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Furthering the use of administrative data in sub- annual financial statistics International Association for Official Statistics Conference Da Nang, Viet Nam, October 2014

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Page 1: Furthering the use of administrative data in sub-annual financial statistics International Association for Official Statistics Conference Da Nang, Viet

Furthering the use of administrative data in sub-annual financial statistics

International Association for Official Statistics Conference

Da Nang, Viet Nam,

October 2014

Page 2: Furthering the use of administrative data in sub-annual financial statistics International Association for Official Statistics Conference Da Nang, Viet

Introduction

Format of todays presentation• Setting the scene• Introduction to GST in New Zealand• Approach to maximising GST administrative data use• Trial outputs• Key lessons and future directions

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Page 3: Furthering the use of administrative data in sub-annual financial statistics International Association for Official Statistics Conference Da Nang, Viet

Background

Statistics 2020 vision: “to transform the collection and production of statistics”. Administrative data will be the first source of information, supplemented where necessary by direct collection.

First stage in our economics area is to progress this vision for sub-annual financial collections.

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Page 4: Furthering the use of administrative data in sub-annual financial statistics International Association for Official Statistics Conference Da Nang, Viet

Quick introduction to GST

GST is a value added tax • ie -paid on difference between sales and

purchases

Paid on most goods and services traded in New Zealand

Very few exceptions, and confined to particular industries• Key exceptions are financial services,

residential rent, and donations

Page 5: Furthering the use of administrative data in sub-annual financial statistics International Association for Official Statistics Conference Da Nang, Viet

Current sub-annual indicators (1)

5Economic Survey of Manufacturing– March 2014

Page 6: Furthering the use of administrative data in sub-annual financial statistics International Association for Official Statistics Conference Da Nang, Viet

Current sub-annual indicators (2)

Wholesale Trade Survey – March 2014 6

Page 7: Furthering the use of administrative data in sub-annual financial statistics International Association for Official Statistics Conference Da Nang, Viet

Historic use of GST in sub-annual business collections

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Page 8: Furthering the use of administrative data in sub-annual financial statistics International Association for Official Statistics Conference Da Nang, Viet

Managed collection strategy

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Where does this line fit and how can the managed collection be maintained over time?

Managed Collection

Admin Data (GST)

Key units

Variables

Proposed

Page 9: Furthering the use of administrative data in sub-annual financial statistics International Association for Official Statistics Conference Da Nang, Viet

Maximising administrative data use

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Page 10: Furthering the use of administrative data in sub-annual financial statistics International Association for Official Statistics Conference Da Nang, Viet

Data assessment

User needs and fitness for use

GST reporting structures

Conceptual alignment

Reporting frequency

Timeliness

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Page 11: Furthering the use of administrative data in sub-annual financial statistics International Association for Official Statistics Conference Da Nang, Viet

Methodology optionsCan we use the GST data directly within our output?• Direct unmodified approach• Direct transformed approach

Can the GST data be used in conjunction with other data?• Combined sources approach

Is GST unfit for statistical use?• Collect data from other sources (such as a postal

collection run by Statistics NZ is required)

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Page 12: Furthering the use of administrative data in sub-annual financial statistics International Association for Official Statistics Conference Da Nang, Viet

Trial outputs (1)

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Page 13: Furthering the use of administrative data in sub-annual financial statistics International Association for Official Statistics Conference Da Nang, Viet

Trial outputs (2)

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Page 14: Furthering the use of administrative data in sub-annual financial statistics International Association for Official Statistics Conference Da Nang, Viet

Trial outputs (3)

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Page 15: Furthering the use of administrative data in sub-annual financial statistics International Association for Official Statistics Conference Da Nang, Viet

Trial outputs (4)Quarterly Manufacturing Survey – Total Manufacturing sales compared to our new methods

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Page 16: Furthering the use of administrative data in sub-annual financial statistics International Association for Official Statistics Conference Da Nang, Viet

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Managed Collection

Key units

Variables

Proposed

What can we do if the variable of interest is not available in admin datasets?

Admin Data

Develop methods and strategies for

producing stocks measures

Page 17: Furthering the use of administrative data in sub-annual financial statistics International Association for Official Statistics Conference Da Nang, Viet

Summary and key lessons

We are now building these methods into producing our latest outputs internally.

To be integrated into our future sub-annual designs starting mid next year.

Strength of our organisations relationship with Inland Revenue is critical to ongoing success.

The path to using more administrative data is full of challenges (and not just data challenges).

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Page 18: Furthering the use of administrative data in sub-annual financial statistics International Association for Official Statistics Conference Da Nang, Viet

Questions

Contact detailsNicholas Cox, [email protected]

Mathew Page, [email protected]

Statistics New Zealand, Christchurch

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