Trinidad and Tobago have implemented the recommendations of the Enhanced General Data Dissemination System (e-GDDS) by now publishing essential data through its National Summary Data Page (NSDP).
The e-GDDS was established by the International Monetary Fund in 2015 to support improved data transparency, encourage statistical development, and help create synergies between data dissemination and policymaking. The NSDP is a national “data portal” that serves as a one-stop publication vehicle for essential macroeconomic data on the national accounts, government operations and debt, monetary and financial sector, and balance of payments.
The NSDP is hosted by the Central Bank of Trinidad and Tobago, utilising the Statistical Data and Metadata Exchange. The NSDP contains links to statistics published by the Central Bank of Trinidad and Tobago, the Ministry of Finance, and the Central Statistical Office.
Publication of essential macroeconomic data through the NSDP will provide national policy makers and domestic and international stakeholders, including investors and rating agencies, with easy access to information critical for monitoring economic conditions and policies. Making this information easily accessible in both human- and machine-readable formats will allow users to have access to timely data and bring greater data transparency.
Louis Marc Ducharme, Chief Statistician and Data Officer of the IMF, and Director of the Statistics Department welcomed this major milestone in the country’s statistical development, saying “I am confident that Trinidad and Tobago will benefit from using the e-GDDS as a framework for further development of its statistical system.”
Learn More: Trinidad & Tobago and the IMF