CPIs are also used to index other payments, such as interest payments or rents, or the prices of bonds. in May and June, as well as indicators of a stronger recovery in the third quarter. Latin America’s Commodity Dependence: What if the Boom Turns to Bust? The database was constructed by bringing together a number of other datasets and information from original sources. International Monetary Fund. The Board of Governors, the highest decision-making body of the IMF, consists of one governor and one alternate governor for each member country. The old presentation is used for those countries that do not use the SRFs for reporting Monetary data and presented under Non-SRF Countries. The COFER website disseminates end-of-period quarterly data on COFER in the format of statistical aggregates. Recent exchange rate movements have been unusually large, triggering a debate regarding their likely effects on trade. The DOTS yearbook gives seven years of data for about 187 countries. The Primary Commodity Price data are updated monthly. The IMF provides policy advice and financing to members in economic difficulties and also works with developing nations to help them achieve macroeconomic stability and reduce poverty. Although housing investment fell especially sharply during the crisis, business investment accounts for the bulk of the slump, and the overriding factor holding it back has been the overall weakness of economic activity. The IMF’s application programming interface (API) provides access to economic and financial data of more than 180 countries over more than 60 years. Data cited at: World Economic Outlook, October 2020, The International Monetary Fund. Upon joining, each member country of the IMF is assigned a quota, based broadly on its relative size in the world economy. Here’s an updated chunk of code for the retrieval of information on Australia’s export prices. : Macao, Montserrat, and the Netherlands Antilles. Balance of payments data are available for approximately 192 economies and international investment position data are available for approximately 152 economies. The concepts of residency criterion and control are determined based on FSI Guide methodology which is in line with international best practices such as Systems of National Accounts. iii) Other Financial Corporations. The boost to exports associated with currency depreciation is found to be largest in countries with initial economic slack and with domestic financial systems that are operating normally. Economic developments in the Middle East, North Africa, Afghanistan, and Pakistan (MENAP) continue to reflect the diversity of conditions prevailing across the region. One measure captures diversification into new product lines, the other development of a more balanced mix of existing products. ( Log Out /  But over the medium term, this shift may offer sub-Saharan African countries the opportunity to diversify their economies away from natural resources, and create jobs for their young populations, provided they pursue the right policies to foster competitiveness and integrate into global value chains. Most high-income oil exporters, primarily in the GCC, continue to record steady growth and solid economic and financial fundamentals, albeit with medium-term challenges that need to be addressed. CPIs are widely used to index pensions and social security benefits. They are used by some governments or central banks to set inflation targets for purposes of monetary policy. The chapter’s analysis suggests that potential output growth in advanced economies is likely to increase slightly from current rates as some crisis-related effects wear off, but to remain below precrisis rates in the medium term. And yet other countries, mostly oil importers, are making continued but uneven progress in advancing their economic agenda, often in tandem with political transitions and amidst difficult social conditions. Like Janus, the Roman god, Africa’s trade is now, as it were, facing both east and west. The International Monetary Fund's (IMF) eLibrary simplifies analysis and research with direct access to the IMF’s periodicals, books, working papers and studies, and data and statistical tools. Contains 180 time series and 65 indicators that are expressed as ratios to GDP, land area, or adult population to facilitate cross-economy comparisons. It provides an overview of fiscal reporting, including whether fiscal data are available for all of the general government, whether the government reports a balance sheet, and whether spending and revenue are reported on a cash or accrual basis. Quick data summaries and visualizations on trending industry, political, and socioeconomic topics from Knoema’s database. The Balance sheet shows stock positions in assets and liabilities, with their main components, as well as net worth and net financial worth. Although these effects fully materialize over a number of years, much of the adjustment occurs in the first year. In addition to the well-known gains