## Evolution of National Accounts Statistics Compilation Practices Over the Period 2018 to 2021 in 189 Economies

_IMF Working Papers, July 21, 2023_

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## Bibliographic details
- Authors: Anthony Silungwe
- Published: July 21, 2023
- Series: IMF Working Papers
- DOI: https://doi.org/10.5089/9798400249174.001

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### Overview
- Scope: analysis of the evolution of national accounts statistics compilation practices over the period of 2018 to 2021 for 189 economies.
- Purpose: monitoring the quality of national accounts statistics, supporting identification of areas for improvement, and enabling economies to benchmark their practices to the region and the world.
- Context: assessment of migration to the 2008 SNA vintage as an indicator of readiness to migrate to the new 2025 SNA vintage.

### Key findings
- Coverage: the study covers compilation practices in 189 economies over 2018 to 2021.
- Migration to 2008 SNA: 31 economies have moved to the 2008 SNA between 2018 and 2021.
- Quarterly GDP compilation: the paper examined how many economies started compiling quarterly GDP during the period 2018 and 2021 (no aggregate count provided in the summary).

### Implications for statistical systems
- Benchmarking utility:
  - Economies can use the data to benchmark their national accounts compilation practices against regional and global peers.
  - The analysis provides useful information for monitoring quality and identifying areas for improvement.
- Migration signal:
  - The number of economies using the 2008 SNA vintage provides a clue to how fast authorities may migrate to the new 2025 SNA framework.

### Policy recommendations and priorities (implied by analysis)
- Encourage and support migration to updated SNA vintages to better reflect the size and structure of economies.
- Promote the expansion of quarterly GDP compilation where absent to improve timeliness and policy relevance.
- Use benchmarking results to target technical assistance and capacity-building to economies lagging in adopting international frameworks and compiling higher-frequency national accounts.

*IMF Working Paper by Anthony Silungwe, July 21, 2023.*

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_Source: https://www.imf.org/en/publications/wp/issues/2023/07/21/evolution-of-national-accounts-statistics-compilation-practices-over-the-period-2018-to-536805_