Flash estimates of GDP - PowerPoint PPT Presentation

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Flash estimates of GDP

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Flash estimates of GDP Roberto Barcellan European Commission - Eurostat Introduction GDP is the the indicator able to resume the economic performance of a ... – PowerPoint PPT presentation

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Title: Flash estimates of GDP


1
Flash estimates of GDP
  • Roberto Barcellan
  • European Commission - Eurostat

2
Introduction
  • GDP is the the indicator able to resume the
    economic performance of a country
  • GDP is the ultimate product of the statistical
    chain
  • Crisis need for early estimates of GDP
  • Methodological and technical debates
  • A standalone rapid estimate of GDP is not
    sufficient for policy makers
  • Sequence of statistical products
  • Set of indicators

3
GDP a sequence of statistical products
4
Who does what?
5
The dashboard approach
  • Set of coherent macroeconomic key indicators
  • Flexible to adapt to evolving needs
  • information on
  • Prices
  • national accounts
  • labour market statistics
  • short-term statistics
  • external trade
  • Dynamic evolution

6
Framework the pyramid of statistical information
7
Information and rapid estimates
8
How to move towards rapid estimates of a set of
indicators?
  • Define the dashboard
  • Define the typology of statistical product
  • glossary
  • International cooperation for guidelines and
    strategic short, medium and long term objectives
  • handbooks
  • Methodological background
  • Seminars and sharing best practices

9
Creating a culture of rapid estimates
  • Adequate communication
  • Transparency
  • Pre-defined release windows
  • What does estimate what?
  • Promoting the dashboard

10
Summary ideas
  • Importance of rapid estimates
  • Sequence of statistical products fit for purpose
  • For each product basic information and
    methodology
  • Dashboard
  • Outcome of a coordinated statistical production
    process
  • Communication

11
  • Thank you for your attention!
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