Quarterly Update on the Special Data Dissemination Standard
Third Quarter 2011
December 7, 2011
Observance Status
As of the end of the third quarter of 2011, 67 of all 68 SDDS subscribers were in observance of the SDDS requirements for the coverage, periodicity, and timeliness of the data and for the dissemination of advance release calendars (ARCs) (Table 1). The IMF's Dissemination Standards Bulletin Board (DSBB) disseminates a complete list of SDDS subscribers.
Table 1. SDDS Indicators |
Indicators |
As of September 30,2010 |
As of June 30,2011 |
As of September 30,2011 |
Number of subscribers1 |
68 |
68 |
68 |
Number of countries officially in observance2,3 |
68 |
68 |
67 |
1On November 21, 2011, the former Yugoslav Republic of Macedonia became the 69th SDDS subscriber.
2Observance of the requirements of the SDDS with respect to the coverage, periodicity, and timeliness of the data and the use of ARCs. Other elements of the SDDS dealing with the integrity and quality of the data are on a self-disclosure basis, with subscribers providing information on which users can make their own judgments. A subscriber experiencing difficulties in meeting SDDS requirements is not automatically in ''nonobservance'' of the SDDS. When deviations from SDDS requirements occur, the IMF staff tries to resolve the issue with the subscriber, and then, if necessary, through the Executive Director. If these efforts fail, the matter is brought to the attention of the subscriber’s Governor for the Fund. A subscriber is officially declared in ''nonobservance'' only when a note to that effect is posted on the DSBB.
3In July 2011, a notice regarding Argentina’s observance of the SDDS was posted on the DSBB.
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Monitoring Punctuality of Data Releases
The IMF monitors the punctuality of data releases of each SDDS subscriber. Punctuality is monitored by comparing the first appearance of new information on the subscriber’s National Summary Data Page (NSDP) against the last release date announced in the subscriber’s ARC for each of the SDDS data categories. The ARC release dates should meet the SDDS timeliness requirements for the various data categories. Table 2 contains monitoring results for the third quarter of 2011, showing comparisons with results for the second quarter of 2011, and those for the third quarter of 2010. Year on year, the punctuality of data releases for the third quarter of 2011 increased for annual data and for quarterly data (except for central government debt and external debt), but decreased for monthly data (except for production index, consumer prices, producer prices and merchandise trade). Quarter on quarter, the punctuality of data releases for the third quarter of 2011 increased for annual data (except for international investment position), but decreased for monthly data (except for consumer prices and central government operations), and for quarterly data (except for employment, unemployment, and wages and earnings).
Compared with historical averages since the third quarter of 2000, when monitoring was introduced, the punctuality of data releases for the third quarter of 2011 increased for annual data, for quarterly data (except for external debt), and for monthly data (except for production index, producer prices, and official reserves).
Table 2. Monitoring Punctuality of Data Releases
Quarter 3 2000 - Quarter 3 20111 |
Data Categories |
Historical Average since Q3/00 (standard deviation) |
Q3/10 Revised |
Q2/11 Revised |
Q3/11 |
Monthly data |
89.8
(3.7) |
91.7 |
92.8 |
90.7 |
Production index |
91.2
(4.4) |
89.5 |
94.1 |
89.9 |
Consumer prices |
94.0
(3.6) |
94.0 |
96.0 |
96.0 |
Producer prices |
92.1
(3.6) |
91.9 |
95.5 |
92.0 |
Central government operations |
80.9
(4.8) |
86.9 |
84.5 |
84.7 |
Analytical accounts of banking sector |
89.8
(4.0) |
90.5 |
91.5 |
90.0 |
Analytical accounts of central bank |
89.8
(5.1) |
95.5 |
93.1 |
91.1 |
Official reserves |
89.4
(3.8) |
92.0 |
92.5 |
89.2 |
Reserves template |
91.1
(4.4) |
94.1 |
95.0 |
91.5 |
Merchandise trade |
91.1
(4.4) |
91.2 |
92.6 |
91.7 |
Quarterly data |
90.0
(4.8) |
90.2 |
94.8 |
93.4 |
National accounts |
90.1
(6.9) |
88.4 |
98.4 |
92.6 |
Employment |
91.6
(4.8) |
89.6 |
95.5 |
98.2 |
Unemployment |
92.2
(4.2) |
94.2 |
96.0 |
96.0 |
Wages and earnings |
89.8
(5.4) |
91.7 |
89.3 |
96.4 |
Central government debt |
84.3
(6.1) |
87.8 |
89.1 |
85.0 |
Balance of payments |
92.4
(5.2) |
91.7 |
99.0 |
97.9 |
External debt |
89.8
(4.8) |
87.8 |
95.9 |
87.7 |
Annual data |
83.7
(3.7) |
83.3 |
88.7 |
88.8 |
General government operations |
79.1
(6.2) |
78.1 |
82.7 |
84.8 |
International investment position |
87.5
(5.2) |
88.5 |
94.7 |
92.7 |
1Percentage of data categories subscribers disseminated on their NSDP in accordance with SDDS timeliness requirements (quarterly averages). |