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For National Accounts (incl. GFS), BOP and FDI Meeting of the Advisory Expert Group (AEG) on National Accounts September 8-10, 2014, Washington, DC.

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Presentation on theme: "For National Accounts (incl. GFS), BOP and FDI Meeting of the Advisory Expert Group (AEG) on National Accounts September 8-10, 2014, Washington, DC."— Presentation transcript:

1 for National Accounts (incl. GFS), BOP and FDI Meeting of the Advisory Expert Group (AEG) on National Accounts September 8-10, 2014, Washington, DC

2  Background  OG membership and mandate  Maintenance agreement and timeline  State of play and next steps

3  2 SDMX implementation projects ◦ …for National Accounts (SNA2008 / ESA 2010) ◦ …for Balance of Payments (BPM6) and Foreign Direct Investment (BMD4)  2 project steering groups and 2 technical groups  Running from until 2013 ◦ Publication of V1.0 DSDs in September 2013 ◦ End of mandate for steering groups

4  Mandated by SDMX Sponsors in January 2014  As a single OG for NA & GFS, BOP and FDI  Representation of management from content and SDMX side  Oversees maintenance of SDMX artefacts  Mandated technical groups ◦ 1 on BOP and FDI; 1 on NA and GFS  Close cooperation with IAG Task Force international data cooperation (TFIDC)

5  ECB: Tjeerd Jellema, Gerard Salou, Henrik Schwartzlose  Eurostat: Silke Stapel-Weber, August Götzfried  IMF: Rene Piche, Ralph Kozlow, Floriana Tanase  OECD: Peter van de Ven, Maria Borga, David Barraclough  UNSD: Herman Smith  Chair: OECD, Secretary: Eurostat  BIS and World Bank as observers

6  Maintenance Agencies (MA) defined: ◦ BOP: IMF ◦ FDI: OECD ◦ NA and GFS: Eurostat  MA will only apply changes agreed upon by OG  Change requests may lead to… ◦ Structural changes: major release (e.g. SNA2025 ) ◦ Annual maintenence release (regular case) ◦ Fast-track maintenance release (only for small changes limited to selected dataflows) (subject to review during next annual release)

7  Until April: anybody can request changes  Until June: consolidation of change requests and OG discussion  Until December: consultation with constituencies and implementation planning  December: approval of new version  Until March Y+1: testing and bug-fixing  April Y+1: MA publishes new version

8  V1.1 published in Jan 2014  V1.2 in April 2014 in SDMX Global Registry ◦ V1.3 fast-track release for NA Sector Accounts (to fix a mistake in one code list)  V1.4 regular release currently in preparation ◦ Inclusion of IMF GFSM coding ◦ Support for SNA93 in the context of international data cooperation ◦ Support for additional dataflows (e.g. GNI, EDP) ◦ Minor additions to existing code lists  Next OG meeting: November 2014

9  Implementation of ESA 2010 in Europe ◦ First legal deadlines end-September 2014 ◦ Extensive support of countries during implementation  Fostering SDMX for NA globally ◦ IAG International Data Cooperation pilot projects (Main aggregates and population; Sector Accounts) ◦ Support for SNA93 within the SDMX-NA package

10  Background  OG membership and mandate  Maintenance agreement and timeline  State of play and next steps  Thank you for your attention


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