Download Template for Structural Economic Statistics

OECD Main Economic Indicators
Revisions Analysis Database
Richard McKenzie
OECD Statistics Directorate
11-14 September 2006
OECD International Trade Statistics
Experts Meeting
1
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)
11-14 September 2006
OECD International Trade Statistics
Experts Meeting
2
The Main Economic Indicators Original Release
Data and Revisions Database



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
11-14 September 2006
OECD International Trade Statistics
Experts Meeting
3
The Main Economic Indicators Original Release
Data and Revisions Database



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.
11-14 September 2006
OECD International Trade Statistics
Experts Meeting
4
11-14 September 2006
OECD International Trade Statistics
Experts Meeting
5
http://stats.oecd.org/mei/default.asp?rev=1
11-14 September 2006
OECD International Trade Statistics
Experts Meeting
6
11-14 September 2006
OECD International Trade Statistics
Experts Meeting
7
User Manual
11-14 September 2006
OECD International Trade Statistics
Experts Meeting
8
11-14 September 2006
OECD International Trade Statistics
Experts Meeting
9
11-14 September 2006
OECD International Trade Statistics
Experts Meeting
10
11-14 September 2006
OECD International Trade Statistics
Experts Meeting
11
11-14 September 2006
OECD International Trade Statistics
Experts Meeting
12
Mean absolute revision to first estimates of year-on-year
growth rates for Index of Industrial Production
3
2.5
2
1.5
1
0.5
11-14 September 2006
OECD International Trade Statistics
3 Months Later
Year Later 2 Years Later
Experts 1
Meeting
13
IN
D
FR
A
GB
R
GR
C
HU
N
FIN
ES
P
DE
U
DN
K
EM
U
CZ
E
AU
T
BE
L
BR
A
CA
N
CH
E
0
AU
S
Mean Absolute Revision(%)
3.5
Mean absolute revision to first estimates of year-on-year
growth rates for the Index of Industrial Production
3
2.5
2
1.5
1
0.5
3 Months Later
11-14 September 2006
1 Year Later
2 Years Later
OECD International Trade Statistics
Experts Meeting
14
ZA
F
US
A
TU
R
E
SW
SV
K
RU
S
PR
T
PO
L
NZ
L
NO
R
NL
D
EX
M
LU
X
KO
R
JP
N
IT
A
0
IR
L
Mean Absolute Revision(%)
3.5
0.9
0.8
0.7
0.6
0.5
0.4
0.3
0.2
0.1
1 year later 2 years later 3 years later
11-14 September 2006
OECD International Trade Statistics
Experts Meeting
15
US
A
PR
T
NZ
L
NO
R
NL
D
KO
R
JP
N
IT
A
GB
R
FR
A
N
FI
ES
P
DN
K
DE
U
CH
E
CA
N
BE
L
0
AU
S
Mean Absolute Revision(%)
Mean absolute revision to first estimates of
quarter-on-quarter growth rates for GDP
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
11-14 September 2006
OECD International Trade Statistics
Experts Meeting
16
Questions?
11-14 September 2006
OECD International Trade Statistics
Experts Meeting
17