What other methodologies are used to calculate WEO country group (aggregated) data?
A. 1) Aggregates for unemployment and employment rates are weighted by labor force as a share of group labor force. 2) Aggregates relating to the external economy are sums of individual country data after conversion to U.S. dollars at the average market exchange rates for balance of payments data and at end-of-year market exchange rates for debt-denominated in non-U.S. dollars. 3) Aggregates of changes in foreign trade volumes and prices, however, are arithmetic averages of percentage changes for individual countries weighted by the U.S. dollar value of exports or imports as a share of total world or country group exports or imports.
A. 1) Aggregates for unemployment and employment rates are weighted by labor force as a share of group labor force. 2) Aggregates relating to the external economy are sums of individual country data after conversion to U.S. dollars at the average market exchange rates for balance of payments data and at end-of-year market exchange rates for debt-denominated in non-U.S. dollars. 3) Aggregates of changes in foreign trade volumes and prices, however, are arithmetic averages of percentage changes for individual countries weighted by the U.S. dollar value of exports or imports as a share of total world or country group exports or imports. The country group composites will only be calculated when 90 percent or more of the weighted group data is represented.
Related Questions
- How is GDP at PPP exchange rates used to calculate WEO country group data? Will I be able to calculate aggregated data based on a different country grouping using PPP exchange rates?
- What data elements are used to calculate "timeliness" in the WCIS timeliness of payments reports?
- What other methodologies are used to calculate WEO country group (aggregated) data?
