2020 International Product Release Notes

COUNTRY LIST EXPANDED

The 2020 International Solution include data for 10 new countries: 

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

The 2020 International Solution now covers 76 countries.

NEW INTER-COUNTRY TRADE DATA AND MRIO CAPABILITY

The 2020 International Solution now includes country-to-country trade data, thereby enabling Multi-Regional Input-Output analysis (MRIO). Prior to the 2020 Data Year, trade data only provided information on total foreign imports and exports by commodity. We now have trading partner information. This data comes from the OECD Inter-Country Input-Output (ICIO) Tables1  

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 Solution. In these cases, data come from the International Labour Organization’s Modelled and Projected Estimates (ILO-EST) employment dataset. 

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

Prior to the 2020 Data Year, we estimated national personal income taxes, corporate taxes, and contributions to social security insurance plans using 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. 

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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. 

 

Written July 11, 2024