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Addresses the quality of balance of payment statistics published by the ABS. It first discusses the issues associated with, and factors that influence, the quality of these statistics. It goes on to consider the accuracy and reliability of the statistics and gives an assessment of the accuracy of the broad aggregates that make up the accounts as well providing some statistical measures of their reliability. The paper also outlines the steps that the ABS takes to maintain the quality of the statistics and mentions several developments that are expected to lead to improvements in quality in the next few years. The paper also updates the analysis of revisions to monthly balance of payments statistics included in 5331.0 and extends the analysis to cover quarterly and annual series.
Preface
Abbreviations and references
Introduction
Chapter 1. Data quality concepts
Chapter 2. Analysis of accuracy of the statistics
Chapter 3. Analysis of reliability of the statistics
Chapter 4. Initiatives to improve quality
Appendix 1. Bias in balance of payments statistics
Appendix 2. One-year revisions to initial estimates
Appendix 3. Comparison of initial and latest period-on-period movements
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