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NATIONAL ACCOUNTS OF PAKISTAN by Syed Raisul Hasan Chief S.O.

NATIONAL ACCOUNTS OF PAKISTAN by Syed Raisul Hasan Chief S.O. National Accounts Statistics. The system of National Accounts Consists of coherent, consistent and integrated set of macroeconomic accounts based on internationally agreed concepts, definitions, classifications & accounting rules

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NATIONAL ACCOUNTS OF PAKISTAN by Syed Raisul Hasan Chief S.O.

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  1. NATIONAL ACCOUNTS OF PAKISTANbySyed Raisul HasanChief S.O.

  2. National Accounts Statistics The system of National Accounts • Consists of coherent, consistent and integrated set of macroeconomic accounts based on internationally agreed concepts, definitions, classifications & accounting rules • Provides a comprehensive accounting framework within which economic data is compiled for economic analysis, decision making and policy options

  3. NATIONAL ACCOUNTS FRAMEWORK • Regular Activities • GDP/GNP (FC) by industrial origin • Expenditure on GNP (MP) • GDP implicit deflator – a measure of inflation • Estimates of GFCF (MP) by industrial origin for private & public and general government • Composition of general government current consumption expenditure • Other Activities • Input-Output Tables

  4. ESTIMATION OF GDP/GNP • GDP(FC): Gross Domestic Product (GDP) is the market value of all final goods and services produced at factor cost (FC) in the economy during a particular period • GDP (MP) = GDP (FC) + Net Indirect Taxes • GNP (FC) = GDP (FC) + Net Factor Income (NFI) from abroad. • GNP (MP) = GNP (FC) + NetIndirect Taxes

  5. ESTIMATION APPROACHES i)     Production Approach ii)    Income /Cost Approach iii)   Expenditure Approach

  6. GROSS FIXED CAPITAL FORMATION (GFCF)

  7. CROPS 1

  8. LIVESTOCK 1

  9. FISHING 1

  10. FORESTRY 1

  11. MINING & QUARRYING 1

  12. LARGE-SCALE MANUFACTURING 1

  13. SMALL-SCALE MANUFACTURING 1

  14. CONSTRUCTION 1

  15. ELECTRICITY, GAS DISTRIBUTION & WATER SUPPLY 1

  16. TRANSPORT, STORAGE & COMMUNICATION 1

  17. FINANCE & INSURANCE 1

  18. WHOLESALE & RETAIL TRADE 1

  19. OWNERSHIP OF DWELLINGS 1

  20. PUBLIC ADMN. & DEFENCE 1

  21. COMMUNITY, SOOCIAL & PRIVATE SERVICES 1

  22. MAIN WEAKNESSES Poor Response Extrapolations and Estimations Adoption of SNA 1993

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