Mexico: Report on the Observance of Standards and Codes (ROSC)—Data Module Volume I
IMF Staff Country Reports, July 8, 2015
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- Mexico: Report on the Observance of Standards and Codes (ROSC)—Data Module Volume I
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Bibliographic details
- Published: July 8, 2015
- Series: IMF Staff Country Reports
- DOI: https://doi.org/10.5089/9781513583426.002
Key findings
- Accuracy and reliability of national accounts data are generally adequate and have improved since 2010.
- Significant divergence exists between measures of investment in the government finance statistics and in the national accounts.
- One identified source of discrepancies is fixed capital formation of state and local governments, which—given the weight that these subnational units have in the aggregate—may well contribute to the significant divergence between measures of investment in the government finance statistics and in the national accounts.
- The IMF staff mission identified the need for greater consistency in data recording across agencies.
- The IMF staff mission identified the need for regular inter-institution reconciliation exercises to resolve data discrepancies.
Analysis and implications
- Divergences in investment statistics imply potential distortions in aggregate measures of government investment and may affect assessments of public sector capital formation and fiscal policy.
- Inconsistencies across agencies and lack of routine reconciliation can impair the coherence of macroeconomic statistics and reduce user confidence.
- Improvements in national accounts since 2010 indicate progress, but remaining gaps—particularly at the subnational level—require targeted actions.
Policy recommendations and actions
- Enhance consistency in data recording practices across agencies to reduce discrepancies in macroeconomic statistics.
- Implement regular inter-institution reconciliation exercises to identify and resolve data differences.
- Prioritize addressing measurement of fixed capital formation for state and local governments, given its material impact on aggregate investment measures.
Publication and metadata
- Publication date: July 8, 2015
- Pages: 85
- Volume: 2015
- Issue: 176
- DOI: https://doi.org/10.5089/9781513583426.002
- Series: Country Report No. 2015/176
- Stock No: 1MEXEA2015001
- ISBN: 9781513583426
- ISSN: 1934-7685
- Subjects: Consumption, Gross fixed investment, Labor, National accounts, Price indexes, Prices
- Keywords: base year, Consumption, CR, economic activity, Global, government, government finance, gross domestic product, Gross fixed investment, imputation methods acrossall survey, INEGI, INEGI website, information, Institute, ISCR, North America, Price indexes, public finance statistic, State unit, statistics, time series
International Monetary Fund. Mexico: Report on the Observance of Standards and Codes (ROSC)—Data Module Volume I, IMF Staff Country Reports 2015, 176 (2015), July 8, 2015, https://doi.org/10.5089/9781513583426.002.