The views expressed herein are those of the author and should not be attributed to the IMF, its Executive Board, or its management Meeting on the Management of Statistical Information Systems Washington, DC, May 2012 René Piché International Monetary Fund

Current PGI website Current PGI website SDMX – ongoing developments and limitations of PGI processes SDMX – ongoing developments and limitations of PGI processes New PGI data flow for enhanced data sharing New PGI data flow for enhanced data sharing Next steps Next steps 2

Principal Global Indicators Website Principal Global Indicators Website Launched in 2009 and hosted by the IMF Launched in 2009 and hosted by the IMF A joint undertaking of the Inter-Agency Group on Economic and Financial Statistics (IAG). A joint undertaking of the Inter-Agency Group on Economic and Financial Statistics (IAG). IAG: established in 2008 to coordinate statistical issues and data gaps highlighted by the global crisis IAG: established in 2008 to coordinate statistical issues and data gaps highlighted by the global crisis Bank for International Settlements (BIS), Bank for International Settlements (BIS), Bank for International Settlements Bank for International Settlements European Central Bank (ECB), European Central Bank (ECB), European Central Bank European Central Bank Eurostat, Eurostat, Eurostat IMF (Chair), IMF (Chair), IMF Organisation for Economic Co-operation and Development (OECD), Organisation for Economic Co-operation and Development (OECD), Organisation for Economic Co-operation and Development Organisation for Economic Co-operation and Development United Nations (UN), United Nations (UN), United Nations United Nations World Bank (WB). World Bank (WB). World Bank World Bank

Principal Global Indicators: provides information on major economic indicators for the Group of 20 economies (G-20) and the five members of the Financial Stability Board that are not part of the G-20 provides information on major economic indicators for the Group of 20 economies (G-20) and the five members of the Financial Stability Board that are not part of the G-20 covers financial, fiscal, external, and real sector statistics that are available at participating international agencies covers financial, fiscal, external, and real sector statistics that are available at participating international agencies Data are in comparable units of measure Data are in comparable units of measure Data accessible through mobile apps via the PGI SDMX web service Data accessible through mobile apps via the PGI SDMX web service Includes links to data available at websites of international and national agencies Includes links to data available at websites of international and national agencies

Data for the PGI website are fed from data in publications of international organizations Data for the PGI website are fed from data in publications of international organizations IMF International Financial Statistics IMF International Financial Statistics OECD Main Economic Indicators OECD Main Economic Indicators World Bank Quarterly External Debt Statistics World Bank Quarterly External Debt Statistics The Timeliness of PGI data is linked to the timeliness of the source publications The Timeliness of PGI data is linked to the timeliness of the source publications Key enabler for improving timeliness – the SDMX technical standards and content-oriented guidelines Key enabler for improving timeliness – the SDMX technical standards and content-oriented guidelines However: Very little flexibility in the current data work flow process to rely on alternate sources of data However: Very little flexibility in the current data work flow process to rely on alternate sources of data

7 IAG Agencies = 7 SDMX Sponsoring Agencies IAG is actively promoting SDMX implementation IAG is actively promoting SDMX implementation Implementing SDMX web services for dissemination— improving data sharing amongst IAG Implementing SDMX web services for dissemination— improving data sharing amongst IAG Developing SDMX Data Structure Definitions (DSDs) for “global” use for key economic domains (SNA, BOP) Developing SDMX Data Structure Definitions (DSDs) for “global” use for key economic domains (SNA, BOP) SDMX Sponsors set up 2 SDMX working groups SDMX Sponsors set up 2 SDMX working groups Technical WG focus on technical specifications and implementation of a global SDMX registry Technical WG focus on technical specifications and implementation of a global SDMX registry Statistical WG focus on guidelines for best practices for development and maintenance of DSDs Statistical WG focus on guidelines for best practices for development and maintenance of DSDs

The IMF has developed the generic infrastructure to “pull-transform-load” SDMX data from other IAG agencies web services The IMF has developed the generic infrastructure to “pull-transform-load” SDMX data from other IAG agencies web services Actively working with IAG agencies to increase the sharing of data on G20 and improve the timeliness of PGI data Actively working with IAG agencies to increase the sharing of data on G20 and improve the timeliness of PGI data The current PGI data flow and processes do not support fully leveraging the potential of available SDMX data The current PGI data flow and processes do not support fully leveraging the potential of available SDMX data

BIS OECD IMF PGI Data Flow Chart (as is) Data Query Load IMF Data Warehouse PGI Dataset WB IMF Data Warehouse (main repository) Extract Data based on PGI Load Queries Apply Transformations (magnitude, unit descriptor, definition of short term interest rate) Viewing PGI Tables defined in Presentation Queries

BIS OECD IMF IMF Data Warehouse (EDD) PGI Data Flow Chart (to be) PGI Dataset WB Alternative Timely Feeds New PGI Database Viewing PGI Tables

The views expressed herein are those of the author and should not be attributed to the IMF, its Executive Board, or its management PGI dataflow design

Complete the new PGI data work flow Complete the new PGI data work flow Dissemination hub but with controls and logic Dissemination hub but with controls and logic Review data sharing arrangements with Eurostat, ECB, OECD, WB, BIS to better leverage SDMX standards Review data sharing arrangements with Eurostat, ECB, OECD, WB, BIS to better leverage SDMX standards Investigate way to promote countries’ implementation of SDMX, including for countries’ SDDS “National Summary Data Page” Investigate way to promote countries’ implementation of SDMX, including for countries’ SDDS “National Summary Data Page” 11