Home
Agenda 2030 - List Of Indicators
Macroeconomic Dashboard
Indicator detail
17.13.1 Macroeconomic Dashboard
Proxy indicator – a substitute indicator for which data are not available according to the relevant UN methodology.
Metadata
| Relevance/rationale of the indicator (resp. why the indicator was chosen to measure the target and how it is suitable for these purposes) | To provide a standardized instrument to monitor the macroeconomic stability of countries, the World Bank has designed a Macroeconomic dashboard including important macroeconomic indicators covering the external, financial, fiscal, and real sectors. The indicator selection builds on existing macroeconomic monitoring frameworks developed and used by international and regional agencies, such as IMF, WB, ECB, and OECD. |
| Target value of the indicator and its evaluation | |
| Definition | Macroeconomic Dashboard consists of several sub-indicators, specifically: 1. External Sector - Merchandise trade as a proportion of GDP (%) - Personal remittances, received, as a proportion of GDP (%) - Current account balance as a proportion of GDP (%) - Foreign direct investment, net inflows, as a proportion of GDP (%) - Portfolio investment, net (BoP, current US$) - Total reserves in months of imports - External debt stocks as a proportion of GNI (%) - Debt service (PPG and IMF only, % of exports of goods, services and primary income) - DEC alternative conversion factor (LCU per US$) 2. Fiscal Sector - Tax revenue as a proportion of GDP (%) - Cash surplus/deficit as a proportion of GDP (%) - Gross PSD, Central Gov.-D2, All maturities, D1+ SDRs + currency and deposits, Nominal Value, as a proportion of GDP (%) 3. Real Sector - Annual GDP growth (%) - Annual growth of the gross capital formation (%) - Annual growth of households and NPISHs final consumption expenditure (%) - Annual growth of the general government final consumption expenditure (%) - Annual growth of exports of goods and services (%) - Annual growth of imports of goods and services (%) - Annual inflation, consumer prices (%) 4. Financial Sector - Bank nonperforming loans to total gross loans (%) - Bank capital to assets ratio (%) - Annual broad money growth (%) - Broad money to total reserves ratio 5. Unemployment - Total unemployment out of total labour force (national estimate) (%) |
| Measuring unit | %, mil. CZK |
| Indicator disaggregation | |
| Reference period (resp. the period to which the indicator relates) | Year |
| Related geographical area | CZ (NUTS 0) |
| Comment | The data for indicator 17.13.1 are not available in the required range, at the same time they are not completely in accordance with the relevant UN methodology. The indicator is therefore presented as a proxy indicator, mainly because the CNB data used are not based on consolidated data. However, the data for the external sector are in accordance with the UN methodology. 1. External sector Ratio of trade in goods to GDP – exports plus imports of goods to GDP. 4. Financial sector Bad debts to total debts – data for banks on an individual (solo) level incl. branches of these banks abroad; receivables include all loans and receivables not designated for trading except for receivables from central banks; non-performing receivables until 2017 correspond to defaulted receivables according to national regulation, and from 2018 to uniform EU rules according to IFRS 9. Capital to total assets – data for banks at the individual (solo) level incl. branches of these banks abroad; in the indicator, regulatory capital is used according to the prudential business rules valid in the relevant period within the EU. |
| Update periodicity | Annually |
| Time coverage since | 1. 2011, 4. 2005 |
| Time coverage until | 1. 2022, 4. 2022 |
| Time series available at the data provider since | 4. 2005 (Broad money M3 (annual growth rate in %) - 2003) |
| Data publication date (resp. the date when the data provider publishes (regularly) data; it is given in the format T + the number of days, months or years when T is the end of the reference period) | 1. External Sector Merchandise trade as a proportion of GDP (%) – T+6 months, preliminary data 4. Financial Sector Broad money M3 (annual growth rate in %) – last working day in January, preliminary dates Broad money M3 to total reserves – indicator not published, reserves are published on the CNB website in dtb ARAD (https://www.cnb.cz/cnb/STAT.ARADY_PKG.PARAMETRY_SESTAVY?p_sestuid=29428&p_strid=ADC&p_lang=CS) Bad debts to total receivables, Capital to total assets – 3 months after the end of the year |
| Contact point - data provider - e-mail | 1. jaroslav.zbranek@czso.cz, 4. jiri.sojka@cnb.cz |
| Contact point - data provider - name | 1. Jaroslav Zbranek, 4. Jiří Sojka |
| Data source | 1. Czech Statistical Office, 4. Czech National Bank |
| Data origin | Merchandise trade as a proportion of GDP (%): https://apl.czso.cz/pll/rocenka/rocenkavyber.makroek_vydaj_en Broad money M3: https://www.cnb.cz/cnb/STAT.ARADY_PKG.PARAMETRY_SESTAVY?p_sestuid=57208&p_strid=AAAADA&p_lang=EN (ind. number 8) Total reserves: https://www.cnb.cz/cnb/STAT.ARADY_PKG.PARAMETRY_SESTAVY?p_sestuid=29428&p_strid=ADC&p_lang=EN (ind. number 2) |
| Links to detailed metadata or methodology | https://unstats.un.org/sdgs/metadata/files/Metadata-17-13-01.pdf |
| Links to international comparison | 4. Financial Sector Broad money M3 (annual growth rate in %) – comparable Bad debts to total debts – the data are basically comparable, and from 2018 they follow the practice applied within the EU; due to the specific nature and large volume of claims against central banks, these are not included in the share indicator Capital to total assets – the data are fully comparable, they correspond throughout the time series to the rules applicable in EU countries |