Exports and Imports in the Philippine System of National Accounts (PSNA)

1. Exports and Imports in the Philippine System of National Accounts (PSNA) Presented by Mark Rex S. Romaraog Statistical Coordination Officer IV National Statistical Coordination Board International Workshop on Measuring GDP by Final Demand Approach 25-27 April 2011, Shenzhen, China

2. Outline of the Presentation I. Introduction II. Exports and Imports in the PSNA A. Scope and Coverage B. Sources of Basic Data C. Estimation Methodology D. Some Statistics 2

3. I. Introduction 1. About the Philippine Statistical System (PSS) • The PSS is a decentralized statistical system • Many government agencies generate statistics • National Statistics Office • Bureau of Agricultural Statistics • Bureau of Labor & Employment Statistics • Central Bank of the Philippines • Other government agencies • Need for a coordinating agency – the National Statistical Coordination Board

4. I. Introduction 1. About the Philippine Statistical System (PSS) Executive Order (EO) 121 – January 30, 1987 Reorganizing the Philippine Statistical System and for Other Purposes • Created the National Statistical Coordination Board (NSCB) as the highest policy-making and coordinating body on statistical matters in the country

5. I. Introduction 2. About the Philippine National Statistical Coordination Board (NSCB) Our Services • Coordination services • Inter-agency concerns • Survey review system • Designation of statistics • Subnational statistical system (10 out of 17 regions have regional offices) • Online statistical service - http://www.nscb.gov.ph • National Statistical Information Center – a one-stop shop of statistical information in the Philippine Statistical System

6. I. Introduction 2. About the Philippine National Statistical Coordination Board (NSCB) Some of Our Products • Statistical Policies • Official Poverty Statistics • Poverty Threshold • Poverty Incidence • Environmental Accounts • Philippine Statistical Yearbook, Regional Social and Economic Trends, Countryside in Figures • National Accounts of the Philippines • GDP, GNP, Income and Outlay Accounts, Regional Accts, Input-Outputs Tables, Satellite Accounts

7. I. Introduction 3. Compiling the PSNA • The compilation of the PSNA is a mandate under EO 121 (Reorganizing and Strengthening of the Philippine Statistical System (PSS) and for other purposes) and is a designated activity under EO 352 (Designation of Statistical Activities that will Generate Critical Data for Decision-Making of the Government and Private Sector) as one of the functions of the National Statistical Coordination Board (NSCB).

8. I. Introduction 3. Compiling the PSNA Measurement of GDP • Three approaches in GDP Measurement • 1. Income Approach, GDP (I) • 2. Production Approach, GDP (P) • 3. Expenditure Approach, GDP (E) Currently GDP is 1985-based and a new base year (2000) will be released in May 2011

9. I. Introduction 3. Compiling the PSNA

10. II. Exports and Imports in the PSNA

11. II. Exports and Imports in the PSNA Scope and Coverage • Exports and imports of goods and services consist mainly of transactions between the residents of a given country and the rest of the world • These transactions are categorized into: 1. Goods 2. Services

12. II. Exports and Imports in the PSNA Scope and Coverage 1. Goods

13. II. Exports and Imports in the PSNA Scope and Coverage 2. Services

14. II. Exports and Imports in the PSNA Sources of Basic Data

15. NSO IMPORTS FTS EXPORTS Cost, Insurance & Freight (CIF) In USD Free on Board (FOB) In USD Midpoint Peso-Dollar Exchange Rate Cost, Insurance & Freight (CIF) In Php Free on Board (FOB) In Php II. Exports and Imports in the PSNA Estimation Methodology 1. Goods At Current Prices FTS are adjusted for national accounts purposes by deducting (i) replacements and goods returned to the country when exported/imported (ii) articles temporarily exported/imported, and (iii) replacements and goods returned to the country when imported/exported Monetization of Gold is estimated using BOP data from the BSP

16. II. Exports and Imports in the PSNA Estimation Methodology 1. Goods At Constant Prices

17. BSP BOP IMPORTS EXPORTS Imports Service Item In USD Exports Service Item In USD Midpoint Peso-Dollar Exchange Rate Imports Service Item In Php Exports Service Item In Php II. Exports and Imports in the PSNA Estimation Methodology 1. Services At Current Prices Exports of Travel Services are estimated using the data on tourist receipts from the Department of Tourism (DOT) Imports of Travel Services are derived from constant using the data on Travel Tax Payment from the Philippine Tourism Authority (PTA)

18. II. Exports and Imports in the PSNA Estimation Methodology 1. Services At Constant Prices

19. II. Exports and Imports in the PSNA Some Statistics

20. II. Exports and Imports in the PSNA Some Statistics

21. II. Exports and Imports in the PSNA Some Statistics

22. II. Exports and Imports in the PSNA Some Statistics

23. REFERENCES • NSCB, Philippines, Manual on the Philippine System of National Accounts: Framework, Sources and Methods • NSCB, Philippines, various National Accounts presentations • NSCB Websites • NSCB, Philippines, National Accounts Publication 23

24. Maraming Salamat po! URL: http://www.nscb.gov.ph e-mail: info@nscb.gov.ph