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Standards Bulletin Board Special Data Dissemination Standard Site (SDDS) General Data Dissemination System Site (GDDS) Introduction Metadata What's New Contact Us Data Quality Reference Site (DQRS) |
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| 1. What is the goal of the GDDS? | |
| The principal goal of the GDDS is to assist countries in the development of their overall statistical systems. The emphasis is on the quality of the data and the dissemination practices for economic, financial, and socio-demographic statistics. | |
| The GDDS focuses on assisting countries to formulate comprehensive, but prioritized, plans for improvement in compilation and dissemination practices. In this respect, the country information developed by national statistical agencies describes: (a) improvements that have been implemented in the recent past, such as
adoption of practices set out in the "System of National Accounts 1993" or in the fifth edition of the "Balance of Payments Manual", or the introduction of an enterprise survey; and (b) plans for improvement that address remaining shortcomings in the short and medium term. |
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To provide a framework for improving statistical systems, the GDDS sets out objectives for data production and dissemination. These objectives relate to four properties ("dimensions"): | |
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| 2. Why was the GDDS introduced? | |
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In the wake of several severe international financial crises that began in 1994, there was heightened awareness that the ready availability of comprehensive, reliable, and timely data would facilitate the formulation, implementation, and monitoring of sound macroeconomic policies and investment decisions, thereby reducing the frequency and moderating the severity of future crises. |
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| 3. When was the GDDS introduced? | |
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In October 1995, the Interim Committee of the Fund's Board of Governors recommended the establishment of a two-tier standard: the Special Data Dissemination Standard (SDDS), and the General Data Dissemination System (GDDS). The formal decisions to establish the SDDS and GDDS were taken in March 1996 and December 1997, respectively. During a review of the IMF's data standards in March 2000, the Executive Board upgraded specific components of external debt and debt service within the GDDS, and in November 2001 it approved the newly articulated socio-demographic component of the GDDS. |
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| 4. How does the Fund support the GDDS? | |
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Responsibility for implementing the GDDS rests at the individual country level. A country has flexibility in selecting both the pace and method of implementation. |
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| 5. How do countries participate? What are the requirements for participation? | |
| Participation by Fund members in the GDDS is voluntary. It involves a commitment to undertake three actions relative to the GDDS: | |
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| Participants in the GDDS are expected to review and, if necessary, update their metadata at least once a year. The purpose of these reviews is to maintain the currentness and relevance of the descriptions provided, and to adapt plans for improvement as progress is made with their implementation and as new initiatives are adopted to address evolving needs. Participating member countries are encouraged to promote local awareness of practices and initiatives by posting the GDDS metadata (perhaps in the national language(s)) on national websites. | |
| 6. Which countries participate in the GDDS? | |
| Participation in the GDDS is open to all member countries of the IMF. Participating countries have their metadata posted on the IMF's Dissemination Standards Bulletin Board. | |
| 7. Who benefits from the GDDS? | |
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Among the principal potential beneficiaries of the GDDS are national statistical agencies, the users of data, and the providers of technical assistance. | |
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| 8. What is the relationship between the metadata prepared by countries and the data they disseminate? |
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| The metadata describe countries' statistical practices with respect to the production and dissemination of economic, financial, and socio-demographic data. Actual country data can be found in the national publications (electronic or hard copy) that are referenced in the metadata. Data cannot currently be accessed directly through the GDDS site on the Dissemination Standards Bulletin Board. However, countries posting metadata on their national websites may choose to develop hyperlinks to their data. | |
| 9. What is the relationship between the GDDS and the SDDS? |
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| In establishing the GDDS and the SDDS, the IMF recognized that different needs can lead member countries to subscribe to or participate in one or the other system. The GDDS is less prescriptive than the SDDS, which sets specific standards that must be observed by subscribing countries. The GDDS provides recommendations on good practice for the production and dissemination of statistics (generally less demanding than the corresponding requirements of the SDDS), but the emphasis is on progress over time toward higher quality data that are disseminated more frequently and in a more timely fashion. | |
| Other differences between the two systems are: | |
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| 10. Can countries move from the GDDS to the SDDS? | |
| Participation in the GDDS is open to all Fund members, whereas the SDDS is intended for member countries having or seeking access to international capital markets. However, some countries may view the GDDS as a stepping-stone toward the SDDS as they make progress to meet requirements of this more demanding standard. Information on the SDDS is also available on the Dissemination Standards Bulletin Board. |
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