Basic Headings

1. Basic Headings • Operational Material

2. Outline • Topics to be covered • A Stacking of International Classifications • Criticality of Basic Headings • Summary of Classification levels • Basic Heading Sources • Operational Categories of Basic Headings • GDP Splitting Approaches by Basic Heading

3. Outline • A Stacking of International Classifications • Criticality of Basic Headings • Summary of Classification levels • Basic Heading Sources • Operational Categories of Basic Headings • GDP Splitting Approaches by Basic Heading

4. A Stacking of International Classifications INDIVIDUAL CONSUMPTION EXPENDITURE BY HOUSEHOLDS COICOP Classification of Individual Consumption According to Purpose 1 INDIVIDUAL CONSUMPTION EXPENDITURE BY NPISHS COPNI Classification of Purposes of NPIs Serving Households 2 INDIVIDUAL / COLLECTIVE CONSUMPTION EXPENDITURE BY GOVERNMENT COFOG Classification of Functions of Government 3 GROSS FIXED CAPITAL FORMATION CPA Classification of Products by Activity 4

5. Criticality of Basic Headings A pivotal concept used in the ICP. Lowest level at which expenditure data is available Important from the perspective of aggregation of price data

6. Categories Groups Classes Basic Headings Summary of Classification levels Main Aggr. Gross Domestic Product 7 26 61 126 155 1 13 43 90 110 Individual consumption expenditure by households Individual consumption expenditure by NPISHs 1 1 1 1 1 Individual consumption expenditure by government 1 5 7 16 21 1 1 1 5 5 Collective consumption expenditure by government Gross fixed capital formation 1 3 6 11 12 Changes in inventories & net acquisitions of valuables 1 2 2 2 4 Balance of exports and imports 1 1 1 1 2

7. Basic Heading Sources Number of sources Gross Domestic Product 25 9 Household Expenditure Surveys Individual consumption expenditure by households Individual consumption expenditure by NPISHs 1 Special surveys Individual consumption expenditure by government 7 Government Finance Statistics Household Expenditure Surveys 1 Government Finance Statistics Collective consumption expenditure by government Gross fixed capital formation 6 General economic surveys Imports Statistics Changes in inventories & net acquisitions of valuables 4 General economic surveys Balance of exports and imports 3 Balance of payments

8. Operational Categories of Basic Headings Consistency Importance Difficulty ICP Methods Production Process Reference PPPs Negative Values Gross Domestic Product 120 112 45 22 15 35 7 9 Individual consumption expenditure by households 97 86 1 13 1 1 Individual consumption expenditure by NPISHs 1 13 Individual consumption expenditure by government 10 17 7 10 2 5 Collective consumption expenditure by government 1 3 1 5 1 Gross fixed capital formation 12 11 12 4 Changes in inventories & net acquisitions of valuables 2 2 Balance of exports and imports 1 1

9. GDP Splitting Approaches by Basic Heading Latest Year 2011 Direct Extrapolation Expert Opinion Extrapolation Direct Individual consumption expenditure by households Individual consumption expenditure by NPISHs Individual consumption expenditure by government Collective consumption expenditure by government Gross fixed capital formation Changes in inventories & net acquisitions of valuables Balance of exports and imports

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