Transcript Document

EN/CSC2/2014/Pres/03
Towards 2008 SNA: The South African experience
THE SOUTH AFRICA I KNOW, THE HOME I UNDERSTAND
Need to touch base on …
Joint responsibility
Benchmark and rebasing cycle
08SNA Project plan
Related matters
THE SOUTH AFRICA I KNOW, THE HOME I UNDERSTAND
Joint responsibility
Stats SA – official statistics
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GDP production and income approaches
Supply and Use tables
Input-output tables
Social Accounting Matrices
Environmental-Economic Accounts, e.g. Minerals, Energy, Water, Fisheries
Satellite Accounts, e.g. Tourism, ICT, NPI
South African Reserve Bank
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GDP expenditure approach
Institutional Sector Accounts
Balance of Payments
Financial Sector
South African Revenue Service
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Merchandise trade statistics
Department of Agriculture, Forestry and Fisheries
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THE SOUTH AFRICA I KNOW, THE HOME I UNDERSTAND
Quarterly data on Agriculture
Benchmark and rebasing cycle
Why?
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Keep relative weights current (5 year cycle)
Incorporate infrequent datasets
Introduce new classifications or methodological changes
June 1999
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93SNA introduced
Base 1995
Nov 2004
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Taxation based register for source statistics
Introduce sub-national estimates
Develop base year in supply and use framework
Base 2000
Nov 2009
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THE SOUTH AFRICA I KNOW, THE HOME I UNDERSTAND
Refine 93SNA e.g. Non-observed economy
Consolidate approach of annual SUT
Double deflation
CPC v.2
Base 2005
08 SNA project plan (1)
Embedded in organisational strategy
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Stats SA forward work program (Minister, Council, Parliament)
Economic statistics strategy
Divisional operation plans
Individual performance agreements
Implications of 08SNA
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THE SOUTH AFRICA I KNOW, THE HOME I UNDERSTAND
Discussion document
6 of 37 recommendations impact on GDP
o Refined FISM calculation
o Capitalisation of military expenditure
o Stock options as compensation of employees
o Capitalisation of R&D
o Valuation of output for own final use to include return to capital
o Changes in recording of pension entitlements
Amendments to basic surveys e.g. new/rephrased questions
08 SNA project plan (2)
Project team
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Stats SA and SARB
Quarterly high-level meetings
Technical as required
Involve DAFF and SARS more frequently in t-12months
Detailed timelines
Revision policy
Agreement on timelines
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THE SOUTH AFRICA I KNOW, THE HOME I UNDERSTAND
Finalise structures of SUT base year: Dec ’13
Finalise 2010 base year: Mar ’14
Preliminary nominal 2006-2011: Apr ’14
Preliminary real estimates 2006-2011: May ’14
Final annual estimates 2006-2011: June ’14
Final quarterly estimates 2006-2011: Aug ’14
Preliminary annual 2012-2013: Sept ’14
Final annual and quarters 2012-2013: 15 Oct ’14
3 quarters of 2014: 18 Nov ’14
Publish: 25 Nov ‘14
Related matters
User involvement
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Minister
Statistics Council
Key users seminar
Opinion pieces, web articles
Other international standards
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Balance of Payments Manual 6
ISIC Rev 4
o Local version (SIC 7 completed)
o Dual coded register (census of business?) Unfunded
o Parallel surveys
o Revised national accounts (benchmark 2019?)
Comparability of statistics
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THE SOUTH AFRICA I KNOW, THE HOME I UNDERSTAND
ICP (periodic Global vs annual African)
BRICS
OECD and major trading partners
SDDS requirements
Thank you
Joe de Beer
Deputy Director-General: Economic Statistics
Statistics South Africa
[email protected]
+27 (12) 3108024
THE SOUTH AFRICA I KNOW, THE HOME I UNDERSTAND