Georgia:Technical Assistance Report-Residential Property Price Index Mission

Georgia: Technical Assistance Report-Residential Property Price Index Mission

Volume/Issue: Volume 2022 Issue 314

Publication date: September 2022

ISBN: 9798400223037

$20.00

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Topics covered in this book

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Economics- Macroeconomics , Money and Monetary Policy , International - Economics , property price index mission , World Bank staff , staff team of the International Monetary Fund , RPPI compilation , instrumentalities of the TA recipient , Price indexes , Land prices , Housing , Consumer price indexes , Data collection , Eastern Europe , Global

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Summary

The second phase of the G-20 Data Gaps Initiative and guidance on financial soundness indicators identify the residential property price index (RPPI) as a critical ingredient of financial stability policy analysis and macroprudential measures. At the request of the National Statistics Office of Georgia (Geostat), a technical assistance mission was conducted by the IMF’s Statistics Department (STA) to support the launch of a new quarterly RPPI for Georgia. This work was part of a three-year project to improve national accounts and price statistics in Eastern and Southeastern Europe, funded by the Government of The Netherlands. The mission finalized the preparatory work to disseminate the quarterly RPPI beginning in April 2021.