Quarterly National Accounts (QNA)

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Course No.: CE 19.06
Location: Kuwait City, Kuwait
Date: February 10, 2019-February 21, 2019 (2 Weeks)
Language: English (Arabic)

Target Audience:

Officials responsible for compiling national accounts statistics.


Participants should have a degree in economics or statistics or the equivalent.

Course Description:

This course, presented by the IMF Statistics Department, offers an opportunity for thorough understanding of concepts, sources of data, and compilation techniques for producing quarterly national accounts statistics. The course is based on the IMF Quarterly National Accounts Manual (2017 Edition) and is oriented to national accounts compilers from countries that are improving, developing, or planning to develop quarterly national accounts (QNA). The course covers both theoretical and practical compilation issues, specifically the following main topics:

  • scope and role of QNA;
  • data sources for compiling quarterly GDP estimates (mainly using production and expenditure approaches);
  • editing procedures and dealing with indicators;
  • benchmarking techniques for combining quarterly indicators with annual estimates;
  • seasonal adjustments;
  • price and volume measures;
  • chain-linking techniques for compiling QNA time series;
  • early estimates of quarterly GDP;
  • other specific QNA issues; and
  • revision policy and dissemination practices.

The course consists of lectures, workshops, and small group discussions.

Course Objectives:

Upon completion of this course, participants should be able to:

  • Describe the QNA in terms of its compilation, scope, role, and international standards and best practices.
  • Describe data requirements for and methods of compiling the different sets of QNA statistics, especially GDP and its valuation.
  • Illustrate the relation of the QNA to other aggregates within the SNA.
  • Draw up a simple framework to compile basic national accounts series, from collection and development of source data to application of simple statistical methods to derive aggregates.
  • Gain practical experience dealing with specific issues relating to the compilation and use of quarterly data.
  • Describe the analytical uses of quarterly information on GDP, other potential analytical uses, and some advanced techniques to assess economic activity more accurately.

Important Note for Online Courses:

For Online Learning (OL) courses, which are delivered through the edX platform, you will need an additional piece of information to register: you will be prompted for your edX.org username. If you do not already have a username, please go to https://courses.edx.org/register and sign up for a free account. Once you have created an account, you may complete the IMF Institute application. If you already have an edX account, your username can be found on the top right of the screen after logging in.

Important Note for Internal Economics Training Courses:

Internal Economics Training (IT) courses are self-financed. The IMF will not charge officials for attending courses. However, all travel, insurance, hotel, and living costs will need to be covered by the agency sponsoring the participants.