implementation of sna 2008 / esa 2010

Statistical Office of the Republic of Serbia

Implementation of SNA 2008 / ESA 2010Implementation of SNA 2008 / ESA 2010

www.stat.gov.rs / [email protected] / [email protected]

•21 Јаnuary 2014 - In Brussels was held the First Intergovernmental Conference which marked the formal start of Serbia's negotiations to join the EU.

•SNA 2008 vs. ESA 2010

•Organization of the new methodology implementation, UN vs. Eurostat approach

Status of the Republic of Serbia, SNA 2008 / ESA 2010Status of the Republic of Serbia, SNA 2008 / ESA 2010


•Changes between ESA 95 and ESA 2010

•Improvement in the Serbian National Accounts

•Review of the Serbian statistical system

ESA 2010 Implementation, objectivesESA 2010 Implementation, objectives


Issue number Issue Description Implement yes/no Impact on GDP/GNI

I. Units

1 Ancillary activities no

2 Residence of multi-territory enterprises no

3 Special purpose entities (SPE) no

4 Holding company yes small

5 Head office yes small

6 Sub-sectoring of the financial corporation sector yes small

II. Production boundary

7 R&D yes medium

8 FISIM yes medium

9 Central Bank yes small

10 Non-life insurance yes small

11 Reinsurance yes small

12 Output for own final use yes small

ESA 2010 road map list, 1/5ESA 2010 road map list, 1/5


Issue numb

er Issue Description Implement yes/no Impact on GDP/GNI

III. Non-Financial Assets

13 Asset boundary extended to include R&D yes medium

14 Revised classification of assets yes small

15 Weapons systems, 19 A yes small

16 Databases yes small

17 Originals and copies yes small

18 Costs of ownership transfer yes small

19 Land improvements yes small

20 Goodwill and marketing assets no

21 Consumption of fixed capital evaluation at constant-quality no

22 Intellectual property products yes small

23 Classification for Other changes in the volume of assets account no

24 Treatment of small tools yessmall

25 Construction activities abroad for less than one year yes small



Issue numb


IV. Financial instruments

26 Employee stock options no

27 Non-performing loans no

28 Guarantees no

29 Index-linked debt securities no

30 Debt issued on concessional terms. no

31 Debt instruments indexed to a foreign currency no

32 Special drawing rights (SDR) no

33 Fees payable on securities lending and gold loans no

34 Financial asset classification no

35 Recording pension entitlements no



Issue numb


V. Government

36 Boundary between private/public/government sectors yes small

37 Restructuring agencies no

38 Government issued permits (Contracts, leases and licenses) no

39 Exceptional payments from public corporations no

40 Exceptional payments from government to public quasi-corporations no

41 Accrual recording of taxes yes small

42 Tax credits no

43 Public-private partnerships no



Issue numb


VI. ROW

44 Goods sent abroad for processing yes small

45 Merchanting yes small

VII. Other

46 Patented entities yes small

47Right to use / exploit non-produced resources between resident and non-residents no

48 Asset boundary for non-produced intangible assets no

49 Illegal activities yes medium

50Retained earnings of mutual funds, insurance companies and pension funds yes small

51 VAT for EU 3rd resource no



Issue number Brief description of methodology

Time series to be prepared

When expected to be available

(month, year)

7R&D 2005 - onwards September 2014

In line with ESA 2010 production boundary has been extended by including R&D expenditure in GFCF estimates. The information collected in accordance with the Frascati manual and Commission Regulation (EC) No 753/2004 of 22 April 2004 will provide estimates of R&D expenditure.

8FISIM 2005 - onwards September 2014

Working group with National Bank of Serbia (NBS) has been established in order to fully apply FISIM regulation in line with ESA 2010 methodology. This is the objective of the ongoing IPA 2011 MBP - DCP1. National accounts methodology. FISIM will be calculated in respect of non-bank user institutional sectors only.

10Non-life insurance 2005 - onwards September 2014The output of non-life insurance is calculated by: total premiums earned plus premium supplements less adjusted claims insured. The method based on accounting information is used: adjusted claims are derived ex post as actual claims incurred plus the change in equalization provisions, i.e. the funds set aside to meet unexpectedly large claims.

ESA 2010 road map - descriptionESA 2010 road map - description


•Description of the change

•Methodological guide

•Main data source

•Sector allocation of R&D

•Calculation of R&D in volume terms

•Impact on GFCF and GDP

GFCF – Research and developmentGFCF – Research and development ( (R & D)R & D)


GFCF Total changes, preliminary estimates

mill RSD

2007 2008 2009 2010 2011 2012

ESA 95GFCF 552271 632411 510227 512287 592844 717245

GDP 2276886 2661387 2720084 2881891 3208620 3348689

ESA 2010GFCF 570549 660228 540509 540495 622347 754370

GDP 2295163 2689204 2750365 2910099 3238123 3385814

Impact, %GFCF 3.3 4.4 5.9 5.5 5.0 5.2

GDP 0.8 1.0 1.1 1.0 0.9 1.1

GFCF Total changes, impact on GDPGFCF Total changes, impact on GDP


•Description of the change

•Methodological framework

•Main data source

•Sector allocation of FISIM

•Impact on GDP

FISIMFISIM


Fisim 2011 - 2012 by Institutional sectors in mill. RSD

FISIM Shares

Institutional sector 2012 2011 2012 2011

S.11 Non-Financial corporation 36781 45916 45,3 55,3

S.12 Financial corporation -1302 -1795 -1,6 -2,2

S.13 Government sector 1653 1857 2,0 2,2

S.14 Household sector 44581 38757 54,9 46,7

Unincorporated enterprisers 4116 4128 5,1 5,0Household sector - Final consumption 37125 30955 45,7 37,3

