Transcript Workshop on National Accounts New Delhi, India 6 – 9 July 2009

Workshop on National Accounts
New Delhi, India
6 – 9 July 2009
Country : BHUTAN
Dechen Wangdi
Contents
•
•
•
•
•
•
System of National Accounts in Bhutan
Approaches to GDP estimates
Classifications
Quarterly GDP estimates by sector
SNA implementation plan, 1993, 2008
Problems and issues
I. System of National Accounts
• Partially with 1993 SNA
- FISM distributed across the sectors
- Soft ware included as capital formation
(govt)
- Mineral exploration still treated as IC
- valuables = difficult to implement
- Military expenditures on non-military
equipment and structures are difficult to obtain
System contd…
•
•
•
•
•
The base year =2000
Previous base= 1980
The GDP estimates are on calendar year
Time lag of about 1 year
GDP disseminated through publication and
through website
System: sources of data
• Sources
-Administrative
-Census/surveys
- Other indicators
II. Approaches to GDP estimates
• Production and expenditure approach
• Difference between production and expenditure
treated as SD
• Sources of data for the private consumption is
from 2007 BLSS and for the Govt. is budget
documents
III. Classifications
• Industrial and product classification not done
• Private consumption= COICOP
• Government = COFOG
IV. Quarterly GDP back ground
• Attempts made for 2000 to 2007
• Methodology not very sound
• Not published
Quarterly contd..
• Agriculture:
Basically no information, broken down the
annual estimate using ratios of
harvesting pattern of various crops
Data sources : Ministry of Agriculture, 2000
census
Livestock : No indicators
Quarterly contd…………
Forestry :
Data not available
• Mining :
Quarterly production figures are available
Data sources : Dept. of geology and mines
Contd…..
• Manufacturing:
Quarterly figures for major industries
available but the problems are with
medium and un-registered sector.
• Electricity and water:
Monthly generation data available
Data sources : Dept of energy
Quarterly contd…………
Construction:
- Private = information not available
- Government = govt. budget document
- information for corporations are
available
• Wholesale and retail trade:
No information are available
Quarterly contd…………
• Transport, storage and communication:
No information
• Financing, Insurance and real-estate:
quarterly information are available from
Central Bank
Contd…
• Community and social services:
Govt. budget documents are being made
available on a quarterly basis
• Private social and recreational services:
Information not available
V. SNA implementation plan
• No definite time period
• Slowly trying to implement
• Rebasing =every 10 years ???
VI. Problems and the issues
• Non-availability of information
• Technical difficulties
• Co-ordination among various agencies
• Funding
Thank you