Georgia: Technical Assistance Report-External Sector Statistics Mission

October 1, 2019

Preview Citation

Format: Chicago

Georgia: Technical Assistance Report-External Sector Statistics Mission, (USA: International Monetary Fund, 2019) accessed December 22, 2024

Summary

This Technical Assistance report on Georgia highlights the external sector statistics (ESS). The main objectives of the mission were to assess the Geostat’s progress in the area of ESS and provide further recommendations on improving the data collection and compilation for producing the financial account components, including direct investment statistics, in an integrated format. With the mission’s assistance and based on the analysis’ results, a method has been agreed for filling the gaps in coverage of imported cars and for addressing the limitations in valuation of re-exported cars. The mission stressed the need for improving the coverage of transactions related to gambling that have shown a growing trend in recent years, with increasing nonresidents’ activities. With the increasing workload due to the compilation and dissemination of new products or to enhancing the coverage and quality of existing products, and bearing in mind the staff turnover, there is need to consider allocating additional staff to the External Trade and Foreign Investments Statistics Department. In order to support progress, the mission recommended a detailed one-year action plan, with priority recommendations carrying weight to make headway in improving Georgia’s ESS.

Subject: Balance of payments, Balance of payments statistics, Economic and financial statistics, External sector statistics, Financial institutions, Foreign direct investment, Loans, Technology, Virtual currencies

Keywords: Balance of payments statistics, CR, Data, Enterprise, External sector statistics, Foreign direct investment, Geostat-NBG, Investment data, ISCR, Joint venture, Loan, Loan liability, Loans, Mirror trade data comparison, Revision approach, Virtual currencies

Publication Details

Pages:

24
Volume:

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DOI:

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Issue:

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Series:

Country Report No. 2019/306
Stock No:

1GEOEA2019002
ISBN:

9781513516035
ISSN:

1934-7685

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