: SA 19.65

Location: New Delhi, India

Date: November 4-8, 2019 (1 week)

Primary Language: English

    Target Audience

    The workshop is intended for national accounts compilers who will likely be involved in a GDP rebasing exercise in the next two to three years.
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    Participants are expected to have a bachelor's degree, with backgrounds in economics, accounting, or related fields. They are expected to be involved in the compilation of national accounts estimates.
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    Course Description

    This one-week course will be presented by experts from the International Monetary Fund's Statistics Department. The course will cover the following topics: The scope, role and strategic issues on GDP rebasing; choosing the new base year; constructing new base year estimates using supply and use tables; preparing documentation on new base year estimates; backcasting the new GDP series; preparing documentation and metadata on backcasting methods. The course will feature interactive lectures and hands-on exercises that enable participants to operationalize what they learn.The main lectures and workshops include: 1) When and why to conduct a rebasing exercise.2) Data requirements to carry out rebasing.3) Supply and Use Tables as a method of creating new base year estimates. 4) Backcasting and extrapolating new base year estimates using recompilation, splicing and residual estimation. 5) Communication and publication strategies of the rebased series. 6) Examples of rebasing from various statistical offices.
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    Course Objectives

    Upon completion of this workshop, participants should be able to: Describe fundamental aspects of a GDP rebasing exercise and be able to select an appropriate new base year. Understand the data requirements to undertake GDP rebasing, and how to manage a statistical system that intends to conduct a rebasing. Describe how to construct supply and use tables for the new base year and use these results to derive new base year estimates. Know the best practices regarding backcasting and extrapolation of new base year estimates. Articulate how statistical offices can communicate and publish the new GDP estimates which satisfy the user community. Ba able to describe how other statistical offices and undertaken GDP rebasing. Know topical areas where their own statistical office plans to improve its national accounts estimates through GDP rebasing.
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