Latin America: Highlights from the Implementation of the System of National Accounts 1993 (1993 SNA)

53 Pages Posted: 18 Dec 2008

See all articles by Roberto Luis Olinto Ramos

Roberto Luis Olinto Ramos

Instituto Brasileiro de Geografia e Estatistica (IBGE)

G. Pastor

International Monetary Fund (IMF)

Lisbeth Rivas

International Monetary Fund (IMF)

Date Written: October 2008

Abstract

This paper reviews the Latin American experience with the implementation of 1993 SNA and the updating of the national accounts' base year. It also makes a preliminary assessment of the possible estimation biases in nominal GDP estimates stemming from the use of outdated national accounts base years, downwards biases with household final consumption estimates, and an overestimation of gross fixed capital formation in construction activities.

Keywords: Latin America, South America, Caribbean, National accounts, Data collection, Gross domestic product, Capital formation, Reports on the Observance of Standards and Codes, Consumption

Suggested Citation

Olinto Ramos, Roberto Luis and Pastor, G. and Rivas, Lisbeth, Latin America: Highlights from the Implementation of the System of National Accounts 1993 (1993 SNA) (October 2008). IMF Working Paper No. 08/239, Available at SSRN: https://ssrn.com/abstract=1316707

Roberto Luis Olinto Ramos

Instituto Brasileiro de Geografia e Estatistica (IBGE) ( email )

Department of National Accounts
Rio de Janeiro
Brazil

G. Pastor

International Monetary Fund (IMF) ( email )

700 19th Street NW
Washington, DC 20431
United States

Lisbeth Rivas (Contact Author)

International Monetary Fund (IMF) ( email )

700 19th Street, N.W.
Washington, DC 20431
United States

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