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Roadmap for the Implementation of 2008 SNA in Korea

Roadmap for the Implementation of 2008 SNA in Korea. OECD Working Party on National Accounts 1 ~ 3 December 2010, Paris, France. Min Woo KIM National Income Statistics & Coordination Team National Accounts Office Economic Statistics Department The Bank of Korea. Where Are We Now.

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Roadmap for the Implementation of 2008 SNA in Korea

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  1. Roadmap for the Implementation of 2008 SNA in Korea OECD Working Party on National Accounts 1 ~ 3 December 2010, Paris, France Min Woo KIM National Income Statistics & Coordination Team National Accounts Office Economic Statistics Department The Bank of Korea

  2. Where Are We Now

  3. Review: 1993 SNA Recommendation(1)

  4. Review: 1993 SNA Recommendation(2)

  5. Review: 1993 SNA Recommendation(3)

  6. Review: 1993 SNA Recommendation(4)

  7. IMF Data Quality Assessment Framework

  8. Setting Roadmap for the Implementation of 2008 SNA • Translation of 2008 SNA Manual(Done) • Rearrangement of internal organization • Priority setup: Main changes for Korean economy • Seminars and workshops • Research, test compilation, and comparison • Backcasting

  9. Governance Structure of Implementation at the Bank of Korea * To-be organization set up in 2011

  10. Time Table of Implementation Programme Compilation based on 2008 SNA and Publication Setting up Organization, Budget, and Priority International Seminar on 2008 SNA Research & Test Compilation Translation of Manual Backcasting

  11. Main Changes of 2008 SNA for Korean Economy • Research and developments • Military expenditures • Entertainment, literary or artistic originals • Consumption of fixed capital • Financial intermediary services indirectly measured(FISIM) • Goods for processing and merchanting • Financial services and other issues

  12. Timing and Sequencing of Major Changes 2010 2011 2012 2013 2014 Research Test compilation implementing R&D Backcasting SNA 2008 Research Test compilation Military Backcasting Research Test compilation Originals Backcasting Research Test compilation FISIM Backcasting Research Test compilation Int. trade Backcasting

  13. Dissemination of Statistics and Metadata to Users • Research papers on the changes from 1993 SNA to 2008 SNA prior to application • Publication of 『Korean System of National Accounts 2014』 and 『Comparison Table』 • Open lectures and seminars with policymakers, academia, journals, and the general public • Simultaneous compilation of National Accounts based on 1993 and 2008 SNA, if needed • Implementation assessment with the international organizations

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