Recent Developments on egdds
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1 Recent Developments on egdds Mr. René Piché Deputy Division Chief IMF Statistics Department S T A T I S T I C S D E P A R T M E N T Fourth Meeting of the Steering Committee of The Arab Statistics Initiative Arabstat November 8-9, 2017 Abu Dhabi I N T E R N A T I O N A L M O N E T A R Y F U N D Reproducing this material or any part thereof should refer to the IMF Statistics Department as the source
2 Table of Contents The IMF Data Standards Initiatives The National Summary Data Page The OpenData Platform and the IMF SDMX Central Next Steps for the implementation of e-gdds I M F S T A T I S T I C S D E P A R T M E N T 2
3 IMF Standards for Data Dissemination The IMF launched the Data Standards Initiatives to enhance member countries data transparency and to promote their development of sound statistical systems. The need for data standards was highlighted by the financial crises of the mid-1990 s. Data dissemination standards enhance the availability of timely and comprehensive statistics, which contributes to sound macroeconomic policies and the efficient functioning of financial markets. The IMF has taken several important steps to enhance transparency and openness, including setting voluntary standards for the dissemination of economic and financial data. I M F S T A T I S T I C S D E P A R T M E N T 3
4 enhanced-general Data Dissemination System On May 1, 2015, the Executive Board discussed the Ninth Review of the IMF s Data Standards Initiatives. Directors supported staff s proposals for enhancing the General Data Dissemination System (GDDS). As a result, the successor, enhanced- General Data Dissemination System (e- GDDS), was established. Effective May 1, 2015, the e-gdds thus superseded the GDDS. The 112 GDDS participants were moved into the e-gdds framework s baseline by default. I M F S T A T I S T I C S D E P A R T M E N T 4
5 Participation in IMF Data Standards Initiatives I M F S T A T I S T I C S D E P A R T M E N T 5
6 What is the National Summary Data Page (NSDP)? Part of the IMF s data dissemination standards (SDDS, SDDS Plus, and e-gdds) Critical element of the e-gdds framework Requires (SDDS, SDDS Plus) or recommends (e- GDDS) countries to disseminate a standard set of data Countries disseminate data in human-readable and machine-readable (Statistical Data and Metadata Exchange (SDMX)) format for e-gdds and SDDS Plus IMF considering proposals for requiring SDMX for SDDS dissemination in the future I M F S T A T I S T I C S D E P A R T M E N T 6
7 What is the NSDP? (continued) NSDP is a table on a HTML webpage with one row for each of the e-gdds data categories showing: Hyperlink to national websites where data for the data category are available (human readable) Hyperlink to a SDMX file for the data category Link to metadata for the data category I M F S T A T I S T I C S D E P A R T M E N T 7
8 NSDP: Provides user friendly access to timely data on key macroeconomic and financial indicators I M F S T A T I S T I C S D E P A R T M E N T 8
9 e-gdds: Centralizing National Data Central Bank Statistical Agency National Summary Data Page (NSDP) IMF Other IFIs Ministry of Finance Macroeconomic and Financial Data other data General Public Data sourced from multiple agencies Single source for data based on SDMX format Data accessible by multiple users I M F S T A T I S T I C S D E P A R T M E N T 9
10 Benefits of Using the e-gdds Framework Harmonized data categories Ease of access for users (NSDP) Ease of publication (ODP, IMF SDMX Central) Disciplined timely dissemination (ARC) Monitoring of dissemination against the ARC Grouping countries according to dissemination practices Plans for improvement based on shortcomings identified Identification of capacity development needs Roadmap to meeting higher thresholds, including SDDS subscription I M F S T A T I S T I C S D E P A R T M E N T 10
11 African e-gdds Countries to date With an NSDP Benin Botswana Cameroon Lesotho Malawi Mozambique Namibia Nigeria Senegal Sierra Leone Swaziland Tanzania Uganda Zambia NSDP coming soon Cote d Ivoire Ghana Kenya I M F S T A T I S T I C S D E P A R T M E N T 11
12 Extent of Data Dissemination on the NSDP By Country Number of Categories Number of Series collected Number of Data periods Botswana 20 2, ,353 Benin 17 1, ,840 Lesotho 20 2, ,976 Malawi 17 1,746 35,962 Nigeria 22 2, ,526 Senegal ,537 Sierra Leone ,668 Namibia 24 2, ,245 Swaziland 20 2, ,251 Tanzania 23 2, ,216 Uganda 22 3, ,095 Zambia ,479 egdds NSDPs: About 24,000 time series regularly updated and available in machine-readable format I M F S T A T I S T I C S D E P A R T M E N T 12
13 E-GDDS: Options for Producing the NSDP The e-gdds NSDP requires a platform to disseminate data in SDMX format The OpenData Platform (ODP) is made available to African countries by the African Development Bank Until recently, no freely available option was available to other countries I M F S T A T I S T I C S D E P A R T M E N T 13
14 IMF SDMX Central: Your Gateway to the e-gdds NSDP SDMX Central is an online, cloud based tool provided by the IMF Countries can use SDMX Central to convert the e-gdds Data Templates to an SDMX-ML data file Go to org/ to access SDMX Central I M F S T A T I S T I C S D E P A R T M E N T 14
15 NSDP: SDMX Data from SDMX Central Montenegro Nepal Kosovo Albania Mongolia Jamaica Bangladesh Samoa Pilot countries making use of SDMX central for the e-gdds NSDP I M F S T A T I S T I C S D E P A R T M E N T 15
16 Cloud-based SDMX Central For countries without an existing SDMX infrastructure, IMF is providing access to a cloud-based tool that converts Excel or csv files to SDMX. Generate a csv or Excel file in the required format. Upload Excel files to the cloud-based tool, which validates the structure and converts to SDMX. Uses the IMF s defined dataset structure to map to country source data (EcoFin DSD) I M F S T A T I S T I C S D E P A R T M E N T 16
17 Use of EcoFin DSD EcoFin DSD: Economic and Financial Data Structure Definition used by the IMF for the exchange of statistical data Drives the SDMX for countries data dissemination Countries participating in e-gdds disseminate data using the EcoFin DSD Countries adhering to SDDS Plus also disseminate data using the EcoFin DSD I M F S T A T I S T I C S D E P A R T M E N T 17
18 Converting Excel Data to SDMX Option 1. Click on Data > Load Data Conversion: A simple process using data in Excel following a predefined structure I M F S T A T I S T I C S D E P A R T M E N T 18
19 Converting Excel Data to SDMX (2) 1. Select Data Source as Load from File Data Type as XLSX Data Structure as ECOFIN Data Structure Definition (1.0) 2. Click on Choose File to browse for the Excel Data file 3. Click on Load Data to submit for validation I M F S T A T I S T I C S D E P A R T M E N T 19
20 Converting Excel Data to SDMX (3) Save SDMX File on your network I M F S T A T I S T I C S D E P A R T M E N T 20
21 The SDMX File for NSDP Link the SDMX file to your NSDP I M F S T A T I S T I C S D E P A R T M E N T 21
22 Next Steps in Implementation of e-gdds The NSDP and Data for Surveillance Following completion of pilot NSDPs developed using SDMX Central, the IMF Statistics Department is re-examining its implementation strategy for e-gdds to: Ensure NSDP is the Go-to website for country surveillance needs Set procedures to maintain highest timeliness of NSDP data STA will reach out to Arabstat by year-end 2017 to discuss the e-gdds strategy using SDMX Central I M F S T A T I S T I C S D E P A R T M E N T 22
23 Thank You! I M F S T A T I S T I C S D E P A R T M E N T 23
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