An Algorithm to Balance Supply and Use Tables

October 25, 2018

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Format: Chicago

Michael Stanger. An Algorithm to Balance Supply and Use Tables, (USA: International Monetary Fund, 2018) accessed December 21, 2024

Disclaimer: This Technical Guidance Note should not be reported as representing the views of the IMF. The views expressed in this Note are those of the author(s) and do not necessarily represent the views of the IMF, its Executive Board, or IMF management.

Summary

A Supply and Use Table (SUT) serve to increase the quality of GDP and related aggregates by providing a framework to detect and resolve inconsistencies in data sources. SUTs are also a powerful analytical tool that permit users to access information on detailed production functions, consumption, export, and import baskets, or to derive input-output tables. SUT compilation is data intensive and requires a balancing process. The balancing procedure is labor intensive and generally requires several long and sometimes tedious iterations, which has an adverse effect on timeliness. This note describes a basic algorithm developed by the IMF to balance supply and use tables automatically, allowing a much faster SUT balancing process. For training purposes, this algorithm has been implemented as an Excel tool SUTB, making it operational almost globally. The optimization process is illustrated with an example.

Subject: Consumption, Exports, Household consumption, Imports, International trade, National accounts

Keywords: Consumption, Exports, GDP, Household consumption, Imports, Input data, Input-Output Tables, Secondary product, Supply and Use Tables, Supply matrix, SUT algorithm, SUT balancing, SUT compilation, SUT framework, System of National Accounts 2008 (2008 SNA), TNM

Publication Details

Pages:

28
Volume:

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DOI:

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Issue:

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Series:

Technical Notes and Manuals No. 2018/003
Stock No:

TNMEA2018003
ISBN:

9781484363966
ISSN:

2075-8669

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