Transcript Assessment of the Non-Observed Economy in Albania

WORKING PARTY ON NATIONAL ACCOUNTS
Paris, 3-5 October 2007
The situation of QUARTERLY NATIONAL
ACCOUNTS data transmission to the OECD
Document STD/CSTAT/WPNA(2007)6
Rachida DKHISSI
The OECD QNA database (1)
• Requirements of OECD internal users
– Full scope of what is produced by National
Statistical Institutes
– Accuracy, comparability and timeliness
• Content of the database
– Set of tables of the OECD - Eurostat
questionnaire
– Plus most of the other accounts produced by
countries
The OECD QNA database (2)
• Released on a quarterly basis:
– paper publication, CD-ROM, news release on
GDP volume growth for the OECD area
• Electronic publication released monthly
• Updated daily in OECD.Stat:
– extract of the electronic publication, quarterly
growth rates for GDP in volume
• OECD performs seasonal adjustment of
GDP by expenditure components when no
national data are provided.
Data transmission to the OECD
• All countries announce on Internet, in
advance, the release day of their QNA.
• OECD users expect the database to be
updated within 24 h of the release for
Major Seven countries and within 48h for
other countries.
• Table 1 of Document 6: small delay for
Q1 and/or Q2 2007 data transmission
(Australia, Greece, Ireland, Korea, Norway,
Poland and the United Kingdom).
OECD requirements on data
transmission
• Transmission of data, national press
releases and GDP flash as soon as available
on the day of release.
• A brief note appended to the data
transmission to signal any important
change.
• When a major methodological change is
made, we would prefer countries to send
only data with the new methodology.
Chain volume estimates
• Table 2: all EU countries have changed
over to chain volume estimates except
Slovak Republic.
• The majority of EU countries have opted
for the annual overlap method among the 3
methods for chaining QNA.
• Among non-EU countries Korea, Mexico
and Turkey still use fixed constant prices.
Contributions to GDP growth
• Quarterly changes in inventories and external
balance: two important variables but
accurate calculation of contributions to GDP
growth particularly problematic for users.
• Table 3 gives the availability in the OECD
QNA database of these contributions.
• OECD asks countries to supply these
contributions through the ESA questionnaire
(see Attachment 1) or in national file or
database with as much data precision as
possible.
Allocation of FISIM
• Table 4: all EU countries have allocated
FISIM to all sectors except the United
Kingdom.
• Several non-European countries have
been allocating FISIM for many years like
Australia, Canada, Korea and the United
States.
• Japan, Mexico, New Zealand and Turkey
have not yet implemented this
methodological change in their quarterly
accounts.
Quarterly Sector accounts
• Since 1st of June 2007, Eurostat releases
quarterly sector accounts for the Euro
area and the EU.
• Quarterly institutional sector accounts
are stored in the OECD QNA database for
Australia, Canada, Italy, Norway, Slovak
Republic, Sweden, the UK and the US.
New ESA95 questionnaire
• The current ESA95 questionnaire has been
revised and a new key family has been
adopted for the European transmission
programme. Both changes are expected to
be implemented at the same time.
• Eurostat expects a first data transmission
including these new features for next
December.
• OECD is amending its systems to deal with
the change.
Conclusion
• 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.
• Chaining (Table 2): Could Korea, Mexico, Slovak
Republic and Turkey indicate if they expect to
introduce quarterly chain volume estimates ? If so,
with the release of which reference quarter is the
change planned ?
• FISIM allocation (Table 4): Could Japan and the United
Kingdom confirm or amend the planned dates ? Could
Mexico, New Zealand and Turkey indicate if they expect
to allocate FISIM ? If so, with the release of which
reference quarter is the change planned ?
THANK YOU !
[email protected]
www.oecd.org/std/qna/statistics