Austria Adheres to the International Monetary Fund's Special Data Dissemination Standard Plus

IMF News, January 10, 2017

Source details

Canonical URL: Austria Adheres to the International Monetary Fund's Special Data Dissemination Standard Plus

Press Release No. 17/05
Date: January 10, 2017
Issued by: IMF Communications Department
Contact: PRESS OFFICER: Bruno Pierre Silvestre
- Phone: +1 202 623-7100
- Email: MEDIA@IMF.org
Key statement: "Austria has completed the requirements for adherence to the International Monetary Fund’s Special Data Dissemination Standard (SDDS) Plus—the highest tier of the Data Standards Initiatives."
Austria’s SDDS Plus data are now posted on the Dissemination Standards Bulletin Board.

The SDDS Plus builds on the SDDS.
Purpose: for statistically advanced countries to publish comprehensive, timely, accessible, and reliable economic and financial data in an environment of continuing economic and financial integration.
Expected outcomes:
- Enhanced publication of comprehensive economic and financial data.
- Improved timeliness, accessibility, and reliability of data.

Quote from Mr. Ewald Nowotny, Governor of Austria’s Central Bank:
- “Statistics that are reliable, up to date, and internationally comparable, help us navigate our increasingly complex, globalized economic environment. Austria’s joining the SDDS Plus attests to the high quality and transparency of our national statistical system, which is an important factor in ensuring Austria’s attractiveness as a business and financial location.”
Quote from Mr. Louis Marc Ducharme, Director of the IMF’s Statistics Department:
- “The dissemination of the new data under the SDDS Plus will be invaluable in fostering a deeper understanding and assessment of the performance of Austria’s financial sector, the cross-border-financial linkages, and the vulnerabilities of the economy to shocks.”

Established in the mid-1990s to enhance member countries’ data transparency and to promote the development of sound statistical systems.
Rationale: the need for data standards was highlighted by the financial crises of the mid-1990s and again in the late-2000s, when information deficiencies were seen to play a role.
Components of the Data Standards Initiatives include:
- SDDS Plus
- SDDS
- Enhanced General Data Dissemination System
Further information:
- Dissemination Standards Bulletin Board: www.dsbb.imf.org
- Reference: IMF press release of November 18, 2014 (for more information on the SDDS Plus and its worldwide launch)

International Monetary Fund — Press Release No. 17/05 (January 10, 2017).