Trade in services statistics developments in new zealand
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Trade in Services Statistics Developments in New Zealand Shirley Nesbit Statistics New Zealand for OECD-EUROSTAT MEETING OF EXPERTS IN TRADE-IN-SERVICES STATISTICS (TIS) April 2004 Overview Background Increasing importance of trade in services “Other Services” project:

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Trade in services statistics developments in new zealand l.jpg

Trade in Services StatisticsDevelopments in New Zealand

Shirley Nesbit

Statistics New Zealand


April 2004

Overview l.jpg

  • Background

    • Increasing importance of trade in services

  • “Other Services” project:

    • Current methodology

    • Project overview

    • Feasibility study

    • Population study

  • Other trade in services developments

    • Travel debits

    • BoP quality plan

  • Questions/feedback

Current methodology other services l.jpg
Current methodology - “other services”

  • Periodic benchmark census of “other services” transactors - 1989, 1992, 1999, 2005

  • Quarterly Survey of International Trade in Services and Royalties

  • + non-sampled estimate

  • Population maintenance

    • Business frame update survey - selected enterprises - in past 12 months, revenue/expenditure over $20,000 from overseas located enterprise(s) or individual(s), for services?

    • Enterprises identified through media reports, etc

    • => Annual update survey('births' survey)

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Objectives of “Other Services” project

  • Update census benchmark, undercoverage estimate.

  • Research “issues”.

  • Better meet needs of policy agencies.

  • Improve compliance with eg trade in services manual.

  • Update quarterly sample.

  • Investigate alternative means of collecting data that may reduce respondent burden, e.g. the use of administrative tax data.

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Feasibility study

  • Ministry of Foreign Affairs and Trade (MFAT) - need for W120 by modes of supply by country as per Trade in Services manual.

  • Concept testing (March-April 2004)

    • interview to probe respondents' record keeping systems - what data is available, how easy to supply in the forms specified in the Manual.

    • relatively easy to identify revenue (service exports) by country and type of service

    • some use zero rated GST returns to identify exports

    • less easy to categorise expenditure (service imports)

    • larger existing respondents compile data specifically for Statistics NZ.

    • W120 feasibility depended on what data stored in systems, load varies widely

    • much more difficult to identify value by modes of supply

  • Cognitive testing (May-June 2004)

    • test updated collection instrument

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Population study

  • Update population: use of (administrative) GST “zero rated sales” and other sources to identify possible ex/importers of services.

  • Examine relationship between zero rated GST returns and exports of services in the services survey.

  • Potential use of zero rated GST to:

    • update the quarterly survey population

    • replace/extend surveyed data in quarterly survey

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Zero rated GST supplies

  • Zero-rated supplies are certain taxable supplies that are taxed at the rate of 0% rather than at the standard rate.These include:

    • the sale of a "going concern”

    • exported goods

    • duty-free goods

    • goods not in New Zealand at the time of supply

    • temporary imports

    • transport of passengers and goods to and from New Zealand

    • certain exported services

    • the first sale by a refiner of pure gold, silver, or platinum to a dealer in fine metal for investment purposes

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Other developments - travel debits

  • Updating benchmark estimate to reflect current expenditure patterns NZ travellers

    • Survey of Returned Travellers September 2002 -June 2004 quarter

    • Expenditure by purpose (business, personal) by method of payment (credit card, other card, travellers cheque, cash, other) by country

    • Results for first year to be published soon

  • Quarterly estimation methodology using current expenditure information, including:

    • Survey of Debit Transactions = Overseas purchases and cash withdrawals by New Zealand residents, using New Zealand bank accounts

    • Survey of outward bound tour operators expenditure on prepaid overseas travel services by New Zealand residents from the survey of outward bound tour operators.

  • Updated travel debits series with March 2005 quarter BoP.

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Other developments - BoP quality plan

  • Discussion document to be released in May 2004 on

  • Prioritising BoP quality issues, unmet needs.

  • Outcome = agreed BoP development plan.

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  • Comments?

  • Questions?

  • Advice?