Big Data

Usable Data For Economic Policymaking And Research? The Case Of Lao PDR's Trade Statistics

Download Now Date Added: Dec 2010
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This paper assesses the quality of Lao PDR's trade statistics by comparing Lao PDR's export/import data with its trade partners' import/export data (mirror data). While the mirror technique is constrained by the fact that partners' data also can have some problems, it is a useful method to obtain a snapshot of the quality of trade data. First of all, it should be recognized that publicly available Lao PDR statistics compiled by the Ministry of Industry and Commerce (MIC) is not consistent with the Harmonized System (HS) classification. It is advisable that Lao PDR should release the HS classification-based trade data compiled by the Ministry of Finance.