Transcript Main Title

Review of the latest development of the SNA 1993
and the related data collection requirements
Giovanni Savio
Chief, Economic Statistics Section
Statistics Division, UN-ESCWA
High Level Meeting on Mainstreaming
Sectoral Statistical Systems into the NSDS
QSA, Doha, 12-13 October 2009
Presentation plan
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Background on 2008 SNA
Is the new 2008 SNA really new?
Minimum Data Requirement (MDR)
Challenges in the UN-ESCWA region
Concluding, major gaps in WA …
Background on 2008 SNA
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In February 2009 the Statistical Commission
approved Vol. 2 of the 2008 SNA, thus completing a
revision process of the 1993 SNA that started
some 6 years ago in 2003
The revision was generated to bring the accounts
in line with the new economic and financial
environment, advances in methodological
research, and users’ needs
Guidelines for the revision process
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No fundamental or comprehensive change to the 1993
SNA that would impede its implementation
Consideration of feasibility of implementation
Consistency with related statistical systems
Background on 2008 SNA cntd.
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44 issues identified for review in the areas of: nonfinancial assets; financial services and
instruments; government and public sector; RoW;
units; informal sector and illegal activities
Implementation strategy supported by the SC,
based on actions to improve the NSSs: strategic
planning, coordination, monitoring and reporting
Five modalities of implementation: training,
technical cooperation, manuals, research and
advocacy
The RCs and their advisory committees have an
important role in facilitating coordination and
regional cooperation in the SNA implementation
Institutional set up discussed during the EGM on
NA, Cairo, May 2009, close to arrangements for ICP
Is the new 2008 SNA really new?
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Changes and improvements introduced were
perhaps more than forecasted at the beginning,
where the title was supposed to be changed to
1993 SNA Rev.1 …
… however, the overall structure proposed, the
philosophy followed and the approaches
suggested are unchanged
For example, MCs still following 1968 SNA might
move directly to 2008 SNA, as is the case for the
new classifications adopted (ISIC, CPC etc.)
Consequently, basic data requirements, tables to
be transmitted, definition of phases of
implementation etc. remain essentially the same
Minimum Data Requirement (MDR)
Milestones
Phase 1
Basic indicators of gross
domestic product (GDP)
Final expenditures on GDP at current and constant
prices; GDP by industry at current and constant prices
Phase 2
Gross national income and
other primary indicators
External account of primary incomes and current
transfers; capital and financial accounts for the rest of
the world
Phase 3
Institutional sector accounts:
first steps
Production accounts for all institutional sectors;
generation of income, allocation of primary income,
secondary distribution of income, use of income, capital
and financial accounts for general government
Phase 4
Institutional sector accounts:
intermediate steps
Generation of income, allocation of primary income,
secondary distribution of income, use of income, capital
accounts for all institutional sectors other than general
government
Phase 5
Institutional sector accounts:
last of the transaction
accounts
Financial accounts for all institutional sectors other than
general government
Phase 6
Other flow accounts and
balance sheets
Other changes in assets accounts for all institutional
sectors; balance sheets
MDR cntd.
Scope of Comp. of 1993 SNA Tables and Accounts (a)
SNA segments
Table #
in NAQ
Name of SNA segment
Annual
Accounts
Quarterly
Accounts
Value added, GDP and employment
2.1
Value added and GDP in current prices by
industry
Min req’t
Recomm
2.2
Value added and GDP in constant prices
by industry
Min req’t
Recomm
1.1
Expenditure of the GDP in current prices
Min req’t
Recomm
1.2
Expenditure of the GDP in constant prices
Min req’t
Recomm
2.3
Value-added components by industry,
current prices
Min req’t
Desirable
Employment by industry
Min req’t
Recomm
MDR cntd.
Scope of Comp. of 1993 SNA Tables and Accounts (b)
SNA segments
Table #
in NAQ
Name of SNA segment
Annual
Accounts
Quarterly
Accounts
Integrated accounts and tables, including integrated satellite accounts
1.3/4.1
5.1
Accounts for the total economy
Min req’t
Recomm
Supply and use table
Recomm
Desirable
Cross-classification of output/value added
by industries and sectors
Recomm
Integrated economic accounts
Recomm
Tourism Accounts
*
Environmental Accounts
*
SAMs and Other socio-economic
accounts
*
MDR cntd.
