Constant-Price Estimation of National Accounts - at National and Regional Levels

1. Constant-Price Estimation of National Accounts - at National and Regional Levels SCOPE AND COVERAGE UN-ESCWA 22 – 25 September 2007 Cairo, Egypt

2. Background (1) ESCWA received a request for practice-oriented training from COSIT on six topics viz. • Methods of Compiling and Updating Input-Output Transaction Tables • Capital and Financial Accounts of General Government and Financial Corporation Sectors • Supply and Use Tables – compilation methods and methods of estimating missing data • Social Accounting Matrix (SAM) – Compilation Methods and Data Requirement • National Accounts Indicators at constant prices • National Accounts Indicators – its evaluation, use for projection and regional level accounting

3. Background (2) • Giving priority to topics relating to NAS compiled at present, the workshop is designed to cover the last two. • While conducting the workshop, we would like to learn from you about the status of compilation of • Input-Output Transaction / Supply-Use Table, • Capital account and financial account for the financial corporation and general Government.

4. Objectives • Reviewing and improving methods of compiling NAS at constant prices following an integrated approach. • Identifying the best feasible methods of estimating NAS aggregates at constant prices, with the data available at present. • Identifying the data required to adopt the theoretically sound methods for estimating NAS aggregates at constant prices • Providing a framework for compiling production-side aggregates at the regional level.

5. Scope (1) • Compiling Constant-price Estimates at the national level • Production-side aggregates – Output, Intermediate Consumption and Value added • Expenditure Aggregates - Final consumption expenditure of households, Government and NPISHs, Gross fixed capital formation, Change in stock • Income-side aggregates – GNI and Disposable Income. • Compiling Regional level production-side aggregates • Methods of ensuring completeness and consistency of supply-side and use-side estimates

6. Scope (2) This workshop is not designed to address the problems relating to • Estimation of aggregates at current-prices – but aims to identify methods for compiling constant-price estimates consistent with current-price estimates. • Compilation of IOTT or SUT – but would refer to their uses for compiling constant-price estimates. • Estimation of expenditure- and income-side aggregates at the regional level.

7. Modules of the Workshop • Identifying the Elementary Level of Aggregation used for compilation of GDP in Iraq • Theoretical framework of estimating NA aggregates at constant prices • Reviewing present methods followed by exploring for improved methods and applying them in practice • Identifying the best sources and methods for estimating production-side aggregates at the regional (Governorate) level and applying them for compiling the estimates for one Governorate • Methods of Balancing Constant Price Estimates of Production- and Use-side Aggregates

8. Expected Outcomes • Materials for compiling guidelines for Estimation of NA Aggregates at Constant Prices • Participants becoming capable of compiling constant-price estimates of NA aggregates • Participants developing an understanding of use of various volume and price indices for compilation of NA • Identification of sources and methods for compilation of Regional Domestic Product • Participants developing an understanding of methods of balancing Production- and Use-side Aggregates

9. ﺸﻛﺮﺍ