Transcript II. CURRENT IMPLEMENTATION STATUS OF 2008 SNA

Meeting the expert group on National accounts, Geneva
6-9 May, 2014
MONGOLIA:
IMPLEMENTATION OF THE 2008 SNA
B.BADAMTSETSEG
Director of Macro Economic and
Statistical Department, NSO
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CONTENTS
I.
THE 2008 SNA IMPLEMENTATION PLAN
II. CURRENT IMPLEMENTATION STATUS OF 2008 SNA
III. CONCLUSION
IV. FUTURE ACTIVITIES
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I. THE 2008 SNA IMPLEMENTATION PLAN
The 2008 SNA implementation plan was the integral part of the NSDS
NSDS (2011-2015)
approved by Parliament
Action plan (2011-2015)
to be approved by Statistical Consul
Annual work plan (yearly basis)
approved by NSO chairman
Next round of NSDS 2016-2020: on going process
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I. THE 2008 SNA IMPLEMENTATION PLAN
The 2008 SNA implementation plan was the integral part of the Monstat
project.
Component A:
Improving policy, regulatory, and
institutional
framework
and
the
organizational structure of the statistical
system;
Component B:
Strengthening the statistical
infrastructure;
Monstat Project
2009-2014
(World Bank)
Component C:
Upgrading statistical data outputs;
Component D:
Preparation of an IT-Plan;
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II. CURRENT IMPLEMENTATION STATUS OF 2008 SNA
Institutional structure has been set up for implementation of 2008 SNA
Inter-agency working group:
Composition:
• NSO
• Bank of Mongolia
• Ministry of Finance
• General Custom Administration Office
Objectives of the working group:
• to study changes of SNA 1993 to ensure integration and harmony
between 2008 SNA, BPM6 and GFS
• to implement 2008 SNA recommendations
• to create necessary data sources.
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II. CURRENT IMPLEMENTATION STATUS OF 2008 SNA
 Statistical infrastructure was improved
• Systematic revision of data questionnaires and creation of data sources for
compilation of annual SUT.
• Technological solution enabling automatic updating of BR database based on
GASR.
• Introduction of sample survey to economic statistics and start of seasonally
adjusted estimations.
 Latest versions of classifications were revised and applied:
• ISIC-4.0
• CPC-2.0
• COICOP
• Asset classification
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II. CURRENT IMPLEMENTATION STATUS OF 2008 SNA
 Methodological foundation was set up for 2008 SNA
Methodologies on:
• GDP and GNI estimation
• Quarterly GDP estimation
• Sector accounts compilation
• SUT and IOT compilation
• Balance of payment methodology revised based on BPM6
Price statistics was improved
• Calculation of Regional CPI
•
2010 base year Industrial production Index
•
Calculation of 2010 base year Construction Cost Index
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II. CURRENT IMPLEMENTATION STATUS OF 2008 SNA
 Related estimations and surveys have been carried out.
Compilation of 2010 SUT, IOT
•
•
First time, the results of SUT and IOT were disseminated to users in details;
Some main indicators were compiled according to SNA 2008
recommendations;
Non observed economy survey – 2010
•
First time all (N1-N7) fields of NOE were covered.
•
Base data of informal sector were created.
•
Results of NOE were integrated to the annual GDP estimation.
•
The internationally comparative data were collected.
FISIM was estimated using new methodology
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II. CURRENT IMPLEMENTATION STATUS OF 2008 SNA
Adapted Global Assessment (UNECE, Eurostat, EFTA, ESCAP) in 2013:
•
The first country in the Asia-Pacific region.
•
Main objectives of AGA are to evaluate NSS as a whole, assess official
statistics development and provide insight and recommendations for
improving the entire system, operations, statistical activities and related
capacities .
Recommendation:
• Recommendations were provided as a future direction to further implement
of 2008 SNA .
• Recommendations were given to prioritize the 2008 SNA changes and start
to implement more important issues.
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II. CURRENT IMPLEMENTATION STATUS OF 2008 SNA
Scope of the implementation of the SNA 2008- “Milestone”
Level 1
• Basic indicators of GDP
Level 2
• GNI and other primary indicators
Level 3
• Institutional sector accounts (first step: for all institutional
sectors production accounts, current, capital and financial
account)
Level 4
• Institutional sector accounts (intermediate step 1: for all
institutional sectors current accounts and capital account)
Level 5
• Institutional sector accounts (intermediate step 2: for all
institutional sectors financial accounts)
Level 6
• Other changes of volume accounts and balance sheet
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III. CONCLUSION
1. The changes to reflect GDP estimation
CHANGES
IMPLEMENTATION
Now:
1
Research and development
Future: Firstly, to determine whether R&D has return or not. If it has return
then it assumed that a statistical unit and output will be estimated
by a single unit.
Now:
2
R&D falls into the fixed asset classification.
FISIM is distributed to IC and final consumption in the domestic
production framework.
Calculation of FISIM
Future: FISIM will be distributed to export and import.
Now:
3
We use cost approach by using the formula:
output = IC+ compensation + CFC
Output of Central bank
Future: Identify Central Bank services in 3 groups and estimate output
Now:
4
Output of non-life insurance
services
Output is calculated by using the following formula:
output = insurance premium -insurance claim + other income
Future: NSO will choose a suitable one of 3 approaches for estimating non
life-insurance output.
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III. CONCLUSION
1. The changes to reflect GDP estimation (continuation)
CHANGES
IMPLEMENTATION
Now:
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Valuation of output for own final
use by households
In progress. From the Agr. census result we got more
data sources of output for own final use by household of
agriculture.
Future: Other economic activities will be estimated.
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Non observed economy
Now: Completed.
Now:
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Measurement of storage
Weapons system
In progress.
Future: Separate estimation will be made for storage activity.
Now: Weapons system is classified in fixed asset according to the
asset classification, hence it is included to the GFCF in GDP by
expenditure approach.
Future: Estimation will be improved.
Now:
Deprecation rate is used for estimation.
Consumption of fixed capital
Future: We will introduce PIM method in our 2014-2015 GDP estimation.
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III. CONCLUSION
2. Other changes
CHANGES
IMPLEMENTATION
Now:
1
Business register has been expanded by statistical unit
based on the Establishment Census.
Institutional units and sectors
Future: Institutional sector’s classification will be revised and
approved.
Now:
2
3
4
It is reflected in the institutional sector accounts
methodology.
Asset classification was revised and approved.
Refinement of the treatment and
definition of financial instruments and
Future: To study about financial instrument. Data source of
assets
financial accounts will be applied and financial account
will be compiled in experimental base.
Now:
Set up inter-agency working group
The scope of transactions concerning
government and public sector
Future:
Plan is to translate GFS 2014, develop national
methodology, improve data sources. We will do list of
public sector enterprises and classify them into appropriate
sector.
Harmonization between concepts and
classification of the SNA and BPM6
Now:
“ВРM methodology” was revised and approved.
Future: Collaborate with Central Bank to ensure data quality.
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IV. FUTURE ACTIVITIES
•
To formulate activities related to the SNA 2008 implementation and
incorporate into NSDS 2016-2020;
•
To compile annual SUT experimentally based;
•
To transfer/use Chain index;
•
To improve Government Finance Statistics; and
•
To compile financial accounts and other changes of volume accounts.
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THANK YOU FOR YOUR
ATTENTION
Tel :(976-11) - 263152
Fax :(976-11) - 324518
Web page : www.nso.mn
www.1212.mn
E-Mail : [email protected]
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