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

_IMF Staff Country Reports, October 16, 2006_

## Source details

**Canonical URL:** [Colombia: Report on the Observance of Standards and Codes—Data Module](https://www.imf.org/en/publications/cr/issues/2016/12/31/colombia-report-on-the-observance-of-standards-and-codes-data-module-19987)

## Other formats

- [Markdown version](/en/publications/cr/issues/2016/12/31/colombia-report-on-the-observance-of-standards-and-codes-data-module-19987/index.md)
- [Structured JSON version](/en/publications/cr/issues/2016/12/31/colombia-report-on-the-observance-of-standards-and-codes-data-module-19987/index.json)
- [Bundle manifest](/en/publications/cr/issues/2016/12/31/colombia-report-on-the-observance-of-standards-and-codes-data-module-19987/bundle-manifest.json)

## Bibliographic details
- Published: October 16, 2006
- Series: IMF Staff Country Reports
- DOI: https://doi.org/10.5089/9781451808902.002

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### Summary
- 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.

### Key findings
- 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 areas and keywords
- 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

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## Content in this bundle

- **_cr06356 — Data Quality Assessment Framework / ROSC**
  - [_cr06356 — Data Quality Assessment Framework / ROSC (Markdown version)](/-/media/websites/imf/imported-full-text-pdf/external/pubs/ft/scr/2006/_cr06356.pdf.md){rel="alternate" type="text/markdown"}
  - [_cr06356 — Data Quality Assessment Framework / ROSC (PDF)](/-/media/websites/imf/imported-full-text-pdf/external/pubs/ft/scr/2006/_cr06356.pdf){rel="external" type="application/pdf"}

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_Source: https://www.imf.org/en/publications/cr/issues/2016/12/31/colombia-report-on-the-observance-of-standards-and-codes-data-module-19987_