Household sector - Dwelling loans 695 1399 0,9 1,7

Farmers 2645 2275 3,3 2,7

S.14 NPISH -201 -241 -0,2 -0,3

S.2 ROW- export -281 -1472 -0,3 -1,8

Total 81231 83022 100,0 100,0

FISIM, ESA 2010 estimation and sector allocationFISIM, ESA 2010 estimation and sector allocation


•Illegal activities: narcotics, prostitution, tobacco smuggling

•Non-financial corporations sector - NOE

•GFCF - own-account construction of dwellings

•HFCE - Household services (NOE)

ExhaustivenessExhaustiveness


•Aim

•Data sources and methodology

•Results

•Assumption

Exhaustiveness, Illegal activities - narcoticsExhaustiveness, Illegal activities - narcotics


Narcotics consumption, 2012

Heroin Cocaine Marijuana Ecstasy Amphetamines

Number of drug users 32 545 9 243 99 157 24 053 17 672

Share in the population (15-64) 0.66 0.19 2.02 0.49 0.36The average annual consumption by drug consumer in grams

228.1 52.0 52.0 26.0 26.0

Street cost of a single dose, in EUR 5.0 50.0 1.5 4.0 5.0

Import purity of drugs, in % 22.5 80.0 9.5 30.0 20.0

Street purity of drug, in % 4.4 35.2 8.0 15.0 7.0

Degree of seizure, in % 11.1 5.9 0.2 3.0 4.8

Annual consumption per user in EUR 4 563 2 600 198 416 520

HFCE in millions of EUR 152.1 24.6 19.5 10.7 10.2

Exhaustiveness, Illegal activities - narcoticsExhaustiveness, Illegal activities - narcotics


•Aim, problem

•Data sources and methodology

•Results

•Assumption

Exhaustiveness, Illegal activities - tobacco smugglingExhaustiveness, Illegal activities - tobacco smuggling


Tobacco smuggling 2009 2010 2011 2012

Supply of tobacco 1 114 1 225 1 179 989

Packs of cigarettes displayed in HFCE 696 701 707 637

Percentage share of HFCE at total supply 62.5 57.2 60.0 64.4

Missing packs of cigarettes 418 524 472 352

Estimation of seized cigarettes 224 311 260 251

Quantities of cigarettes that should be added to HFCE 195 212 212 101

Exhaustiveness, Illegal activities - tobacco smugglingExhaustiveness, Illegal activities - tobacco smuggling


•Aim, problem

•Data sources and methodology, main and subsidiary

•Results

•Assumption

Exhaustiveness, Non-financial corporations sector - NOEExhaustiveness, Non-financial corporations sector - NOE


NOE Summary of NFC by sections, in millions RSD, 2011

SectionGVATotal

structure of GVA

impact on GDP in %

impact on GVA section

in %TOTAL 242 037 100.0 6.9 8.1A Agriculture, forestry and fishing 24 583 10.2 0.7 6.8B Mining and quarrying 1 059 0.4 0.0 2.0C Manufacturing 72 817 30.1 2.1 14.5D Electricity, gas, steam and air conditioning supply 1 651 0.7 0.0 1.7E Water supply; sewerage, waste management and remediation activities 2 454 1.0 0.1 6.0F Construction 33 724 13.9 1.0 21.0G Wholesale and retail trade; repair of motor vehicles and motorcycles 32 219 13.3 0.9 9.7H Transportation and storage 16 888 7.0 0.5 11.2I Accommodation and food service activities 3 203 1.3 0.1 9.2J Information and communication 6 034 2.5 0.2 4.1K Financial and insurance activities - - - -L Real estate activities 18 450 7.6 0.5 5.7M Professional, scientific and technical activities 1 764 0.7 0.1 1.7N Administrative and support service activities 5 781 2.4 0.2 11.1O Public administration and defense; compulsory social security - - - -P Education - - - -Q Human health and social work activities 64 0.0 0.0 0.0R Arts, entertainment and recreation 4 114 1.7 0.1 12.4S Other service activities 17 231 7.1 0.5 32.1T Activities of households as employers - - - -U Activities of extraterritorial organizations and bodies - - - -

Exhaustiveness, Non-financial corporations sector - NOEExhaustiveness, Non-financial corporations sector - NOE


•Double deflation of production side of GDP

•Expenditure side of GDP at constant prices

•Work on preparation of tables for Budget deficit and Government debt

•Quarterly Accounts

•Regional Accounts

•Work on Economic Accounts for Agriculture

Other improvements of statistical systemOther improvements of statistical system


•SUT implementation

•Sectorisation in line with ESA 2010

•Budget deficit and Government debt

•Regional Accounts

•Economic Accounts for Agriculture

Future workFuture work


Thank you for your attention!

The endThe end

implementation of sna 2008 / esa 2010

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