review of the latest development of the sna 1993 and the related data collection requirements...
TRANSCRIPT
Review of the latest development of the SNA 1993 and the related data collection requirements
Giovanni SavioChief, Economic Statistics Section
Statistics Division, UN-ESCWA
High Level Meeting on Mainstreaming Sectoral Statistical Systems into the NSDS
QSA, Doha, 12-13 October 2009
Background on 2008 SNA Is the new 2008 SNA really new? Minimum Data Requirement (MDR) Challenges in the UN-ESCWA region Concluding, major gaps in WA …
Presentation plan
In February 2009 the Statistical Commission approved Vol. 2 of the 2008 SNA, thus completing a revision process of the 1993 SNA that started some 6 years ago in 2003
The revision was generated to bring the accounts in line with the new economic and financial environment, advances in methodological research, and users’ needs
Guidelines for the revision process No fundamental or comprehensive change to the 1993
SNA that would impede its implementation Consideration of feasibility of implementation Consistency with related statistical systems
Background on 2008 SNA
44 issues identified for review in the areas of: non-financial assets; financial services and instruments; government and public sector; RoW; units; informal sector and illegal activities
Implementation strategy supported by the SC, based on actions to improve the NSSs: strategic planning, coordination, monitoring and reporting
Five modalities of implementation: training, technical cooperation, manuals, research and advocacy
The RCs and their advisory committees have an important role in facilitating coordination and regional cooperation in the SNA implementation
Institutional set up discussed during the EGM on NA, Cairo, May 2009, close to arrangements for ICP
Background on 2008 SNA cntd.
Changes and improvements introduced were perhaps more than forecasted at the beginning, where the title was supposed to be changed to 1993 SNA Rev.1 …
… however, the overall structure proposed, the philosophy followed and the approaches suggested are unchanged
For example, MCs still following 1968 SNA might move directly to 2008 SNA, as is the case for the new classifications adopted (ISIC, CPC etc.)
Consequently, basic data requirements, tables to be transmitted, definition of phases of implementation etc. remain essentially the same
Is the new 2008 SNA really new?
Minimum Data Requirement (MDR)
Milestones
Phase 1 Basic indicators of gross domestic product (GDP)
Final expenditures on GDP at current and constant prices; GDP by industry at current and constant prices
Phase 2 Gross national income and other primary indicators
External account of primary incomes and current transfers; capital and financial accounts for the rest of the world
Phase 3 Institutional sector accounts: first steps
Production accounts for all institutional sectors; generation of income, allocation of primary income, secondary distribution of income, use of income, capital and financial accounts for general government
Phase 4 Institutional sector accounts: intermediate steps
Generation of income, allocation of primary income, secondary distribution of income, use of income, capital accounts for all institutional sectors other than general government
Phase 5 Institutional sector accounts: last of the transaction accounts
Financial accounts for all institutional sectors other than general government
Phase 6 Other flow accounts and balance sheets
Other changes in assets accounts for all institutional sectors; balance sheets
MDR cntd.
Scope of Comp. of 1993 SNA Tables and Accounts (a)
SNA segments Annual
Accounts
Quarterly
AccountsTable #
in NAQ
Name of SNA segment
Value added, GDP and employment
2.1 Value added and GDP in current prices by industry
Min req’t Recomm
2.2 Value added and GDP in constant prices by industry
Min req’t Recomm
1.1 Expenditure of the GDP in current prices Min req’t Recomm
1.2 Expenditure of the GDP in constant prices Min req’t Recomm
2.3 Value-added components by industry, current prices
Min req’t Desirable
Employment by industry Min req’t Recomm
MDR cntd.
Scope of Comp. of 1993 SNA Tables and Accounts (b)
SNA segments Annual
Accounts
Quarterly
AccountsTable #
in NAQ
Name of SNA segment
Integrated accounts and tables, including integrated satellite accounts
1.3/4.1 Accounts for the total economy Min req’t Recomm
Supply and use table Recomm Desirable
5.1 Cross-classification of output/value added by industries and sectors
Recomm
Integrated economic accounts Recomm
Tourism Accounts *
Environmental Accounts *
SAMs and Other socio-economic accounts
*
MDR cntd.
