Uruguay: Report on the Observance of Standards and Codes—Data Module

OVERALL ASSESSMENT This Report on the Observance of Standards and Codes (ROSC)—Data Module is areassessment of the exercise conducted in 1999–mid-2000, which was based on informationcollected during a November 1999 mission and used the dimensional structure of the firstJuly 2000 draft version of IMF's Data Quality Assessment Framework (DQAF). Thisreassessment covers national accounts, and consumer (CPI) and producer price indices (PPI). TheUruguayan agencies that compile and disseminate these datasets are: the Central Bank of Uruguay(CBU) for national accounts and the National Institute of Statistics (NIS) for the CPI and PPI. ThisReport is the first data ROSC based on the 2012 version of the DQAF, which assesses data qualityagainst the relevant statistical standards current in 2012, including the System of National Accounts2008 (2008 SNA), the Consumer Price Index Manual 2004 (CPI Manual), and the Producer Price IndexManual 2004 (PPI Manual).The Report contains the following main observations. Following the 1999 data ROSCmission,1 Uruguay made significant improvements in statistical compilation and dissemination of thestatistics covered by this ROSC—Data Module. The progress achieved allowed Uruguay to subscribeto the Special Data Dissemination Standard (SDDS) on February 12, 2004. Since its SDDSsubscription, Uruguay has been in observance of the SDDS, meeting the specifications for coverage,periodicity, timeliness, and the dissemination of advance release calendars. In the last (2011) SDDSannual report on observance, Uruguay met the SDDS requirements for timeliness with episodicexceptions for some data categories. Uruguay exceeds the SDDS timeliness requirements for labormarket (employment, unemployment, and wages/earnings), price (consumer prices and producerprices), and international investment position data. Currently, Uruguay is using two regulartimeliness flexibility options for general government operations and central government operations;additionally, it is using an "as relevant" timeliness provision for analytical accounts of the bankingsector for countries with extensive branch banking systems. No flexibility options are being usedregarding real sector statistics. Appendix I provides an overview of Uruguay's disseminationpractices for real sector statistics compared to the SDDS.