Transcript ThemeGallery PowerTemplate - United Nations Economic

Transition of National Accounts of the
Republic of Belarus to 2008 SNA Methodology
and Cooperation 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;
• allocation of primary income account;
• secondary distribution of income account;
• use of income accounts;
• 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
•
Implementation of new classification of economic activities (CCEA 005-2011)
since January 2016. Such classification has been developed based on
classification of economic activities of the European Union NACE v. 2.0.;
•
Expenditures for R&D activities;
•
Inclusion of military expenditures ;
•
Financial intermediation services indirectly measured;
•
Services of owner occupied housing;
•
Development and implementation of classification of institutional units by
economic sectors in line with the recommendations of the 2008 SNA;
•
Improved estimates 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 surveys by types of economic activities were
conducted for two years with two versions of CCEA;
• 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
Expenditures on R&D activities
• Disaggregation of survey data and data validation has been
conducted, which allowed calculation of output, intermediate
consumption and gross fixed capital formation by three groups:
• market producers active on the market;
• market producers which do not have sales (R&D development is
performed at own expense);
• units of general government sector.
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Main Priorities for Improvement of National Accounts
and Implementation of the 2008 SNA
Inclusion of military expenditures
This issue has been resolved in cooperation with the Ministry of Defence.
Determined expenditures for armament systems, which are constantly
used for production of defence services.
Annual data on expenditures for armament systems have been provided,
as well as data on volume and prices of assets in the year of acquisition
and service-lifes
Consumption of fixed capital has been calculated.
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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 is presented
as a separate economic sector
In line with the 2008 SNA, the estimates for FISIM are done separately for
deposits and loans using reference rate
When assessing the reference rate, the interbank rates were taken into
account, as well as the highest bank deposit rates, the lowest credit rates
and long-term government bond rates
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Financial Intermediation Services Indirectly
Measured
FISIM, bln BYR
GDP, bln BYR
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
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FISIM after Distribution by Types of Economic Activity
As percentage of GDP
(93 SNA)
As percentage of GDP
(2008 SNA)
100
100
Taxes less subsidies on products
12.7
12.3
Gross value added
87.3
87.7
Agriculture, hunting & forestry
8.5
8.3
Fishing
0.1
0.1
Mining and quarrying
1.1
1.0
Manufacturing
26.1
25.2
Electricity, gas and water supply
2.9
2.8
Construction
7.4
7.2
Wholesale & retail trade; repairs
14.0
13.3
Hotels and restaurants
0.7
0.7
Transport, storage and communications
7.5
7.0
Financial intermediation
3.7
3.4
Real estate, renting & business activities
6.0
7.4
Public administration and defence; compulsory social security
3.0
2.9
Education
3.9
3.8
Health and social work
2.9
2.8
Other community, social and personal service activities
1.9
1.8
FISIM (Financial intermediation services indirectly measured)
-2.4
-
Gross domestic product
including:
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Main Priorities for Improvement of National Accounts
and Implementation of the 2008 SNA
Owner Occupied Housing services
According to the 93 SNA methodology, the housing services are estimated
using annual average square of owners occupied housing and
maintenance expenditures. Rental expenditures (excluding communal
payments), obtained from sample household survey are added to the
estimate.
According to the 2008 SNA, a user expenditure method has been used to
determine imputed rent of 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
Shares in GDP
2010
1.1
2.9
2011
0.7
2.3
2012
0.5
2.2
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Main Priorities for Improvement of National Accounts
and Implementation of the 2008 SNA
Classification of institutional units
An interdepartmental group on development and implementation of the
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
sectors in member-states of the Eurasian Economic Union have been
prepared
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Main Priorities for Improvement of National Accounts
and Implementation of the 2008 SNA
Non-observed economy – types of economic activity not captured by the
official statistics
•hidden economy is an activity which is permitted by law, but is
intentionally hidden to defraud the revenue and avoid 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
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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 military expenditures
0.1
FISIM
0.9
Imputed payment of owner occupied housing
1.8
GDP (2008 SNA)
3.4
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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 expenditure
3.0
Final consumption expenditure of households
Final consumption expenditure of general government,
including:
3.1
- 0.1
Individual consumption of general government
-
Collective consumption of general government
- 0.1
Final consumption expenditure of NPISHs
Gross capital formation
Gross fixed capital formation
Changes in inventories
External balance on goods & services
0.8
0.8
-
Exports of goods & services
-
Imports of goods & services
-
Statistical discrepancy
- 0.4
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