Scope of Comp. of 1993 SNA Tables and Accounts (c)
SNA segments Annual
Accounts
Quarterly
AccountsTable #
in NAQ
Name of SNA segment
Purpose classification of expenditures
3.1 General government final consumption (and other) expenditure by purpose in current prices
Recomm
General government final consumption expenditure by purpose at constant prices
*
3.2 Individual consumption (and other) expenditures by purpose in current prices
Recomm
Individual consumption expenditures by purpose at constant prices
*
Purpose classification of intermediate and final consumption across all sectors
*
MDR cntd.
Scope of Comp. of 1993 SNA Tables and Accounts (d)
SNA segments Annual
Accounts
Quarterly
AccountsTable #
in NAQ
Name of SNA segment
Sector accounts (until net lending)
4.2 Rest of the world accounts Min req’t Recomm
4.3 Non-financial corporations sector accounts *
4.4 Financial corporations accounts Recomm
4.5 General government sector accounts Recomm
4.6 Household sector accounts *
4.7 Non-profit institutions serving households sector accounts
*
MDR cntd.
Scope of Comp. of 1993 SNA Tables and Accounts (e)
SNA segments Annual
Accounts
Quarterly
AccountsTable #
in NAQ
Name of SNA segment
Financial and capital stock accounts and tables
4.1-4.7 Financial accounts for all sectors *
Balance sheets, revaluation and volume changes in asset accounts
*
Asset accounts for financial assets *
Asset accounts for produced assets *
Asset accounts for non-produced assets *
Challenges in the ESCWA region
Implementation Milestones in the UN-ESCWA region
Phase Description # of ESCWA MCs that completed the Phase
Phase 1 Basic indicators of gross domestic product (GDP)
8
Phase 2 Gross national income and other primary indicators
8
Phase 3 Institutional sector accounts: first steps 5
Phase 4 Institutional sector accounts: intermediate steps
5
Phase 5 Institutional sector accounts: last of the transaction accounts
1
Challenges in the ESCWA region cntd.
Meeting Minimum Data Requirements in 14 MCs of ESCWA
Compilation and release of # of ESCWA MCs that completed the Phase
Value added and GDP in current prices by industry 14
Value added and GDP in constant prices by industry 14
Expenditure of the GDP in current prices 14
Expenditure of the GDP in constant prices 9
Value added components by industry at current prices
14
Employment by industry (published) 10
Accounts for the total economy 9
RoW Accounts (up to net lending) 5
Challenges in the ESCWA region cntd.
Basic data requirements for Annual Accounts
Priority
1. Population and Housing Censuses H
2. Business registers H
3. Enterprise surveys, more than 5 employees, HF H
4. Enterprise surveys, less than 5 empl., LF M
5. Prices: consumer, producer, wholesale, import/export (unit values)
M-H
6. Labor force survey M
7. Household budget survey M
8. Balance of payment statistics H
Challenges in the ESCWA region cntd.
Basic data requirements for Quarterly Accounts
Priority
1. Industrial production index, quarterly H
2. Turnover index for services, quarterly H
3. Production in construction M
4. Industrial new orders M
5. Prices: consumer, producer, wholesale, import/export (unit values), quarterly
M-H
6. Labor force survey, quarterly M
7. Retail trade turnover, quarterly H
8. Balance of payment statistics, quarterly M
1. Business registers / updating
2. Constant price estimations, especially demand-side GDP
3. Income-side estimation
4. Exhaustiveness (i.e. informal sector)
5. Complete set of accounts
6. Availability of short-term indicators of economic activity, employment and wages
Concluding, major gaps in WA …
Thank you
Giovanni Savio
UN–ESCWA, UN House, Riad El Solh Square, Beirut (LB)