INTERNATIONAL MONETARY

FUND

Sectoral Accounts and Balance Sheets

(Recommendation 15)

Status of IMF Technical Assistance

Kim Zieschang
Statistics Department, IMF

IMF Training on sectoral accounts

STA conducted regional training on sectoral accounts and

balance sheets as follows:
Singapore Regional Training Institute (March 2012)
9

countries (Hong Kong, SAR, India, Indonesia, Malaysia, Pakistan, Philippines, Republic
of Korea, Singapore, and Thailand).

Joint Vienna Institute (September 2012)

17 countries (Belarus; Bulgaria; China, Mainland; Czech Republic; Estonia; Hungary;
Iceland; Latvia; Lithuania; Poland; Romania; Russian Federation; Slovak Republic;
Slovenia; South Africa; Turkey; and Ukraine).

Singapore Regional Training Institute (April 2013)

9

countries (China, Mainland, India, Indonesia, Malaysia, Pakistan, Philippines, Republic

of Korea, Singapore, and Thailand).

IMF Technical Assistance

STA conducted missions on sectoral accounts and balance sheets

during FY 2012 and 13 to the following five countries

Russia (October/November 2011)

Thailand (July 2012)
Philippines (July/August 2012)
South Africa (November 2012)
Indonesia (December 2012)
Missions assisted the countries in designing work programs for developing sectoral
accounts and balance sheets.
Specific data sources and possible compilation methods were discussed with these
countries.
The Templates for Minimum and Encouraged Set of internationally Comparable Sectoral
Accounts and Balance Sheets developed by the Working Group on Sectoral Accounts
provided the basis for discussion with these countries.

http://www.imf.org/external/np/sta/templates/sectacct/index.htm and
http://unstats.un.org/unsd/nationalaccount/imp.asp

Plans for FY 2014

Initiate missions to Brazil, Mexico, and

Turkey

Regional Workshop for Indonesia,

Thailand, and Philippines
Follow-up missions to Indonesia and
Thailand

Current status and future plans

Current status

Russia

Annual sectoral current and capital accounts are disseminated

regularly. These accounts does not follow institutional sector
classification completely.
Sectoral financial accounts and balance sheets are not compiled.

Work plan

Quarterly current and capital accounts and annual stocks of produced

nonfinancial assets by institutional sectors (2016)*- for the period 201214.
Quarterly sectoral stocks and transactions of financial assets and
liabilities (2016)- for the period 2012-14.

* indicates expected month / year of completion

Current status and future plans

Current status

Thailand

Annual current and capital accounts for general government and

NPISHs. Annual flow of fund accounts by institutional sectors
compiled.
Stocks of fixed assets by economic activity compiled.

Work plan

Experimental annual current and capital accounts by institutional

sectors (2013)- for the period 2010-12.
Experimental annual /quarterly sectoral stocks of financial assets and
liabilities (2014) and quarterly sectoral financial accounts (2015)
Development of methodology and data sources for the compilation of
stocks of produced nonfinancial assets (2014).

Current status and future plans

Current status

Philippines

Annual and quarterly financial accounts by institutional sector

compiled. Quarterly accounts not disseminated due to weaknesses in
the compilation process.
Experimental sectoral current accounts are compiled, but not
disseminated.

Work plan

Improve financial account and initiate development of sectoral current

and capital accounts.

Current status and future plans

Current status

South Africa

Current and capital accounts on annual basis, and flow of fund

accounts on annual and quarterly basis are compiled by institutional
sectors.
Annual household balance sheet for selected household assets and
liabilities. Balance sheets for other sectors not compiled.
Experimental estimates of annual stocks of some mineral resources.

Work plan

Develop /improve quarterly stocks and transactions of financial assets

and liabilities by institutional sectors (Dec 2014).
Improve compilation of annual stocks of produced nonfinancial assets
by institutional sectors (Dec 2014).
Improve compilation of annual stocks of sub-soil assets and develop
methods for the compilation of stocks of land (Dec 2014).

Current status and future plans

Current status

Indonesia

Full sequence of transaction accounts (experimental) compiled on an

annual basis for some sectors.
Annual flow of funds covering main institutional sectors and quarterly
flow of funds with limited institutional breakdown disseminated
regularly.

Work plan

Annual current and capital accounts by institutional sectors (2015)- for

the period starting from 2010.
Annual stocks and transactions of financial assets and liabilities
(2015)- for the period starting from 2010.
Annual stocks of produced nonfinancial assets (2015)- for the period
starting from 2010.
Quarterly stocks and transactions of financial assets and liabilities
(2017)- for the period starting from 2012.

10

Data Collection and Validation

Task Force established by the IAG to organize and steer pilot projects
on the collection and validation of national accounts statistics among
member institutions

Pilot projects to focus on the following datasets:

(i) GDP and main aggregates (including population), and

(ii) sectoral accounts

Pilot projects to begin in September 2013 and will run for two years

First meeting of the Task Force took place in April 2013

Data collection templates being developed for GDP and main aggregates
(including population)
For sector accounts, the templates and data collection arrangements that were
agreed by the Working Group on Sectoral Accounts to be followed

Participating agencies are expected to continue to follow their data

collection practices during the pilot projects
IMF Statistics Department