Results of the AEG e-Consultation on Measurement of Database in National Accounts UN STATISTICS DIVISION Economic Statistics BranchNational Accounts SectionUN.

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Presentation transcript:

Results of the AEG e-Consultation on Measurement of Database in National Accounts UN STATISTICS DIVISION Economic Statistics BranchNational Accounts SectionUN STATISTICS DIVISION Economic Statistics BranchNational Accounts Section

Measurement of Database in National Accounts Canberra II Group made following recommendations to the AEG for its consideration:  Value of the database reflects the value of DBMS, plus the cost of converting data from one medium/format to the medium/format required for access by DBMS. The value of database does not include the value of information  All databases holding data with a useful life of more than one year are fixed asset  No maintenance entailed with database  Own account database capital formation = No. of employees * average remuneration * time spent in developing database + other intermediate costs, excluding the value of the software supporting the database.

Measurement of Database in National Accounts No QuestionYesNo 1Do you agree that all databases holding data with a useful life of more than one year are a fixed asset? 16- 2Do you agree that the valuation of a database should be that of Definition 2, but exclude the value of the DBMS, which should continue to be recorded as a software asset? 161 3Do you agree there is no maintenance entailed with databases and that all set-up and updating costs should be recorded as capital formation? 151 4Do you agree with recommended method for deriving estimates of own account database capital formation? 151

Measurement of Database in National Accounts Conclusions of the e-consultation: Value of the database should only include the costs of developing the database excluding the value of the software used for converting information from one media/format onto the electronic media Databases holding data with a useful life of more than one year are fixed assets. No maintenance entailed with databases and that all set-up and updating costs should be recorded as capital formation Labour input method proposed for deriving macro- based estimates of own-account production of databases

Thank You