Czech Republic joins IMF’s SDDS Plus statistical standard
The Czech Republic on 4 April 2016 joined eight other countries that have satisfied the criteria required by the International Monetary Fund’s SDDS Plus (Special Data Dissemination Standard Plus) statistical initiative.
SDDS Plus is aimed at publishing high-quality, transparent and internationally comparable macroeconomic data, expanded to include financial stability indicators to address data gaps identified during the recent global crisis.
| Marek Zeman Director, Communications Division, CNB |
Petra Báčová spokeswoman, CZSO |
Michal Žurovec Head of Public Relations and Communications Department, MoF |
More details
The new SDDS Plus builds on the existing SDDS, which the Czech Republic has been observing since 1998. It includes nine new indicators enabling monitoring of risks in the financial sector and the economy’s vulnerability to shocks. The time series presentation of the main macroeconomic and financial indicators has a unified structure and contains a methodological description in the open SDMX-ML format, which is particularly suitable for computerised data processing.
Accession to the new SDDS Plus standard is a result of close cooperation between economic, statistical and technical experts from the Czech National Bank (CNB), the Czech Statistical Office (CZSO) and the Czech Ministry of Finance (MoF), assisted by experts from the IMF. This cooperation included mapping and coding of items, registration of the prescribed data category sets in the IMF’s repository, drafting of detailed methodologies for new indicators, compilation of a publication schedule and creation of a new SDDS Plus national website. All the work was monitored, commented on and progressively approved by the IMF.
SDDS Plus data for the Czech Republic are presented on the CNB’s website at the following link:
/en/statistics/sdds-plus/