SDMX Ownership Group for National Accounts incl GFS

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SDMX Ownership Group for National Accounts (incl. GFS), BOP and FDI Meeting of the

SDMX Ownership Group for National Accounts (incl. GFS), BOP and FDI Meeting of the Advisory Expert Group (AEG) on National Accounts September 8 -10, 2014, Washington, DC

SDMX Ownership Group for NA & GFS, BOP, FDI � Background � OG membership

SDMX Ownership Group for NA & GFS, BOP, FDI � Background � OG membership and mandate � Maintenance � State agreement and timeline of play and next steps

Background � 2 SDMX implementation projects ◦ …for National Accounts (SNA 2008 / ESA

Background � 2 SDMX implementation projects ◦ …for National Accounts (SNA 2008 / ESA 2010) ◦ …for Balance of Payments (BPM 6) and Foreign Direct Investment (BMD 4) � 2 project steering groups and 2 technical groups � Running from 20011 until 2013 ◦ Publication of V 1. 0 DSDs in September 2013 ◦ End of mandate for steering groups

Ownership Group (OG) � Mandated by SDMX Sponsors in January 2014 � As a

Ownership Group (OG) � Mandated by SDMX Sponsors in January 2014 � As a single OG for NA & GFS, BOP and FDI � Representation of management from content and SDMX side � Oversees maintenance of SDMX artefacts � Mandated technical groups ◦ 1 on BOP and FDI; 1 on NA and GFS � Close cooperation with IAG Task Force international data cooperation (TFIDC)

OG Membership � ECB: Tjeerd Jellema, Gerard Salou, Henrik Schwartzlose � Eurostat: � IMF:

OG Membership � ECB: Tjeerd Jellema, Gerard Salou, Henrik Schwartzlose � Eurostat: � IMF: Silke Stapel-Weber, August Götzfried Rene Piche, Ralph Kozlow, Floriana Tanase � OECD: Peter van de Ven, Maria Borga, David Barraclough � UNSD: Herman Smith � Chair: OECD, Secretary: Eurostat � BIS and World Bank as observers

Maintenance Agreement � Maintenance Agencies (MA) defined: ◦ BOP: IMF ◦ FDI: OECD ◦

Maintenance Agreement � Maintenance Agencies (MA) defined: ◦ BOP: IMF ◦ FDI: OECD ◦ NA and GFS: Eurostat � MA will only apply changes agreed upon by OG � Change requests may lead to… ◦ Structural changes: major release (e. g. SNA 2025 ) ◦ Annual maintenence release (regular case) ◦ Fast-track maintenance release (only for small changes limited to selected dataflows) (subject to review during next annual release)

Annual Maintenance Timeline � Until April: anybody can request changes � Until June: consolidation

Annual Maintenance Timeline � Until April: anybody can request changes � Until June: consolidation of change requests and OG discussion � Until December: consultation with constituencies and implementation planning � December: approval of new version � Until March Y+1: testing and bug-fixing � April Y+1: MA publishes new version

State of Play � V 1. 1 published in Jan 2014 � V 1.

State of Play � V 1. 1 published in Jan 2014 � V 1. 2 in April 2014 in SDMX Global Registry ◦ V 1. 3 fast-track release for NA Sector Accounts (to fix a mistake in one code list) � V 1. 4 regular release currently in preparation � Next OG meeting: November 2014 ◦ Inclusion of IMF GFSM coding ◦ Support for SNA 93 in the context of international data cooperation ◦ Support for additional dataflows (e. g. GNI, EDP) ◦ Minor additions to existing code lists

Next Steps � Implementation of ESA 2010 in Europe ◦ First legal deadlines end-September

Next Steps � Implementation of ESA 2010 in Europe ◦ First legal deadlines end-September 2014 ◦ Extensive support of countries during implementation � Fostering SDMX for NA globally ◦ IAG International Data Cooperation pilot projects (Main aggregates and population; Sector Accounts) ◦ Support for SNA 93 within the SDMX-NA package

SDMX Ownership Group for NA & GFS, BOP, FDI � Background � OG membership

SDMX Ownership Group for NA & GFS, BOP, FDI � Background � OG membership and mandate � Maintenance � State agreement and timeline of play and next steps � Thank you for your attention

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