Transcript ACS PPMR Report – Jan 2011 - African Centre for Statistics

United Nations Economic Commission for Africa
African Centre for
Statistics
Expert Group Meeting on Handbook of Supply and Use Table:
Compilation, Application, and Good Practices
Chapter 4 - Structure of SUT
Economic Statistics and National Accounts Section, ACS
24 – 28 October 2011
Addis Ababa, Ethiopia
Outline of Presentation
•
•
•
•
•
Descriptions of a simplified SUT
Uses of the SUT
Value Added Quadrant of the SUT
Comments and suggestions
Points for discussion
African Centre for
Statistics
TOTAL
SUPPLY
AND USES
Exports (EXP)
Change in Inventories (Δ
INV)
Final Consumption
Expenditure
Formation (GFCF)
Non-profit institutions
serving households
(NPISH)
Gross Fixed Capital
Households (HFCE)
Government (GFCE)
SUPPLY
Intermediate Consumption (IC)
(IMP)
Imports
(DP)
Domestic Production
Simplified Supply and Use Table
Simplified Supply and Use Table
USES
Capital
Formation
Goods
1
2
..
Services
1
2
..
TOTAL
African Centre for
Statistics
Simplified Supply and Use Table (cont’d)
• DP – Comes mostly from enterprises. it also includes the services
produced by government
• IMP and EXP include goods and services
• IC includes all the goods and services that are used up in DP
• NPISH include trade unions, political parties, religious and charitable
organisations, sporting and recreational associations.
• SNA recommends that consumption expenditures of NPISH should be
shown separately
• GFCF is broken down into residential and non-residential buildings,
other construction, machinery and equipment, increase in stocks of
certain types of farm animals, purchases and development of computer
software, and the costs of mineral exploration
African Centre for
Statistics
Simplified Supply and Use Table (cont’d)
• Change in inventories could be positive or negative, it ensures that the
two sides of the SUT will always be equal
SUT can be written as an equation
•
•
DP + IMP = IC + GFCE + HFCE + NPISH + GFCF + Δ INV + EXP
DP – IC = GFCE + HFCE + GFCF + NPISH + Δ INV + EXP - IMP
(1)
(2)
Where
• DP – IC is GDP (P)
• GFCE + HFCE + GFCF + NPISH + Δ INV + EXP – IMP is GDP (E)
African Centre for
Statistics
Uses of SUT
• SUT generates GDP (P) and GDP (E) simultaneously and they must always be
equal
• Accuracy of GDP (P) and GDP (E) is enhanced as compilation of SUT involves
balancing supply and use at detailed commodity level
• Estimating GDP through SUT is the best way to make sure that both GDP (P)
and GDP (E) are equal
• Most countries find it easier to make their first GDP estimates especially from
the production side
• If uses are estimated independently of supply, there will be statistical
discrepancy between GDP (P) and GDP (E)
• GDP (E) is considered to be the less reliable estimate of GDP but useful for
policy purposes
• Most developed countries now derive their regular GDP estimates though
annual SUT
African Centre for
Statistics
Value Added Quadrant of SUT
• The SUT can be expanded by adding a third quadrant which
is the value added quadrant
• The value added quadrant is obtained as DP - IC
• DP, IC, Value Added could be broken down by kind of
activity classification
• Only total value added by kind of activity is obtained from
the SUT
• Value added quadrant adds to analytical value of SUT
• Value added quadrant is not an integral part of SUT, it rather
be seen as an appendix
African Centre for
Statistics
Value Added Quadrant of SUT (cont’d)
The Value Added Quadrant of the Supply and Use Table
SUPPLY
USES
Domestic production (DP)
Intermediate consumption (IC)
Imports
(by kind of activity)
(by kind of activity)
Other
uses
VALUE ADDED
(obtained as the difference between
DP and IC and broken down by
kind of activity)
African Centre for
Statistics
Comments and Suggestions
• The chapter is clear and easy to understand
• Figures are helpful in explaining the concepts
However,
• The chapter is very short. If possible it may be good to
put related chapters such as 4,5 and 6 together
• It may be good to indicate in one sentence the main
sources for the components of value added and labour
input
African Centre for
Statistics
Points for Discussion
• Is there any country that derive regular GDP estimates
through annual SUT? If not in how many years interval
are GDP estimates derived through SUT?
• Could the chapter be combined with related chapters or
left as presented?
• Are there any important missing points that should be
included in the Chapter?
African Centre for
Statistics
Thank You
African Centre for
Statistics