El Salvador: Technical Assistance Report-Monthly Volume Indicator of Economic Activity and Institutional Sector Accounts Mission
IMF Staff Country Reports, May 15, 2020
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- El Salvador: Technical Assistance Report-Monthly Volume Indicator of Economic Activity and Institutional Sector Accounts Mission
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Bibliographic details
- Published: May 15, 2020
- Series: IMF Staff Country Reports
- DOI: https://doi.org/10.5089/9781513544519.002
Mission scope and objectives
- Reviewed the process followed by the National Accounts Department team to consolidate the Monthly Volume Indicator of Economic Activity (IMVAE).
- Reviewed compilation of economic activity indicators established in accordance with the recommendations of the previous mission carried out in September 2017.
- Assessed the analysis and review of basic statistics available for measuring the IMVAE.
- Examined the interinstitutional effort providing new information from the Monthly and Quarterly Economic Surveys, conducted by the Directorate General of Statistics and Censuses with Central Reserve Bank of El Salvador support.
Key findings
- Found a very thorough analysis and review of the basic statistics available for measuring the IMVAE.
- Highlighted the magnitude of the interinstitutional effort to provide new information gleaned from the Monthly and Quarterly Economic Surveys.
- Noted the IMVAE compilation process and economic activity indicators reflect the recommendations from the September 2017 mission.
Methodology and data quality considerations
- Recommended to continue to apply the methodology established for compiling and continuously updating the IMVAE.
- Emphasized the need to constantly analyze:
- The consistency of the IMVAE calculation.
- The quality of source data and indicator outputs.
- The timeliness of the calculation of the indicator.
- The alignment of the IMVAE with quarterly data.
- Consistency with the concepts and guidelines underlying Quarterly National Accounts aggregates.
Policy recommendations and operational guidance
- Continue applying the established IMVAE compilation methodology on an ongoing basis.
- Maintain continuous analysis of consistency, quality, and timeliness in IMVAE calculation.
- Ensure alignment of the IMVAE with quarterly national accounts data and with the conceptual guidelines for Quarterly National Accounts aggregates.
- Sustain and support interinstitutional collaboration, particularly the use of Monthly and Quarterly Economic Surveys from the Directorate General of Statistics and Censuses and the Central Reserve Bank of El Salvador.
Content in this bundle
- 1. Priority Recommendations