IMF Blog:How New Data Standards Will Transform Our Understanding of the Global Economy

 

Dear MARIA, We just published a new blog—read the full text below. How New Data Standards Will Transform Our Understanding of the Global Economy  (Credit: James Mertz/IMF Photo)  By Vladimir Klyuev and James Tebrake The way we measure the global economy is changing. For the first time in more than 15 years, the System of National Accounts (SNA)—the international standard for economic data—has been updated to reflect today’s digital and interconnected world. The revised SNA better captures the impact of emerging technologies, intangible assets, and global production networks. It also introduces improved approaches to measuring digitalization, crypto assets, financial risks, and sustainability, helping policymakers, businesses, and researchers make better-informed decisions.   The update was unanimously approved by the United Nations Statistical Commission and developed through global collaboration, with the IMF playing a leading role. Implementation will help ensure economic data keeps pace with rapid changes in the $114 trillion global economy. Read the blog to learn more about the updates and their implications for global growth, jobs, and investment. Read the blog Thank you again for your interest in the IMF Blog. Please write to us directly and let us know your thoughts. We would love to hear from you.   Jeff Kearns  Managing Editor | IMF Blog   jkearns@IMF.org Stay connected with the International Monetary Fund:       This email was sent to politikimx@gmail.com on behalf of: International Monetary Fund 1900 Pennsylvania Ave NW · Washington, DC · 20431