Transcript Assessment of the Non-Observed Economy in Albania

MEETING OF THE WORKING PARTY ON
NATIONAL ACCOUNTS
Paris, 10-12 October 2006
The situation of QUARTERLY NATIONAL
ACCOUNTS data transmission to the OECD
Document STD/CSTAT/WPNA(2006)6
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The OECD QNA database
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Requirements of OECD internal users
– Full scope of what is produced by National Statistical Institutes
– Accuracy, comparability and timeliness
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Content of the database
– Set of tables of the OECD - Eurostat questionnaire
– Plus most of the other accounts produced by countries
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Data dissemination of a selection of aggregates
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Paper publication and CD-ROM released on a quarterly basis
Electronic publication released monthly
Extract of the electronic publication updated daily in OECD.Stat
Internet table showing quarterly growth rates for GDP at
constant prices, updated weekly
– Quarterly news release on GDP volume growth for the OECD
area
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Data transmission to the OECD (1)
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All countries announce on Internet, in advance, the
release day of their QNA.
OECD users expect the database to be updated
within 24 hours of the release.
Table 1 of Document 6 gives information on data
release and data transmission by OECD Member
countries.
Most countries now send their data on their release
day. However, some of them have sent their data with
a small delay for Q1 or Q2 2006 (Australia, Greece,
Ireland and the United Kingdom for Q1, Austria and
Greece for Q2).
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Data transmission to the OECD (2)
OECD requirements:
 A brief note appended to the data transmission to
signal any important change.
 Transmission of national press releases and GDP
flash estimates as soon as available.
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When a major methodological change is made,
we would prefer countries to send only data with
the new methodology.
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Chained volume estimates
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Table 2 gives information on country practices regarding
implementation of chained volume estimates and the method used
to link their QNA. Most European countries have chain-linked their
QNA and remaining countries are expected to do so by the end of
2007.
The majority of European countries have opted for the annual
overlap method among the 3 methods for chain-linking QNA.
Joint OECD-Eurostat questionnaire on best practices for compilation
and presentation of growth contributions: proposes that countries
supply contributions to growth data for the major expenditure and
output aggregates (see Item 21 of the agenda).
In the meantime, OECD asks countries to supply the contributions
to GDP growth of changes in inventories and net exports, which are
more problematic to chain-link.
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Allocation of FISIM
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Table 3 gives information on the state of play
regarding the allocation of FISIM by OECD Member
countries.
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Several non-European countries have been
allocating FISIM to all sectors for many years.
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Over the past two years, most European countries
have implemented it in their quarterly accounts and
the remaining countries plan to do so by next year.
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Quarterly Sector accounts
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Eurostat Regulation 1161/2005 on the compilation of
EU quarterly non-financial accounts by institutional
sector: to provide a comprehensive overview of the
euro area/EU25 as a single economy and to allow for
a wide-ranging analysis of the interactions among the
institutional sectors.
Table 4 gives the state of play of the 2nd data
transmission due on April 2006.
Eurostat plans to publish quarterly sector accounts for
the euro area and EU25 from the spring of 2007.
Quarterly sector accounts are also available for some
non-EU countries (see Table 5).
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Conclusion
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Principle governing the transmission of data:
transmit data to the OECD (and Eurostat) as early as
possible on the release day of the data by the NSI.
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Chain-linking (Table 2): Could Member countries amend or
confirm the planned dates and particularly could France,
Korea, Mexico and Turkey indicate if and when they expect
to introduce quarterly chain-linked data?
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FISIM allocation (Table 3): Could Member countries amend
or confirm the planned dates and specifically could Mexico,
New Zealand and Turkey indicate if and when they expect to
allocate FISIM?
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THANK YOU
[email protected]
www.oecd.org/std/qna/statistics
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