[Gretl-users] Re: units/magnitudes in DB.NOMICS databases [slightly OT]
Am 13.05.2019 um 22:04 schrieb Allin Cottrell:
On Mon, 13 May 2019, Sven Schreiber wrote:
> Recently I (or actually, a student) have noticed that in some cases in
> db.nomics the information about the multiplication factor (million,
> billion...) for a series seems to be missing. We saw that for example in
> the balance of payments statistics the units are just given as "US
> dollars" or "local currency", but the numbers are far too small to be
> only single dollars (as opposed to bn$ or something like that).
Please give a reference to a specific dbnomics series ID, then we can
investigate.
Dear Allin, of course you're right.
Consider the following series for France:
-------------------------
Series: A.FR.BACK_BP6_EUR
Provider: IMF
Dataset: BOP (Balance of Payments (BOP))
Identifier: IMF/BOP/A.FR.BACK_BP6_EUR
Name: Annual – France – Net Lending (+) / Net Borrowing (-) (Balance
from Current and Capital Account), Euros
Dimensions, showing JSON mask form:
Frequency: Annual, {"FREQ":["A"]}
Reference Area: France, {"REF_AREA":["FR"]}
Indicator: Net Lending (+) / Net Borrowing (-) (Balance from Current
and Capital Account), Euros, {"INDICATOR":["BACK_BP6_EUR"]}
-------------------------
pd = 1; 20 observations, 1999 - 2018
The values range from -25286 to 48810, surely these cannot be pure
Euros, instead probably million Euros such that the maximum is 48.8bn
(in the American sense, bn=10^9). But I don't see that scaling information.
thanks
sven