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ISSUES AND CHALLENGES IN ECONOMIC STATISTICS IN EECCA COUNTRIES

This presentation discusses the issues and challenges faced in economic statistics in EECCA countries, including national accounts, price statistics, and business statistics. It highlights the importance of high-quality national accounts based on statistical infrastructure, international standards, and specific calculation methods. The presentation also suggests areas for development in coverage of economic activities, bookkeeping standards, use of administrative data sources, and internationally comparable classifications. It further discusses methods for implementing the 2008 System of National Accounts (SNA), non-observed economy, independent GDP estimates, price indices, and short-term economic indicators.

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ISSUES AND CHALLENGES IN ECONOMIC STATISTICS IN EECCA COUNTRIES

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  1. ISSUES AND CHALLENGES IN ECONOMIC STATISTICS IN EECCA COUNTRIES Lidia Bratanova, Statistical Division, UNECE

  2. Content of the presentation • National Accounts; • Price Statistics: • Consumer Price Index • Producer Price Index • Business Statistics: • Statistical Business Registers • Short-term Statistics

  3. National Accounts High quality national accounts are based on : • The overall statistical infrastructure, existing standards, quality and availability of basic statistics; • Specific methods and techniques for calculation of the national accounts aggregates.

  4. National Accounts - prerequisites Development are needed in the following areas: • Coverage of economic activities: output and deflators for services (financial, non-market, processing) • Bookkeeping standards: full harmonization with international accounting standards • Cumulative data • Use of administrative data sources • Internationally comparable classifications: • ISIC/NACE • Institutional sectors classification • COFOG, COPNI

  5. National Accounts - methods • Implementation of the 2008 SNA • Development of national implementation plans • Priority should be given to changes affecting GDP measures • Translation of the 2008 SNA (http://unstats.un.org/unsd/nationalaccount/sna2008.pdf) in Russian; • Development of guidelines facilitating the implementation of the 2008 SNA

  6. National Accounts – methods • Non-observed economy • Independent GDP estimates • Allocation of FISIM • Constant price estimates • Quarterly National Accounts • Financial Accounts • Balance sheets (consumption of fixed capital, net measures, holding gains/losses)

  7. Price Indices Consumer Price Index (CPI) • Population and geographical coverage • Coverage: rented dwellings, owner occupied housing, health, own account production, IT products and services • Treatment of taxes and subsidies to get purchases prices; • Sampling: reducing sample sizes and response burden by optimizing sampling techniques; • Methodological issues: calculation methods, missing prices, seasonal products, quality changes • Dissemination: publication of long time series (of non-cumulative indexes)

  8. Price Indices Producer Price Index (PPI) • Coverage of establishments and commodities: optimized sampling to reduce response burden; • Recording of basic prices: adjustment for taxes and subsidies, transfer prices; • Methodological issues: adjustment for quality change; • Use of classifications not comparable with ISIC/NACE; • Dissemination: publication of long time series of non-cumulative indexes. Producer Price Index for Services Export and Import Price Indexes

  9. Price Indices - International Guidelines • Consumer Price Index Manual. Theory and Practice (2004) - available also in Russian www.ilo.org/cpi-manuals • Practical Guide to Producing Consumer Price Indices. A Supplementary Handbook to the CPI Manual(forthcoming) www.unece.org/stats/archive/02.07.e.htm • Producer Price Index Manual. Theory and Practice (2004) – translation into Russian underway www.imf.org/external/np/sta/tegppi/index.htm • Exports and Imports Price Index Manual (forthcoming) www.imf.org/external/np/sta/tegeipi/index.htm

  10. Business Statistics Statistical Business registers (SBRs) • Diversity of SBRs between countries: different legislation and institutional set-up, need of (sub)-regional harmonization • Statistics derived directly from the SBRs • Business demography • Implementation of revised ISIC/NACE classifications • Inclusion of multinational enterprises • Legal and administrative obstacles for the use of administrative data: need of improved data-sharing and confidentiality legislation

  11. Business Statistics Short-term Economic Indicators • Publication of long time series • Fixed based indices and discrete absolute values • Publication of revised historical series • Seasonal adjusted short-term statistics • Development of statistics on services • Sample sizes and response burden • Publication policy: methodological documentation for users, advance release calendars, revision policy for publication of historical data

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