1 / 24

GROSS CAPITAL FORMATION

GROSS CAPITAL FORMATION. Prepared by : National Accounts Statistics Division, Department of Statistics, Malaysia 26 th April 2011. DEPARTMENT OF STATISTICS, MALAYSIA. OUTLINE. INTRODUCTION GROSS CAPITAL FORMATION ( GCF) GFCF – TYPES OF ASSET (SNA 1993) COMPONENT OF GFCF ESTIMATE

danton
Download Presentation

GROSS CAPITAL FORMATION

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. Content is provided to you AS IS for your information and personal use only. Download presentation by click this link. While downloading, if for some reason you are not able to download a presentation, the publisher may have deleted the file from their server. During download, if you can't get a presentation, the file might be deleted by the publisher.

E N D

Presentation Transcript

  1. GROSS CAPITAL FORMATION Prepared by : National Accounts Statistics Division, Department of Statistics, Malaysia 26th April 2011 DEPARTMENT OF STATISTICS, MALAYSIA

  2. OUTLINE • INTRODUCTION • GROSS CAPITAL FORMATION (GCF) • GFCF – TYPES OF ASSET (SNA 1993) • COMPONENT OF GFCF ESTIMATE • GFCF - DATA SOURCE (ANNUAL/QUARTERLY) • PUBLIC vs PRIVATE GFCF • CHANGE IN INVENTORIES • DATA SOURCE

  3. DEPARTMENT OF STATISTICS, MALAYSIA

  4. ORGANISATION DEPARTMENT OF STATISTICS, MALAYSIA

  5. MALAYSIA

  6. NATIONAL ACCOUNTS DIVISION

  7. GROSS CAPITAL FORMATION • 1993 SNA • is measured by the total value of • Gross Fixed Capital Formation • Changes in inventories • + • Acquisitions less disposal of valuables for a unit or sector

  8. CONCEPT & DEFINITION

  9. GROSS FIXED CAPITAL FORMATION: WHAT ARE THEY? SCOPE • They include: • New capital goods • Existing capital goods • Major improvements to existing capital goods • Cost of ownership transfer

  10. Component of GFCF by types of asset • GFCF can be divided into; • Structure (dwellings, other buildings, structures) • Machinery and equipment • Transport equipment • Mineral exploration • Others (cultivated assets) 10

  11. ESTIMATES OF GFCF ARE DIVIDED INTO FIVE PARTS: •  Structure – Construction activity • Major capital item – eg imported ships, aircrafts & equipment (NET) • Capital expenditure on oil exploration •  Selected imports goods that representing all other imported capital goods •  Selected commodities representing all domestically produced commodities

  12. Monthly Manufacturing • Survey • Monthly Trade Statistics • Quarterly Services Survey • Bank Negara Malaysia’s • Oil & Gas Survey • Quarterly Construction • Survey • Survey on Quarterly • NFPE’s CAPEX • Federal Government • Accounts DATA SOURCES QUARTERLY ANNUAL GROSS FIXED CAPITAL FORMATION • I-O Table 2000 • Quarterly Services Survey • Bank Negara Malaysia’s • Oil & Gas Survey • Annual/Biennial Survey & • Census • Financial Accounts of • Federal Gov., States Gov., • Local Authorities & • Statutory Bodies • Annual National Account • Survey on NFPE’s CAPEX

  13. PUBLIC vs PRIVATE GFCF • The enterprises where the government owns at least 51% equity will be categorised as Public Corporations (PCs) which are then included as public investment.  • Those with government equity less than 51% are categorised as private entities. • Similarly, the enterprises which are owned by states government are also categorized under Public Corporations.

  14. DEFLATORS TO OBTAIN CONSTANT PRICE ESTIMATES: • Producer Price Index ( Local Producer and Import Producer) • Internationally available price relative ( for major transport items)

  15. INDICATORS: • Imports of Capital Goods – Trade Statistics • Loans Disbursed to Businesses – www.bnm.gov.my • Sales of Commercial Vehicles ( No. of vehicles registration by company from RTD) • Development Expenditure (DE) - Federal Gov

  16. GROSS FIXED CAPITAL FORMATION PUBLIC By Economic Activity Federal States G F C F Government Statutory Bodies LocalAuthorities By Type of Asset By Sector Military equip. Public Corporation Non-financial Financial Structure PRIVATE By Economic Activity Machinery Non-financial Transport Equipment Private Corporation Financial Oil exploration Household Structure NPISHs

  17. CHANGES IN INVENTORIES INDICATORS : • Economic surveys (by DOSM). Note: inventories are usually concentrated in agriculture, mining, manufacturing, distributive trade. • Quantity data on inventories of particular products (volume).

  18. CHANGES IN INVENTORIES INDICATORS : • Prices • PPI components • Palm oil price (Malaysia Palm Oil Board) • Average prices for particular products

  19. CHANGES IN INVENTORIES • NOTE : • DEFLATE OPENING AND CLOSING VALUES, NOT THE CHANGE! • DERIVE CONSTANT FROM CURRENT PRICES – DEFLATOR

  20. Monthly Manufacturing Survey • Distributive Trade Survey • Census of Rubber Estates/Smallholders • Relevant Agencies DATA SOURCES QUARTERLY ANNUAL CHANGES IN INVENTORIES • Annual Manufacturing Survey • Annual Census of Rubber Estates • Wholesale and Retail Trade Survey • MPOB (Stock of CPO) • Petroleum

  21. Expenditure on Gross Domestic Product by Type of Expenditure at Constant 2000 Prices – Percentage Share of GDP

  22. THANK YOU

More Related