Joint Informal Economy Task Team (IETT)
The Joint Informal Economy Task Team (IETT) will advise the Inter-secretariat Working Group on National Accounts (ISWGNA) and the IMF’s Committee on Balance of Payments Statistics (BOPCOM) on the issues related to the informal economy as they relate to the updates of the System of National Accounts 2008 (2008 SNA) and the sixth edition of the Balance of Payments and International Investment Position Manual, (BPM6). The IETT will work in close collaboration with—and draw on—the revision of the standards for statistics on informality undertaken by the International Labour Organization (ILO).
The IETT will be operational mostly throughout the Phase I of the update process (March 2020–March 2022). However, the IETT may also be consulted during Phase II (drafting of the 2025 SNA and the BPM7 chapters) on an as-needed basis, should any significant issues arise during the worldwide consultation process.
Further details on the mandate and operations; guidance notes and working procedures; composition; and key issues to be addressed by the IETT are provided in the Terms of Reference.
Guidance Notes
The purpose of this global consultation is to receive feedback from worldwide compilers/users of macroeconomic statistics not involved in the update process, with a view to informing further the proposals to be presented for formal approval to the IMF’s Committee on Balance of Payments Statistics (BOPCOM)/Advisory Expert Group on National Accounts (AEG). Each GN will be available for a period of four-weeks for global consultation after its posting on this webpage. Please refer to the BPM6 Update: Compendium of Research Issues for the full list of topics on which GNs will be prepared by the BPM6 Update Task Teams and made available for global consultation.
If you want to provide comments on a GN, please click the accompanying link to access the survey.
| IE.1 Statistical Framework of the Informal Economy (Survey Closes March 4, 2022) |
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| GN IE.1 Survey | |