Republic of Congo: Technical Assistance Report-National Accounts Mission
IMF Staff Country Reports, February 24, 2020
Source details
- Canonical URL
- Republic of Congo: Technical Assistance Report-National Accounts Mission
Other formats
Bibliographic details
- Published: February 24, 2020
- Series: IMF Staff Country Reports
- DOI: https://doi.org/10.5089/9781513530994.002
Mission scope and objectives
- Purpose: Support the National Statistics Institute in its work on the national accounts estimates.
- Focus areas:
- Review of the calculation of consumption of fixed capital for the general government sector.
- Analysis of the 2016 and 2017 national accounts finalized in accordance with the 1993 System of National Accounts (SNA).
- Review of information sources used, methods of calculation and extrapolation, and compliance with the 1993 SNA.
Status of national accounts covered
- 2016 accounts: finalized and closed through the summary tables.
- 2017 accounts: being finalized.
- Recommendation: urgency of preparing and validating a continuous, updated national accounts series.
Key findings and technical corrections
- Consumption of fixed capital for the general government sector was reviewed as an important element in calculating production by cost of production.
- The mission made corrections affecting branches’ value added and, accordingly, gross domestic product.
- The mission provided the National Statistics Institute team with an explanation of the consequences of the corrections and guidance on how to integrate them in the accounts.
- Proposed corrections to the 2015 intermediate consumption matrix and recommendation that national accounting officers make the same corrections, proportionally, for 2016 and 2017.
Priority recommendations
- Prepare and validate a continuous, updated national accounts series as an urgent priority.
- Apply the mission’s proposed corrections to the 2015 intermediate consumption matrix, and implement the same corrections proportionally for 2016 and 2017.
- Integrate the mission’s corrected calculations and methodological adjustments into the national accounts compilation process to ensure compliance with the 1993 SNA.
Content in this bundle
- 1. Priority Recommendations