Colombia: Report on the Observance of Standards and Codes—Data Module

IMF Staff Country Reports, October 16, 2006

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Canonical URL: Colombia: Report on the Observance of Standards and Codes—Data Module

The quality of the macroeconomic statistics is generally high, broadly conforming to international standards for compilation and dissemination, although coverage of illicit activities is poor.
Executive Directors suggest reviewing the legal framework for statistical activity, including strengthening the institutional and financial independence of the National Administrative Department of Statistics.
Further strengthening is needed in the areas of national accounts and government finance statistics.
Developing a methodology to include unrecorded trade in the balance of payments on a timely basis is also required.

Macroeconomic statistics broadly conform to international standards for compilation and dissemination.
Coverage of illicit activities in statistics is poor.
National accounts require further strengthening.
Government finance statistics require further strengthening.
A methodology is required to include unrecorded trade in the balance of payments on a timely basis.
The institutional and financial independence of the National Administrative Department of Statistics should be strengthened through a review of the legal framework for statistical activity.

Subject: Balance of payments statistics, Economic and financial statistics, Financial statements, Fiscal policy, Monetary statistics, National accounts, Public financial management (PFM)
Keywords: Balance of payments statistics, BR compilation methodology, BR plan, BR staff, central government, CR, equity transactions, Financial statements, Global, government, government unit, ISCR, Monetary statistics, NADS, NADS effort, source data

_cr06356 — Data Quality Assessment Framework / ROSC
- _cr06356 — Data Quality Assessment Framework / ROSC (Markdown version)
- _cr06356 — Data Quality Assessment Framework / ROSC (PDF)