Transcript 2008 SNA - United Nations Economic Commission for Europe

Transition of National Accounts of the
Republic of Belarus to 2008 SNA Methodology
and Interaction between Producers of Official
Statistics
National Statistical Committee of
the Republic of Belarus
I.V.Sergeychenko
1
National Accounts of the Republic of Belarus
Current State
• goods and services account;
• production account;
• generation of income account;
• distribution of primary income account;
• distribution of secondary income account;
• use of income account;
• capital account.
2
Trends in Implementation of the 2008 SNA
• A working group has been approved for implementation of the 2008
SNA main provisions into statistical practice;
• An action plan for implementation of the 2008 SNA has been approved;
• Technical assistance by IMF experts;
• Involvement of national account experts in training workshops.
3
Main Priorities for Improvement of National
Accounts and Implementation of the 2008 SNA
• since January 2016, an implementation of new classification of
economic activities (CCEA 005-2011) into statistical practice. Such
classification has been developed based on classification of economic
activities of the European Union, NACE, v. 2.0.;
• expenditures for research activities;
• expenditures and reflection of military expenditures ;
• financial intermediation services indirectly measured;
• owner occupied housing service;
• development and implementation of classification of institutional units
by economic sectors into statistical practice as per updates of the 2008
SNA;
• enhancement of calculations of non-observed economy.
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Main Priorities for Improvement of National Accounts
and Implementation of the 2008 SNA
classification of economic activities
CCEA 005-2011
• statistical survey of types of economic activity was conducted for
two years concurrently by two CCEA versions;
• retrospective calculations by indicators of national accounts have
been performed since 2010.
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Main Priorities for Improvement of National Accounts
and Implementation of the 2008 SNA
Reflection of expenditures for research
activities
• an activity on disaggregation of survey data and data correlation
has been conducted, which enabled to determine a volume of
output, intermediate consumption and gross fixed capital formation
by three groups:
• market producers which effect sales;
• market producers which do not have sales (R&D development is
performed at own expense);
• units of public administration sector.
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Main Priorities for Improvement of National Accounts
and Implementation of the 2008 SNA
Reflection of expenditures for
armaments
This issue has been decided in cooperation with the Ministry of Defence.
Expenditures for armament systems have been determined which are
constantly used for production of defence-related services.
Annual data on expenditures for armament systems have been submitted, as
well as data on quantity and asset prices as of a year of their purchase and
life of each of them.
Consumption of fixed capital has been calculated.
7
Main Priorities for Improvement of National Accounts
and Implementation of the 2008 SNA
Financial intermediation services
indirectly measured
Currently, the FISIM is calculated according to the 93 SNA and referred to
a separate type of economic activity
As per 2008 SNA, the FISIM has been calculated separately by deposits
and by loans using basis rate
When assessing the basis rate, the inter-bank rates were taken into
account, as well as the highest bank deposit rates, the lowest credit rates
and long-term government bond rates
8
Financial Intermediation Services Indirectly
Measured
FISIM, bln RUR
GDP, bln RUR
2011
2012
2011
2012
93 SNA
9,359.3
12,808.8
297,157.7
530,355.5
2008 SNA
8,552.4
11,704.6
301,385.6
536,020.9
Share in GDP, in %
93 SNA
3.1
2.4
2008 SNA
1.4
1.3
9
FISIM after Distribution by Types of Economic Activity
As percentage of
GDP (93 SNA)
As percentage of GDP
(2008 SNA)
100
100
net taxes on products
12.7
12.3
gross value added
87.3
87.7
agriculture, hunting and forestry
8.5
8.3
fishing industry, fish farming
0.1
0.1
mining industry
1.1
1.0
processing industry
26.1
25.2
production and distribution of electric energy, gas and water
2.9
2.8
construction
7.4
7.2
trade; repairs of cars, household goods and personal demand items
14.0
13.3
hotels and restaurants
0.7
0.7
transport and communications
7.5
7.0
financial activity
3.7
3.4
real estate operations, lease and deliver of services for users
6.0
7.4
public administration
3.0
2.9
education
3.9
3.8
healthcare and deliver of social services
2.9
2.8
deliver of public, social and personal services
1.9
1.8
financial intermediation services indirectly measured
-2.4
-
Gross domestic product
including:
10
Main Priorities for Improvement of National Accounts
and Implementation of the 2008 SNA
Owner Occupied Housing services
As per 93 SNA methodology, the housing services are assessed based on
annual average square of available housing owned by individuals and
expenditures connected with operation. Calculated data are added with
fees of population for housing rental (net of utility payments), obtained
based on aggregate statistics of sampling household survey.
As per 2008 SNA, a user expenditure method has been used to determine
imputed payment for living in owner occupied housing
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Owner Occupied Housing Services
Years
1993 SNA
2008 SNA
Output
GVA
Output
GVA
2010
2,197
1,788
6,199
4,841
2011
2,560
2,033
9,699
6,992
2012
3,583
2,771
16,263
12,305
Share in GDP
2010
1.1
2.9
2011
0.7
2.3
2012
0.5
2.2
12
Main Priorities for Improvement of National Accounts
and Implementation of the 2008 SNA
Classification of institutional units of
economic sectors
An interdepartmental group on development and implementation of
classification has been established
Model classification has been developed by the CIS Statistical Committee
and ECE
Recommendations on application of the ECE classification of institutional
economic sectors in member-states of the Eurasian Economic Union have
been prepared
13
Main Priorities for Improvement of National Accounts
and Implementation of the 2008 SNA
Non-observed economy – types of economic activity disregarded by
official statistics
• parallel economy is an activity which is permitted by law, but is
intentionally hidden to defraud the revenue and fail to pay taxes and other
mandatory payments
• informal economy is an activity on production, circulation and
disposition of goods and services which is conducted mainly according to
the law by individuals, private entrepreneurs, based on informal
relationships between production participants
• illegal activity is an activity which is forbidden by law or types of activity
which are performed without permission, for example, unlicensed medical
practice
14
Impact of the 2008 SNA Methodology on GDP
(Production Method) for a Year of 2012
Impact on GDP in %
Primary changes affecting GDP as per the2008 SNA
Change in accounting of research and development
0.6
Change in accounting of armament
0.1
FISIM
0.9
Imputed payment for living in owner occupied housing
1.8
GDP (2008 SNA)
3.4
15
Impact of the 2008 SNA Methodology on GDP
(End-use Method) for a Year of 2012
Impact on GDP in %
GDP
3.4
final consumption expenditures
3.0
households
3.1
state organization expenditures, among them:
- 0.1
for personalized goods and services
for shared services
non-profit organization expenditures which serve households
- 0.1
-
gross savings
0.8
fixed capitalа
0.8
stock changes
-
net export of goods and services
-
export
-
import
-
statistical discrepancy
- 0.4
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