Scope of Comp. of 1993 SNA Tables and Accounts (c)
SNA segments
Table #
in NAQ
Name of SNA segment
Annual
Accounts
Purpose classification of expenditures
3.1
3.2
General government final consumption
(and other) expenditure by purpose in
current prices
Recomm
General government final consumption
expenditure by purpose at constant prices
*
Individual consumption (and other)
expenditures by purpose in current prices
Recomm
Individual consumption expenditures by
purpose at constant prices
*
Purpose classification of intermediate and
final consumption across all sectors
*
Quarterly
Accounts
MDR cntd.
Scope of Comp. of 1993 SNA Tables and Accounts (d)
SNA segments
Table #
in NAQ
Name of SNA segment
Annual
Accounts
Quarterly
Accounts
Sector accounts (until net lending)
Min req’t
4.2
Rest of the world accounts
4.3
Non-financial corporations sector accounts
4.4
Financial corporations accounts
Recomm
4.5
General government sector accounts
Recomm
4.6
Household sector accounts
*
4.7
Non-profit institutions serving households
sector accounts
*
*
Recomm
MDR cntd.
Scope of Comp. of 1993 SNA Tables and Accounts (e)
SNA segments
Table #
in NAQ
Name of SNA segment
Annual
Accounts
Financial and capital stock accounts and tables
4.1-4.7
Financial accounts for all sectors
*
Balance sheets, revaluation and volume
changes in asset accounts
*
Asset accounts for financial assets
*
Asset accounts for produced assets
*
Asset accounts for non-produced assets
*
Quarterly
Accounts
Challenges in the ESCWA region
Implementation Milestones in the UN-ESCWA region
Phase
Description
# of ESCWA
MCs that
completed the
Phase
Phase 1
Basic indicators of gross domestic product
(GDP)
8
Phase 2
Gross national income and other primary
indicators
8
Phase 3
Institutional sector accounts: first steps
5
Phase 4
Institutional sector accounts: intermediate
steps
5
Phase 5
Institutional sector accounts: last of the
transaction accounts
1
Challenges in the ESCWA region cntd.
Meeting Minimum Data Requirements in 14 MCs of ESCWA
Compilation and release of
# of ESCWA MCs
that completed the
Phase
Value added and GDP in current prices by industry
14
Value added and GDP in constant prices by industry
14
Expenditure of the GDP in current prices
14
Expenditure of the GDP in constant prices
9
Value added components by industry at current
prices
14
Employment by industry (published)
10
Accounts for the total economy
9
RoW Accounts (up to net lending)
5
Challenges in the ESCWA region cntd.
Basic data requirements for Annual Accounts
Priority
1. Population and Housing Censuses
H
2. Business registers
H
3. Enterprise surveys, more than 5 employees, HF
H
4. Enterprise surveys, less than 5 empl., LF
M
5. Prices: consumer, producer, wholesale, import/export (unit
values)
M-H
6. Labor force survey
M
7. Household budget survey
M
8. Balance of payment statistics
H
Challenges in the ESCWA region cntd.
Basic data requirements for Quarterly Accounts
Priority
1. Industrial production index, quarterly
H
2. Turnover index for services, quarterly
H
3. Production in construction
M
4. Industrial new orders
M
5. Prices: consumer, producer, wholesale, import/export (unit
values), quarterly
M-H
6. Labor force survey, quarterly
M
7. Retail trade turnover, quarterly
H
8. Balance of payment statistics, quarterly
M
Concluding, major gaps in WA …
1. Business registers / updating
2. Constant price estimations, especially
demand-side GDP
3. Income-side estimation
4. Exhaustiveness (i.e. informal sector)
5. Complete set of accounts
6. Availability of short-term indicators of
economic activity, employment and wages
Thank you
Giovanni Savio
UN–ESCWA, UN House, Riad El Solh Square, Beirut (LB)
[email protected]