Nowcasting Sustainable Development Indicators (SDIs)

With the UN Sustainable Development Goals (SDGs) launched and the Agenda 2030 set out in 2015, awareness for sustainable development was raised on a global and national level. Taking actions towards these goals needs measures that allow a timely assessment not only of the past but also of the present developments and provide an indication if the path towards goal achievement is on track. Using the EU SDG indicator set and data for Austria, we build dynamic factor models for key indicators of most SDGs to nowcast the indicator values up to the year 2019. Based on these estimates, we provide an up-to-date monitoring of sustainable development in Austria, which follows the methodology of Eurostat.