E-Learning course on Introduction to Quarterly National Accounts (QNA), Economic Activity Indicators and Unobserved Economy

BACKGROUND

In the MEFMI region, the non-observed economy constitutes a large proportion of economic activity. However, data from the sector is hardly captured comprehensively. This negatively affects the robustness of national accounts data. Furthermore, many MEFMI client institutions have no scientific mechanism for estimating GDP in the interim before actual data is released by statistical offices, resulting in a considerable time lag. Even where statistical offices meet the 90 days international standard of producing and releasing quarterly national accounts, client institutions such as central banks and ministries of finance, which have forward-looking mandates, concerning monetary policy and the macro-fiscal framework, need early estimates for the current year.

OBJECTIVE
The course objective is to introduce a framework for early indicators of GDP using a set of high-frequency indicators, indices of perception, and non-survey methods. Secondly, it aims to introduce standardised methods for measuring non-observed economic activities, forecasting GDP and quarterly GDP. CONTENT The course will cover the construction of Indicators of Economic Activity, GDP Forecasting, issues involved in the compilation of Quarterly National Accounts and Non-Observed Economy.

TARGET GROUP

The course targets junior, middle to senior level officials involved in compilation and analysis of National Accounts from Statistics Offices, Central Banks, Ministries of Finance and Planning (or other agencies).