5 minute read More timely statistics and data allow us to respond swiftly to new developments. More granular data means that we can be more targeted in our policy advice and better account for disparities across gender, regions, industries, firm size or demographics. But statistics and data must be trustworthy and of good quality. In short, they must be fit for purpose.
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4 minute read Digitalisation – the use of digital technologies and data – has radically altered our economies. Whether it’s the way people consume goods and services, the tools and inputs that producers use in production, or the ability for producers to interact with consumers, digitalisation is fundamental to the modern economy. But policy makers have expressed concerns that the digital transformation remains largely hidden in the national accounts and macroeconomic indicators such as Gross Domestic Product (GDP).
To address these issues, the OECD’s Informal Advisory Group on Measuring GDP in a Digitalised Economy has produced the OECD Handbook on Compiling Digital Supply and Use Tables (SUTs). The new handbook proposes a measurement framework for compiling Digital SUTs to provide information on the output and value added of digital industries, amounts of digital goods and services purchased, and the extent to which digital ordering and delivery is taking place.
This is the first in a series of three blog articles, where we will introduce this measurement framework.
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