OECD Main Economic Indicators Revisions Analysis Database

11-14 September 2006 OECD International Trade Statistics Experts Meeting

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OECD Main Economic Indicators Revisions Analysis Database

Richard McKenzie

OECD Statistics Directorate


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The Main Economic Indicators Original Release Data and Revisions Database

Full time series of data published every month starting from the February 1999 edition of the Main Economic Indicators for 21 key economic variables

Access OECD revisions analysis studies for GDP, Index of Industrial Production and Retail Trade Volume

Automated programs and detailed user guide allowing users to perform there own revisions analysis for any country / variable combination available in the database

Information on reasons for revisions and references to international recommendations for establishing revisions analysis policies (IMF SDDS and OECD)


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Monthly International Trade in Goods, s.a. current prices (imports and exports). First release data at monthly frequency from February 1999

All OECD countries, China, India, Brazil, Russia, South Africa

Should be roughly the same as nationally released data and MTSI statistics– Publication timing differences may cause some minor

discrepancies– MEI team performs the seasonal adjustment for about half

the countries


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Current Account Balance, s.a. First release quarterly data at monthly frequency from February 1999

All OECD countries, China, India, Brazil, Russia, South Africa

Should be roughly the same as nationally released data BOP data– Publication timing differences may cause some minor

discrepancies– For about half the countries it is an aggregation of monthly

data– MEI team performs the seasonal adjustment for TUR, POL,

NLD, IRL, GRC and non-member country data is not s.a.


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http://stats.oecd.org/mei/default.asp?rev=1


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User Manual


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0

0.5

1

1.5

2

2.5

3

3.5

Mean

Abs

olut

e Rev

ision

(%)

3 Months Later 1 Year Later 2 Years Later

Mean absolute revision to first estimates of year-on-year growth rates for Index of Industrial Production


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Mean absolute revision to first estimates of year-on-year growth rates for the Index of Industrial Production

0

0.5

1

1.5

2

2.5

3

3.5

Mea

n Ab

solu

te R

evis

ion(

%)

3 Months Later 1 Year Later 2 Years Later


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Mean absolute revision to first estimates of quarter-on-quarter growth rates for GDP

0

0.1

0.2

0.3

0.4

0.5

0.6

0.7

0.8

0.9

Mea

n Ab

solu

te R

evis

ion(

%)

1 year later 2 years later 3 years later


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Promotion of the interface

Two OECD Statistics newsletter articles and Statistics Brief

OECD Statistics working paper

Emails to working groups of statisticians, academics, central banks and economists through various networks

Note from OECD Chief Statistician to heads of National Statistics Institutes – informing them of the tools available and encouraging them to perform their own revisions analysis

Opportunity to present the results at meetings such as this


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Questions?

OECD Main Economic Indicators Revisions Analysis Database

Documents

Transcript of OECD Main Economic Indicators Revisions Analysis Database