It's Clear Now: Study Reveals Why Figures Don't Match Between DANE and BanRepública
The economy is measured from two perspectives that do not always register the same flows. Photo: Source: DANE- Official Facebook
TL;DR
- The difference in economic figures between DANE and the Central Bank is due to distinct measurement approaches: real versus financial.
- DANE measures the real economy (production, consumption, income), while the Central Bank analyzes financial operations (debt, assets).
- This statistical discrepancy is expected and arises from different data sources, coverage, classification, and timing.
- The System of National Accounts (SCN) integrates these dimensions, allowing for an understanding of how economic activity is financed.
- The SCN divides the economy into sectors like households, businesses, and government to analyze income generation, spending, saving, and debt.