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Quarterly Gross Domestic Product and Seasonal Adjustment

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Session No.: SA 23.43

Location: New Delhi, India

Date: December 11-15, 2023 (1 week)

Delivery Method: In-person Training

Primary Language: English

Target Audience

Officials responsible for compiling and using intensely national accounts statistics (NAS).

Qualifications

Participants should have a degree in economics, statistics, or the equivalent.

Course Description

This course, presented by the IMF's Statistics Department, aims at providing a thorough understanding of concepts, sources of data, and compilation techniques for producing quarterly national accounts (QNA) statistics. It introduces participants to benchmarking, seasonal adjustment techniques, as well as volume estimates; and explains the application of these techniques to time series data. The course also discussed how to identify and assess available data sources, use real-time series databases to assess the quality, and implement a suitable revisions policy for compiling QNA.

Course Objectives

Upon completion of the course, participants should be able to:

  • Recognize the role, scope, uses, and compilation frameworks for QNA
  • Review available data sources for compiling QNA.  
  • Explain the use of volume measures and the basic relation between value, quantity, and prices.  
  • Apply basic techniques for compiling benchmarked series and filling data gaps. 
  • Apply basic seasonal adjustment techniques to time series, based on good seasonal adjustment practices. 
  • Describe a balanced revisions policy taking into consideration how a related real-time database can be used to assess the reliability of the QNA and HFIEA estimates.

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