from international trade, Africa’s trade reorientation is also beneficial because it has broadened the region’s export base and linked Africa more strongly to rapidly growing parts of the global economy. Commodity prices have declined sharply over the past three years, and output growth has slowed considerably among those emerging market and developing economies that are net exporters of commodities. The export diversification and quality database was developed by IMF staff under an IMF-DFID research collaboration. The Currency Composition of Official Foreign Exchange Reserves(COFER) database is managed by the Statistics Department of the International Monetary Fund (IMF). Our study also looks at the effect of a sharp decline in commodity prices on emerging market economies and on the policies that could shield countries from that shock. This dataset provides an overview of government operations and stock positions, as well as several derived balances. However, China’s shift from an investment-heavy, export led growth strategy to an economic model that relies more on domestic consumption has led to a dramatic decline in commodity prices. The Fiscal Monitor surveys and analyzes the latest public finance developments, it updates fiscal implications of the crisis and medium-term fiscal projections, and assesses policies to put public finances on a sustainable footing. It aims to provide a comprehensive account of official foreign currency assets and drains on such resources arising from various foreign/domestic currency liabilities and commitments of the authorities. Global growth is projected at −4.4 percent in 2020, a less severe contraction than forecast in the June 2020 World Economic Outlook (WEO) Update. 1) level. IMFBlog2017-04-15T14:16:35-04:00October 25, 2011|. Detailed monetary statistics based on the standardized report forms reflecting the conceptual framework of the above Manual and its predecessors. As per G20 emerging economies, while the holdings of equity and investment fund shares had already been consistently higher than those of debt securities, during the last five years the gap has widened even further. Our website uses cookies to improve your online experience. The Export Diversification Database has three main indicators: the Export Diversification Index, the Extensive Margin, and the Intensive Margin. Fill in your details below or click an icon to log in: You are commenting using your WordPress.com account. These countries have accepted the obligations of Article VIII, Sections 2, 3, and 4 of the Articles of Agreement. Imports are reported on a cost, insurance and freight (CIF) basis and exports are reported on a free on board (FOB) basis, with the exception of a few countries for which imports are also available FOB. It wasn’t all that long ago when virtually all of sub-Saharan Africa’s exports were destined for Europe and North America. When run in a jupyter notebook cell, this version returns a graph of the 12-month percent change in the Australian export price index. It consists of the goods and services account, the primary income account, the secondary income account, the capital account, and the financial account. (more…), IMFBlog2017-04-15T14:16:21-04:00October 30, 2011|. For a description of the various FSIs, as well as the consolidation basis, consolidation adjustments, and accounting rules followed, please refer to the concepts and definitions document in the document tab. The IMF currently has a near-global membership of 188 countries. More worrisome than the subdued global growth outlook, risks are building up especially in Europe—and these include an extreme scenario with financial disruption. And exactly what policies are needed? COFER data for individual countries are strictly confidential. Please visit Principal Global Indicators - Data by Indicator for other set of Principal Global Indicators. Data are available for most IMF member countries with some aggregates calculated for select regions, plus some world totals. For the most recent years, the data are linked to the IMF World Economic Outlook (WEO) database to facilitate regular updates. Please refer to the IMF’s Special Terms and Conditions Pertaining to the Use of Data. In emerging market economies, in contrast, it began only after the crisis. The following tutorial shows how to use python’s requests package to get data directly from the International Monetary Fund (IMF). In exporters of energy commodities, the drag is estimated to be larger: about 2¼ percentage points on average over the same period. An economy provides data on its holdings of portfolio investment securities (data are separately requested for equity and investment fund shares, long-term debt instruments, and short-term debt instruments). iii) Foreign assets and liabilities. True, some of this lackluster economic performance reflects global factors, particularly the uncertainty surrounding the lingering European crisis, but also temporary factors related to the Japanese