{
  "title": "IMF Executive Board Discusses Measuring the Digital Economy",
  "publication": "IMF News, April 5, 2018",
  "sourceUrl": "https://www.imf.org/en/news/articles/2018/04/03/pr18122-imf-executive-board-discusses-measuring-the-digital-economy",
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  "summary": "The paper assesses the current state of play in measurement of the digital sector in macroeconomic and financial statistics, recommending steps to overcome the measurement challenges posed by digitalization.",
  "publishDate": "2018-04-05",
  "sections": [
    {
      "heading": "Event and publication details",
      "content": "- Press Release No. 18/122\n- Date: April 5, 2018\n- Media Relations Press Officer: Pemba Tshering Sherpa\n- Phone: +1 202 623-7100\n- Email: MEDIA@IMF.org\n- Board discussion date: March 28, 2018"
    },
    {
      "heading": "Scope and focus of the staff paper",
      "content": "- The paper assesses the current state of play in measurement of the digital sector in macroeconomic and financial statistics.\n- It focuses on a digital sector comprising the producers at the core of digitalization: online platforms, platform-enabled services, and suppliers of Information and Communications Technology goods and services.\n- The paper proposes a perimeter for the digital sector, distinguishing it from the broader digital economy."
    },
    {
      "heading": "Core analytic themes addressed",
      "content": "- Inter-related core aspects examined:\n  - GDP\n  - Welfare\n  - Globalization\n  - Productivity\n- The paper analyzes challenges in measuring the economic and financial activity related to the digital sector by systematically reviewing the state of play of statistics on:\n  - Prices\n  - National accounts\n  - External sector\n  - Monetary and financial developments"
    },
    {
      "heading": "Key findings and observations",
      "content": "- Measuring the digital sector poses measurement challenges across macroeconomic and financial statistics.\n- A clear perimeter for the digital sector is proposed to separate it from the broader digital economy.\n- Improving access to data is central to overcoming measurement challenges."
    },
    {
      "heading": "Policy recommendations and steps proposed",
      "content": "- Improve statistics agencies’ access to administrative data:\n  - Administrative data defined as data collected by or available in government agencies as an integral part of their regular activities.\n  - This requires cooperation of national government agencies.\n- Improve access to “Big Data” through partnerships:\n  - Cooperation should extend to partnerships between the private and the public sectors, including international organizations."
    },
    {
      "heading": "Notable quote",
      "content": "- “The paper proposes a perimeter for the digital sector, distinguishing it from the broader digital economy” — Gabriel Quirós, Deputy Director of the IMF Statistics Department.\n\nIMF Executive Board Discusses Measuring the Digital Economy — Press Release No. 18/122 (April 5, 2018)\n\n---\n\n\n References\n\n- Measuring the Digital Economy\n- Press Releases\n- PRESS CENTER\n- https://www.imf.org/en/home\n\nSource: https://www.imf.org/en/news/articles/2018/04/03/pr18122-imf-executive-board-discusses-measuring-the-digital-economy"
    }
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    "Published: April 5, 2018",
    "Press Release No. 18/122",
    "Date: April 5, 2018",
    "Media Relations Press Officer: Pemba Tshering Sherpa",
    "Phone: +1 202 623-7100",
    "Email: MEDIA@IMF.org",
    "Board discussion date: March 28, 2018",
    "The paper assesses the current state of play in measurement of the digital sector in macroeconomic and financial statistics.",
    "It focuses on a digital sector comprising the producers at the core of digitalization: online platforms, platform-enabled services, and suppliers of Information and Communications Technology goods and services.",
    "The paper proposes a perimeter for the digital sector, distinguishing it from the broader digital economy.",
    "Inter-related core aspects examined:",
    "The paper analyzes challenges in measuring the economic and financial activity related to the digital sector by systematically reviewing the state of play of statistics on:",
    "Measuring the digital sector poses measurement challenges across macroeconomic and financial statistics.",
    "A clear perimeter for the digital sector is proposed to separate it from the broader digital economy.",
    "Improving access to data is central to overcoming measurement challenges.",
    "Improve statistics agencies’ access to administrative data:",
    "Improve access to “Big Data” through partnerships:",
    "“The paper proposes a perimeter for the digital sector, distinguishing it from the broader digital economy” — Gabriel Quirós, Deputy Director of the IMF Statistics Department.",
    "[Measuring the Digital Economy](https://www.imf.org/en/publications/policy-papers/issues/2018/04/03/022818-measuring-the-digital-economy)",
    "[Press Releases](https://www.imf.org/en/news/searchnews)",
    "[PRESS CENTER](http://presscenter.imf.org/)",
    "[https://www.imf.org/en/home](https://www.imf.org/en/home)"
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