1 TIMING OF THE INTRODUCTION OF 1993 SNA REV. 1 NON-EU OECD MEMBER COUNTRIES Charles Aspden Working Party on National Accounts, October 2007

2 Implementation of 1993 SNA rev.1 OECD (as of October 2006) CountryIntentions Australia2009 for most, if not all, changes Canada2010 for all changes US2012/13 for most (outstanding) changes Korea2014? Japan2015? New Zealand no schedule yet, but all changes at once Mexicono schedule yet, but introduced piecemeal Switzerland, Iceland and Norway same as EU Turkey?

3 Implementation of 1993 SNA rev.1 Summary Australia, Canada and US have quite firm plans to introduce the update SNA quite rapidly. All three intend to adopt at least all the major proposed changes, including –Employers’ pension schemes (2), –R&D (9), –Government and non-market producers – cost of capital (16), –Military expenditures (19). Australia and Canada more or less all at once US staggered introduction

4 Implementation of 1993 SNA rev.1 Summary Australia has since published an information paper (Introduction of revised international standards in ABS economic standards Cat No ) describing its intentions. Japan and Korea have tentative plans to synchronise their adoptions of the updated SNA and SICs in 2015 and 2014, respectively. NZ and Mexico have no firm plans

5 Implementation of 1993 SNA rev.1 Summary Clear that OECD countries will adopt the updated SNA at different times, and for most countries no firm date has been set. However, it seems that there is a reasonable probability that most OECD countries will have made the switch by Countries with no plans to make the switch by 2014 are asked to consider their position.