2020/2019 International Product Release Notes

COUNTRY LIST EXPANDED

The 2020/2019 International Product includes data for 10 new countries: 

• Bangladesh 
• Belarus 
• Cameroon 
• Cote d’Ivoire 
• Egypt 
• Jordan 
• Nigeria 
• Pakistan 
• Senegal 
• Ukraine 

The 2020/2019 International Product now covers 76 countries and a Global Remainder region.

NEW INTER-COUNTRY TRADE DATA AND MRIO CAPABILITY

In prior releases of the International Product, the trade data only provided information on total foreign imports and exports by Commodity. Beginning with the 2020/2019 International Product, IMPLAN now incorporates trading partner information from the OECD Inter-Country Input-Output (ICIO) Tables¹, thereby enabling Multi-Regional Input-Output (MRIO) analysis.

NOW INCLUDING THE GLOBAL REMAINDER REGION

The 2020/2019 International Product now includes a region known as the Global Remainder region. The Global Remainder region is an aggregation of countries that has been developed for the purpose of modeling global economic impacts. It is comprised of economies not covered explicitly by the International Product but covered by the OECD ICIO tables (198 economies in total). Thus, in the 2020/2019 release the Global Remainder is comprised of 121 countries and a balancer for the rest of the world. The link below will download a spreadsheet that lists the full 198 economies that the OECD uses for global trade balancing. Countries individually covered by the 2020/2019 release are highlighted in blue. Countries included in IMPLAN’s Global Remainder region are not highlighted in the table.

NEW DATA SOURCE FOR EMPLOYMENT

For most countries, employment data now comes from the OECD Trade in Employment (TiM) database. The OECD TiM database contains the same sector detail as the OECD I-O data² and is also the data source for IMPLAN’s Employee Compensation values, resulting in more consistent employment estimates. 

In cases where TiM data is unavailable (primarily countries newly included in the OECD I-O database), IMPLAN uses the same data sources and methods used in previous releases of the International Product. In these cases, data come from the International Labour Organization’s Modelled and Projected Estimates (ILO-EST) employment dataset. The ILO-EST dataset does not have as much sectoral detail as the OECD I-O data, thereby requiring the use of ratios calculated from other data sources (that do have the necessary sector detail) to split the ILO-EST data into the necessary sector detail³.

NOW INCLUDING IMPROVED PERSONAL INCOME TAX, CORPORATE TAX, AND SOCIAL SECURITY CONTRIBUTION DATA

Prior to the 2020/2019 Data Year, national personal income taxes, corporate taxes, and contributions to social security insurance plans were calculated using collection rates. For most countries, we now use dollar values (in USD) from the OECD Global Revenue Statistics database. Using actual dollar values of collections is superior to applying rates to income values because there are typically ranges of rates depending on the income level of the individual taxpayer, and other factors depending on the type of tax, such that applying a single rate to an aggregate income value is only an approximation of the collections that occurred in a given year.

In cases where data is unavailable from the OECD Global Revenue database, IMPLAN uses less-detailed tax data from the World Bank World Development Indicators database or other data from national statistics agencies.

RELATED ARTICLES

IMPLAN International Data

2018 International Product Release Notes

2015 International Product Release Notes

International 46 Industries, Conversions, & Bridges

The Global Remainder and Global Economic Impact Studies

¹ The Organization for Economic Development and Cooperation’s (OECD) Inter-Country Input-Output tables are intimately related to the OECD Input-Output (I-O) data, which form the basis for IMPLAN’s International Solution data sets.

² The Organization for Economic Development and Cooperation’s (OECD) input-output (I-O) data form the basis for IMPLAN’s International Solutions data sets.

³ For data corresponding to data year 2020, IMPLAN uses the International Labour Organization’s Labour Force Survey (ILO-LFS) data OECD Employee Compensation (OECD EC) data to add sectoral detail, as described in previous release notes. For data corresponding to data year 2019, IMPLAN no longer uses the ILO-LFS data to add sectoral detail. This is due to inconsistent availability of data over time.

Written July 11, 2024

Updated August 29, 2024