1 / 8

Towards 2008 SNA: The South African experience

Towards 2008 SNA: The South African experience. Need to touch base on …. Joint responsibility Benchmark and rebasing cycle 08SNA Project plan Related matters. Joint responsibility. Stats SA – official statistics GDP production and income approaches Supply and Use tables

hawa
Download Presentation

Towards 2008 SNA: The South African experience

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. Towards 2008 SNA: The South African experience

  2. Need to touch base on … Joint responsibility Benchmark and rebasing cycle 08SNA Project plan Related matters

  3. Joint responsibility • Stats SA – official statistics • GDP production and income approaches • Supply and Use tables • Input-output tables • Social Accounting Matrices • Environmental-Economic Accounts, e.g. Minerals, Energy, Water, Fisheries • Satellite Accounts, e.g. Tourism, ICT, NPI • South African Reserve Bank • GDP expenditure approach • Institutional Sector Accounts • Balance of Payments • Financial Sector • South African Revenue Service • Merchandise trade statistics • Department of Agriculture, Forestry and Fisheries • Quarterly data on Agriculture

  4. Benchmark and rebasing cycle • Why? • Keep relative weights current (5 year cycle) • Incorporate infrequent datasets • Introduce new classifications or methodological changes • June 1999 • 93SNA introduced • Base 1995 • Nov 2004 • Taxation based register for source statistics • Introduce sub-national estimates • Develop base year in supply and use framework • Base 2000 • Nov 2009 • Refine 93SNA e.g. Non-observed economy • Consolidate approach of annual SUT • Double deflation • CPC v.2 • Base 2005

  5. 08 SNA project plan (1) • Embedded in organisational strategy • Stats SA forward work program (Minister, Council, Parliament) • Economic statistics strategy • Divisional operation plans • Individual performance agreements • Implications of 08SNA • Discussion document • 6 of 37 recommendations impact on GDP • Refined FISM calculation • Capitalisation of military expenditure • Stock options as compensation of employees • Capitalisation of R&D • Valuation of output for own final use to include return to capital • Changes in recording of pension entitlements • Amendments to basic surveys e.g. new/rephrased questions

  6. 08 SNA project plan (2) • Project team • Stats SA and SARB • Quarterly high-level meetings • Technical as required • Involve DAFF and SARS more frequently in t-12months • Detailed timelines • Revision policy • Agreement on timelines • Finalise structures of SUT base year: Dec ’13 • Finalise 2010 base year: Mar ’14 • Preliminary nominal 2006-2011: Apr ’14 • Preliminary real estimates 2006-2011: May ’14 • Final annual estimates 2006-2011: June ’14 • Final quarterly estimates 2006-2011: Aug ’14 • Preliminary annual 2012-2013: Sept ’14 • Final annual and quarters 2012-2013: 15 Oct ’14 • 3 quarters of 2014: 18 Nov ’14 • Publish: 25 Nov ‘14

  7. Related matters • User involvement • Minister • Statistics Council • Key users seminar • Opinion pieces, web articles • Other international standards • Balance of Payments Manual 6 • ISIC Rev 4 • Local version (SIC 7 completed) • Dual coded register (census of business?) Unfunded • Parallel surveys • Revised national accounts (benchmark 2019?) • Comparability of statistics • ICP (periodic Global vs annual African) • BRICS • OECD and major trading partners • SDDS requirements

  8. Thank you • Joe de Beer • Deputy Director-General: Economic Statistics • Statistics South Africa • joedb@statssa.gov.za • +27 (12) 3108024

More Related