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Table 1. SDDS Indicators
|
| Indicators |
As of
September 30, 2003 |
As of
June 30, 2004 |
As of
September 30, 2004 |
|
Number of subscribers |
|
57
|
57 |
Number of countries in observance1 |
52
|
|
57 |
Number of summary methodologies posted2 |
871 |
|
985 |
Subscribers disseminating external debt data on the national summary data page3 |
44
|
56
|
57 |
1Observance of the requirements of the
SDDS for the coverage, periodicity, and timeliness of the data and
the use of Advance Release Calendars. Other elements of the SDDS dealing
with the integrity and quality of the data are on a self-disclosure
basis, with subscribers providing information on which users can make
their own judgments. A subscriber that experiences difficulties in
meeting SDDS requirements is not automatically put into “non-observance”
of the SDDS. When deviations from SDDS requirements occur, the IMF
staff try to resolve the issue with the subscriber, and then, if necessary,
through the Executive Director. If these efforts fail, the matter
is brought to the attention of the subscriber’s Governor for
the Fund. A subscriber is officially declared “non-observant”
only when a note to that effect is posted on the DSBB.
2Out of a required total of 1,213 summary methodologies
(21 data categories per subscriber, plus 16 subscribers that are currently
disseminating the encouraged forward-looking indicators). All subscribers
are disseminating summary methodologies for most data categories.
3The transition period for the dissemination of external
debt data expired on March 31, 2003. These data are to be disseminated
with quarterly periodicity and three months timeliness. Data forend-June
2003 thus were required to be disseminated no later than September
30, 2003. |
Monitoring of Data Releases
The IMF monitors the data and access dimensions of the SDDS for each
subscriber by comparing the first appearance of new information on the
NSDP against the release dates stated in subscriber’s Advance Release
Calendar.
In the third quarter of 2004, there was a decline of almost two percentage
points in the on-time dissemination of monthly data categories compared
with the same quarter in 2003 and an increase of one percentage point
for quarterly data categories; the timeliness of the reserves template
experienced a decline of about 6 percentage points; timeliness of central
government debt and external debt improved by almost 6 percentage points
while the balance of payments declined by about 7 percentage points (Table
2). Compared to the previous quarter, there was almost no change in
the on-time dissemination of monthly data categories and a decline of
about 1 percentage point for quarterly data categories; national accounts
increased by about 10 percentage points.
Annual data experienced a decline in the number of on-time releases of
about 12 percentage points compared with the previous quarter, but was
similar to the same quarter in 2003.
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Table 2. Monitoring
of Data Releases June 2003–September 2004
Percentage of data disseminated on the
National Summary Data Page (NSDP) in
accordance with release dates published in the Advance Release Calendar
(ARC))
(quarterly averages)
|
| Data
Categories |
Q3/03 (R) |
Q2/04 |
Q3/04 |
|
Monthly data |
91.4 |
89.3 |
89.7 |
| |
Production index |
95.2 |
93.2 |
93.8 |
| |
Consumer prices |
96.8 |
95.3 |
92.9 |
| |
Producer prices |
98.0 |
92.0 |
96.3 |
| |
Central government operations |
80.8 |
79.6 |
78.9 |
| |
Analytical accounts of banking sector |
88.7 |
89.2 |
92.3 |
| |
Analytical accounts of central bank |
89.7 |
89.3 |
88.8 |
| |
Official reserve assets |
90.5 |
84.6 |
87.1 |
| |
Reserves template |
92.4 |
89.3 |
86.5 |
| |
Merchandise trade |
90.4 |
91.0 |
91.1 |
Quarterly data |
90.5 |
90.6 |
91.5 |
| |
National accounts |
96.6 |
88.1 |
98.4 |
| |
Employment |
92.0 |
92.3 |
91.2 |
| |
Unemployment |
93.2 |
90.2 |
89.4 |
| |
Wages and earnings |
87.9 |
90.4 |
93.0 |
| |
Central government debt |
82.1 |
87.3 |
87.9 |
| |
Balance of payments |
96.8 |
92.5 |
90.2 |
| |
External debt1 |
84.8 |
93.7 |
90.6 |
Annual data |
78.1 |
89.8 |
77.9 |
| |
General government operations |
75.0 |
92.7 |
70.6 |
| |
International investment position |
81.3 |
86.8 |
85.3 |
1Subscribers were
not required to disseminate external debt data until September 30,
2003.
(R): revised |
|
Dissemination