Transcript Zimbabwe Presentation on Supply and Use Tables Tunisia 1

12th Africa Symposium on Statistical Development
(ASSD) Tunis, Tunisia 02 -04 November, 2016
Theme: Strengthening Basic Economic Statistics for the
Compilation of National Accounts in Africa”
Presentation on Compiling Supply and Use Tables (SUTs) in
Zimbabwe.
By Mutasa Dzinotizei,
Director General
Zimbabwe National Statistics Agency
Summary of Presentation
• Introduction and objective of the paper
• Benefits of the Supply and Use Table
• Data sources for compiling supply and use tables in Zimbabwe
• Methodology of compiling supply and use tables in Zimbabwe
• Implementation Process
• Summary of work done to date on Supply and Use Tables
• Progress on the 2012 Supply and Use Tables
• Challenges, opportunities and gap analysis
• Conclusions
Introduction and objective of the paper
• To share the progress made in the compilation of the first
comprehensive supply and use tables in Zimbabwe for the year 2012.
• To show the advantages of using supply and use tables in computing
national accounts.
• To show the level of implementation of the System of National
Accounts.
• To show the challenges faced in compiling supply and use tables.
Benefits of the Supply and Use Tables
• The computation of the Gross Domestic Product (GDP) is one of the
main functions of a National Statistical Office.
• The supply and use system is the best framework for compiling both
GDP at current and at constant prices in an integrated approach.
• Supply and use tables constitute the centre piece of the
internationally compatible accounting framework for a systematic and
detailed description of the economy, its various components on the
supply and demand side and its relations to other economies.
Benefits of the Supply and Use Tables
Continued
• Supply and use tables provide a detailed picture of the supply of goods and
services by domestic production and imports and the use of goods and
services for intermediate consumption and final use (consumption, gross
capital formation, exports).
• The use table also shows how the components of value added
(compensation of employees, other net taxes on production, consumption
of fixed capital, net operating surplus) are generated by industries in the
domestic economy.
• Thus, supply and use tables give detailed information on the production
processes, the interdependencies in production, the use of goods and
services and generation of income generated in production.
Benefits of the Supply and Use Tables Continued
• The supply and use framework is that part of the national accounts system
which focuses on the production in an economy. Important
macroeconomic aggregates such as GDP, value added, consumption,
investment, imports and exports are generated.
• Supply and use tables show where goods and services are produced and
where they are used in intermediate consumption, final consumption,
gross capital formation and exports.
• The supply and use system is the adequate accounting framework for
compiling consistent and reliable national accounts data and is
recommended for the compilation of national accounts.
• Provide an ideal framework for checking the consistency of statistical data
on flows of goods and services obtained from different sources.
Data sources for compiling supply and use
tables in Zimbabwe
• Agriculture and Livestock Survey (ALS) 2012
• Poverty Income Consumption and Expenditure Survey (PICES)
2011/12.
• Central Business Register (CBR) 2012
• Survey of Services 2013
• Insurance, Pension and Provident Fund Reports (IPEC) 2012.
• National Income Survey for the Financial Sector (2012)
• Survey of Public Corporations (2012)
• Government Accounts (2012)
Data sources for compiling supply and use
tables in Zimbabwe Continued
• BOP and External Trade Statistics data (2012)
• Non Profit Institutions Serving Households Survey (2012)
• Labour Force Survey (2012)
• Zimbabwe Population Census Statistics (2012)
• Consumer Price Survey (2012)
• Taxes data (2012)
• Chamber of Mines Data on Mining (2012)
• Central Bank Financial Services Statistics (2012)
Methodology of compiling supply and use tables in
Zimbabwe.
• The year 2012 was ideal because a lot of data sources was available
during that year.
• Output figures are obtained from the Economic Surveys and from
Turnover data derived from the CBR and Taxes data.
• Intermediate Consumption are derived from the existing data sources
(input/output ratios) or from surveys.
• The intermediate consumption figures were subtracted from output
figures to get value added (GDP).
• The Gross Domestic Product is measured by industry at current and
constant prices.
Implementation Process
• Both the 2008 and 1993 System of National Accounts are being used
in compiling the Supply and use tables in Zimbabwe.
• Consultants from the international Monetary Fund (IMF)were allowed
to review the data set.
• A group of officers were trained in the compiling of the SUT
• This helped ZIMSTAT to move fast in the compilation process.
Summary of work done to date on Supply and
Use tables
• Earlier work on Supply and Use tables were done, 1982, 1992 and
2000 but the results were never published .
• Recent work done was based on the year 2012 because there is a rich
set of data provided by different surveys and administrative data.
Progress on the 2012 Supply and Use
• The Central Product Classification (CPC) rev 2 classifications were used
(three Digit level were used).
• International Standard Classification (ISIC) Rev 4 was used for the
industries (three digit level was adopted).
• The matrix consists of 213 products and 27 industries.
• Work is underway to collapse the products to about 100 products.
• Balancing of the Supply and Use tables in also underway as the data keeps
on changing in the light of new information being obtained.
• The resultant GDP numbers will be adopted into the national accounts
both at current and constant prices.
• Current work was reviewed by an IMF expert and recommendations are
being followed.
Challenges, opportunities and gap analysis
• ZIMSTAT has vast knowledge of compiling Supply and Use tables but
progress has been hampered by shortage of staff (ZIMSTAT cannot
hire new staff due to a Government Freeze caused by budgetary
constraints. The staff shortage is affecting the Statistician grade.
• ZIMSTAT staff participate in workshops organized jointly by MEFMI
and IMF, or IMF workshops organized by Afritac South, or African
Development Bank working hand in glove with SADC and COMESA
countries.
• A senior member of staff was also invited to attend a national
accounts workshop in Washington DC in 2015. The member of staff
was assigned work on supply and use tables. The Supply and Use
tables are being reviewed in light of new information obtained from
surveys.
Conclusions
• Zimbabwe is proud to have started working on supply and use tables.
• The results of Supply and Use Tables will be used to revise the
current Gross Domestic Product numbers.
• An aggregate set of Supply and Use tables are expected to be
completed at the end of 2016.