for National Accounts (incl. GFS), BOP and FDI

Meeting of theAdvisory Expert Group (AEG) on National Accounts

September 8-10, 2014, Washington, DC

Background

OG membership and mandate

Maintenance agreement and timeline

State of play and next steps

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 20011 until 2013◦ Publication of V1.0 DSDs in September 2013◦ End of mandate for steering groups

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)

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

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)

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

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

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

Background

OG membership and mandate

Maintenance agreement and timeline

State of play and next steps

Thank you for your attention