national accounts in the calculation of ppps
Skip this Video
Download Presentation
National Accounts in the Calculation of PPPs

Loading in 2 Seconds...

play fullscreen
1 / 16

National Accounts in the Calculation of PPPs - PowerPoint PPT Presentation

  • Uploaded on

National Accounts in the Calculation of PPPs ADB Manila, May 2006 Role of national accounts experts ICP 2005 is a joint project involving both price statisticians and national accountants. National accounts: Provide the expenditure weights

I am the owner, or an agent authorized to act on behalf of the owner, of the copyrighted work described.
Download Presentation

PowerPoint Slideshow about 'National Accounts in the Calculation of PPPs' - albert

An Image/Link below is provided (as is) to download presentation

Download Policy: Content on the Website is provided to you AS IS for your information and personal use and may not be sold / licensed / shared on other websites without getting consent from its author.While downloading, if for some reason you are not able to download a presentation, the publisher may have deleted the file from their server.

- - - - - - - - - - - - - - - - - - - - - - - - - - E N D - - - - - - - - - - - - - - - - - - - - - - - - - -
Presentation Transcript
role of national accounts experts
Role of national accounts experts
  • ICP 2005 is a joint project involving both price statisticians and national accountants.
  • National accounts:
    • Provide the expenditure weights
    • Total and per capita expenditure aggregates converted using PPPs are the most important output of the programme
1993 system of national accounts
1993 System of National Accounts
  • ICP 2005 will be based on the 1993 SNA, but some approximations are inevitable. For example:
    • Non-profit institutions not distinguished
    • No estimates for valuables, patented entities...
    • No work in progress for agriculture
    • FISIM not allocated to users
    • No estimates for illegal activities
key requirements 1
Key requirements (1)
  • GDP must cover:
  • crops and livestock for own consumption
  • informal / underground activities:
    • open markets and street traders;
    • food and drinks sold by itinerant vendors;
    • plumbers, builders, electricians;
    • taxis, vehicle repairs;
    • health and personal services…
key requirements 2
Key requirements (2)
  • All government expenditure:
    • defence, townships, heads of state...
  • Software and mineral exploration (as capital formation) if significant
  • Significant NPISHs
    • religious, international
  • Imputed rents of owner-occupiers
    • modern and traditional
measuring imputed rents
Measuring imputed rents
  • Use rents actually paid for similar kinds of dwellings, in similar locations and with similar facilities
  • User cost method, rents are valued at cost - consumption of fixed capital, return on capital, regular maintenance, and insurance
  • Owners estimate of rental values
the expenditure classification
The Expenditure Classification
  • The Expenditure Classification for the ICP 2004 is based on four international classifications:
    • COICOP for household expenditure
    • COPNI for NPISH
    • COFOG for government
    • CPA/CPC for gross fixed capital formation
why do we need 155 basic headings
Why do we need 155 Basic Headings?
  • Basic headings must cover a similar group of products
  • The price relatives between countries (price in one country divided by the price in another country) must be similar
  • Compromise between theory and practice
role of basic headings
Role of Basic Headings
  • Most detailed level for which weights are available
  • They are the starting point for participating countries to draw up regional lists of the specific goods and services for which they agree to collect prices.
  • The Basic Headings will be used as the framework for editing the reported prices
  • PPPs are calculated for the Basic Headings before aggregating them to higher levels for publication
data sources for household expenditures
Data sources for household expenditures
  • Household budget/expenditure surveys
  • Retail trade statistics
  • Production statistics - agriculture and industry
  • Import and export statistics
  • VAT or sales tax statistics
  • Information on sales of tobacco and alcohol
  • Motor vehicle registrations
  • Sales by utility companies and state monopolies
  • FAO data base on food balances
  • Nutrition surveys
  • Supply and use tables