A Monthly Indicator of Economic Growth for Low Income Countries

26 Pages Posted: 10 Jun 2020

Date Written: January 2020

Abstract

Monthly economic indicators support policy analysis of current economic developments and forecasting. This paper presents an overview of the data and statistical requirements to develop those indicators taking into account resource constraints that LIC typically face. We review statistical procedures for developing these indicators under the System of National Accounts and propose a general procedure to derive a monthly composite indicator of economic growth in low income economies.

Keywords: Indicators of economic activity, Financial statistics, National accounts aggregates, Price indexes, Cyclical indicators, Economic activity, System of National Accounts, GDP, WP, source data, target variable, IPI, indicator

JEL Classification: E01, E23, C43, C, O14, G21

Suggested Citation

Stanger, Michael, A Monthly Indicator of Economic Growth for Low Income Countries (January 2020). IMF Working Paper No. 20/13, Available at SSRN: https://ssrn.com/abstract=3623872

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