ORGANISATION DE COOPÉRATION ET DE DEVELOPMENT ÉCONOMIQUES OECD OCDE ORGANISATION FOR ECONOMIC CO-OPERATION AND DEVELOPMENT Monitoring Progress on Implementation of the Manual and Assessing Data Quality. Bettina Wistrom OECD Statistics Directorate STATISTICS DIRECTORATE – PRICES AND STRUCTURAL STATISTICS 1 Introduction Pressing need from trade analysts and negotiators for more relevant, detailed data Are we progressing ? How to monitor progress? Suggested approach: Look at core recommendations in Manual Quality and comparability : 1)multilateral and bilateral mirror data, 2)Methodological Soundness Questionnaire. STATISTICS DIRECTORATE PRICES & STRUCTURAL STATISTICS 2 Core Recommendations of the Manual • Collect Balance of Payments (BOP) trade in services data – i) Using Extended Balance of Payments Services Classification (EBOPS) – ii) By partner country • Collect Foreign Affiliates Trade in Services (FATS) statistics for basic variables- sales, value added, employment, exports and imports – i) By activity (ICFA) – ii) By partner country N.B. Concept of modes of supply is fundamental but needs more statistical development STATISTICS DIRECTORATE PRICES & STRUCTURAL STATISTICS 3 Balance of Payments Services • BOP trade in services data are relatively well established following IMF’s 5th Manual • Significant progressive improvements in detail and comparability since mid-nineties • Data collection by IMF/OECD/Eurostat are adapted to EBOPS classification • Partner country data published by Eurostat and (since 2002) by OECD • 2004 OECD partner country data cover 28 countries and 75% of world exports STATISTICS DIRECTORATE PRICES & STRUCTURAL STATISTICS 4 Availability of EBOPS items in OECD database Australia Austria Belgium Canada Czech Republic Denmark Finland France Germany Greece Hungary Iceland Ireland Italy Japan Korea (Republic of) Luxembourg Mexico Netherlands New Zealand Norway Poland Portugal Slovak Republic Spain Sweden Switzerland Turkey United Kingdom United States STATISTICS DIRECTORATE PRICES & STRUCTURAL STATISTICS 2002 42 25 59 46 65 5 53 48 55 59 21 29 45 65 26 17 54 31 48 31 53 56 61 42 52 61 12 29 48 51 2003 42 40 69 46 79 5 61 50 65 57 19 27 38 76 26 19 61 26 12 24 55 60 72 34 30 72 12 39 52 51 Number of supplementary EBOPS items +15 +10 +14 +8 +2 +10 -2 -2 -2 -7 +11 +2 +7 -5 -36 -7 +2 +4 +11 -8 -22 +11 +10 +4 - 5 Foreign Affiliates Trade in Services (FATS) Statistics FATS statistics are compared with BOP relatively underdeveloped Data collection expanding at Eurostat, OECD and UNCTAD OECD FATS statistics database covers 5 basic variables (sales, value added, employment, exports and imports) Inward and outward FATS By activity (not ICFA) By partner First OECD publication of FATS statistics 2002, based on 1998 and 1999 surveys covers 20 countries in varying detail. The latest questionnaires have been sent during spring. Replies are expected by 15 September 2005. STATISTICS DIRECTORATE PRICES & STRUCTURAL STATISTICS 6 Australia Austria Belgium Luxembourg Canada Czech Republic Denmark Finland France Germany Greece Hungary Iceland Ireland Italy Japan Korea Mexico Netherlands New Zealand Norway Poland Portugal Slovak Republic Spain Sweden Switzerland Turkey United kingdom United States STATISTICS DIRECTORATE PRICES & STRUCTURAL STATISTICS Inward Data exist but not yet sent to OECD Yes Yes Yes No Yes Yes Yes Yes Yes Yes Yes No Yes Yes Yes No No Yes Data exist but not yet sent to OECD Yes Yes Yes No Yes Yes No No Yes Yes Outward Data exist but not yet sent to OECD Yes Yes No Yes No No Yes Yes Yes Yes No No No No Yes No No No No No No Yes No No Yes No No No Yes 7 IMF global imbalances 1998 1999 2000 2001 2002 2003 Global Discrepancies in Balance of Payments Statistics (Millions of U.S. dollars) Current account balance -59095.5 Goods balance 67874.2 Services balance -1473.26 Transportation -52377.6 Travel 27593.1 Government services, n.i.e. -8275.24 Other services 31586.5 -101799 42135.2 -13510 -50616.2 27998.6 -17947.5 27055.1 -125679 10279.1 -13788.5 -63704.1 31232 -25200.9 43884.6 -128879 -6906.13 -18434.2 -58703.6 28838.6 -26147.4 37578.2 -101089 35557.9 -9185.75 -54014.8 30273 -33334.4 47889.8 -36987.2 66451.3 4865.54 -66749.5 34432.5 -32993.1 70176.3 source: IMF STATISTICS DIRECTORATE PRICES & STRUCTURAL STATISTICS 8 Some selected examples of bilateral BOP services asymmetries Export Mirror imports $ Mn 2002 Japan to USA Total Services Transportation Travel Government services Other commercial services Asymmetry Coefficient Transportation Travel Government services Other commercial services Mirror imports Asymmetry Coefficient Japan to EU 21561 5684 564 376 14937 18938 5220 2908 1626 9184 0.13 0.09 -1.35 -1.25 0.48 30393 5634 9477 708 14577 STATISTICS DIRECTORATE PRICES & STRUCTURAL STATISTICS 33750 4429 7162 477 21682 -0.10 0.24 0.28 0.39 -0.39 12519 8465 5297 2910 467 891 90 99 6665 4182 16443 4626 3480 54 8197 Export Mirror imports Asymmetry Coefficient EU to US 0.39 0.58 -0.62 -0.10 0.46 EU to Japan USA to Japan Total Services Export 112329 20684 20225 4207 66844 85873 20410 19328 8661 37468 0.27 0.01 0.05 -0.69 0.56 98040 14574 19722 2365 61374 104072 17023 18588 1935 65335 -0.06 -0.16 0.06 0.20 -0.06 US to EU 21606 5620 4188 186 11611 -0.27 -0.19 -0.18 -1.10 -0.34 10 Systematic differences in reporting (1) Asymmetry coefficients US Government services imports asymmetry coefficients 1999-2002 Australia 2.50 EU-15 2.00 France 1.50 Germany 1.00 Italy Japan 0.50 Netherlands United Kingdom 0.00 1999 STATISTICS DIRECTORATE PRICES & STRUCTURAL STATISTICS 2000 2001 2002 Canada 12 Systematic differences in reporting (2) US other services imports asymmetry coefficientsAustralia 1999-2002 Canada Asymmetry coefficients EU-15 0.00 -0.20 -0.40 -0.60 -0.80 -1.00 -1.20 -1.40 -1.60 -1.80 France Germany Italy Japan Korea Netherlands New Zealand Norway Sweden 1999 STATISTICS DIRECTORATE PRICES & STRUCTURAL STATISTICS 2000 2001 2002 United Kingdom 13 Multilateral summary asymmetry table Multilateral summary asymmetry table 2002 (as available in 2004) $bn EU15 to rest of OECD Total services Transportation Travel Other commercial services Government services n.i.e. Japan to rest of OECD Total services Transportation Travel Other commercial services Government services n.i.e. US to rest of OECD Total services Transportation Travel Other commercial services Government services n.i.e. STATISTICS DIRECTORATE PRICES & STRUCTURAL STATISTICS Export Mirror imports Asymmetry coefficient Imports Mirror exports Asymmetry coefficient 158.95 33.72 32.26 86.85 4.45 140.69 35.87 34.01 60.70 9.10 0.12 -0.06 -0.05 0.35 -0.69 136.61 26.72 26.95 78.79 2.32 139.16 30.83 27.66 78.33 2.59 -0.02 -0.14 -0.03 0.01 -0.11 40.30 13.73 1.77 24.16 0.65 34.86 10.63 5.60 16.44 1.80 0.14 0.25 -1.04 0.38 -0.94 65.45 13.41 15.97 35.33 0.74 55.16 12.73 16.78 24.76 0.80 0.17 0.05 -0.05 0.35 -0.08 158.29 27.61 41.10 95.38 3.26 168.09 29.47 35.98 112.25 2.53 -0.06 -0.07 0.13 -0.16 0.25 137.84 34.34 30.88 56.05 10.45 160.90 37.64 29.14 101.62 4.67 -0.15 -0.09 0.06 -0.58 0.76 14 Systematic differences in reporting (3) Asymmetry coefficients EU15 Government services exports asymmetry coefficients 1999-2002 0.00 Australia -0.20 Czech Republic -0.40 EU-15 -0.60 Hungary -0.80 Japan -1.00 Korea -1.20 Norway -1.40 Slovak Republic -1.60 1999 STATISTICS DIRECTORATE PRICES & STRUCTURAL STATISTICS 2000 2001 2002 United States 15 Methodological Soundness Questionnaire • OECD-Eurostat joint initiative sent out in June 2003 • 35 countries filled the questionnaire. • Results will be discussed with the experts first before being made more widely available. • Help to compare national practices and foster good practice. STATISTICS DIRECTORATE PRICES & STRUCTURAL STATISTICS 16 Conclusions and Questions. Much progress (but not all) concentrated so far in OECD countries BOP Services, FATS and Partner Country Data Mirror statistics useful to identify systematic differences. MSQ will help compare national practices Do we need to monitor other aspect of country reporting ? Any other comments ? STATISTICS DIRECTORATE PRICES & STRUCTURAL STATISTICS 17