earthquake. However, the bulk of global trade still consists of conventional trade, and there is little evidence of a general trend toward disconnect between exchange rates and total exports and imports. Data cited at: Coordinated Direct Investment Survey, The International Monetary Fund. Near-term risks are to the downside and tied to the fortunes of large trading partners. Let’s add more meaningful headers and set the date as our index. The database includes all systemic banking, currency, and sovereign debt crises during the period 1970-2011. The Board of Governors may delegate to the Executive Board all except certain reserved powers. The revision reflects better-thananticipated second quarter GDP outturns, mostly in advanced economies, where activity began to improve sooner than expected after lockdowns were scaled back in May and June, as well as indicators of a stronger recovery in the third quarter. Investment has generally slowed more gradually in the rest of the world. Consumer price indexes (CPIs) are index numbers that measure changes in the prices of goods and services purchased or otherwise acquired by households, which households use directly, or indirectly, to satisfy their own needs and wants. Data cited at: Consumer price indexes, The International Monetary Fund The code also shows how to use a dictionary comprehension to convert the IMF API json data into a pandas series. Data cited at: Balance of Payments(BOP) and International Investment Position(IIP), World and Regional Aggregates, The International Monetary Fund The counterpart sectors include non-financial corporations, the central bank, deposit taking corporations, other financial corporation sectors, government sectors, international organizations, external financial corporations, external general government, and other external sectors. ?startPeriod=1957&endPeriod=2016', # Get data from the above URL using the requests package, For guidance on finding dimension information and building your request, see my, # Set the price index series as a float (rather than string), # Read the dates as quarters and set as the dataframe index, # Create line plot and add labels and title, 'Australia: Export Price Index (baseyear=', 'http://dataservices.imf.org/REST/SDMX_JSON.svc/', 'Australia Export Price Index Inflation Rate', Brexit and the feedback of uncertainty through asset prices, Using APIs to get economic data with Python — list of Jupyter notebooks, Macro and Markets Dashboard: United States, http://dataservices.imf.org/REST/SDMX_JSON.svc/CompactData/. China and Africa: Will the Honeymoon Continue? You can change your personal cookie settings through your internet browser settings. Data for all variables of interest are collected on an annual basis from 1970 to 2014, where available. China’s President Xi Jinping’s recent pledge of US$60 billion in financial support over the next three years illustrates the depth of the partnership between China and Africa. COFR presents data on fiscal transparency. : Hong Kong, China, P.R. Near-term outlook. The Financial Soundness Indicators (FSIs) were developed by the IMF, together with the international community, with aim of supporting analysis and assessing strengths and vulnerabilities of financial systems. As a result, it is recognized that some items may not be relevant in all cases. i) Central Bank The key macroeconomic aggregates in this dataset include: That pattern is similar in all the economies with the largest cross border portfolio assets and liabilities. ii) Credit aggregates (including credit to the private sector); and Lower commodity prices and lower volumes of trade have hit sub-Saharan Africa’s commodity exporters hard. IMFBlog2019-03-27T13:04:17-04:00December 21, 2015|, (Versions in عربي, 中文, Français, Português, and Español). We found that pursuing export diversification is a gateway to higher growth for these economies. The Historical Public Debt Database contains unbalanced panel data on Gross Domestic Product, Gross Government Debt, and Gross Government Debt-to-GDP Ratio for 187 countries. Time series data includes estimates derived from reports of partner countries for non-reporting and slow-reporting countries. The projected drag on the growth of potential output is about one-third of that for actual output. The main reasons are aging populations and the gradual increase in capital growth from current rates as output and investment recover from the crisis. IMFBlog2017-04-15T14:16:00-04:00November 11, 2011|. This dataset provides a comprehensive view of government revenue, including detailed classifications of taxes, social contributions, grants receivable, and other revenue. Global growth is forecast at 3.5 percent in 2015 and 3.8 percent in 2016, with uneven prospects across the main countries and regions of the world. The IMF produces the following user documentation: IMF Data Help page; Manuals, guides, and other material on statistical practices at the IMF are available on the Data and Statistics section of the IMF …