NESDB THAILAND International workshop on measuring GDP by final demand approach April 2011, Shenzhen, China

Outlines OverviewDefinition & coverageMethod & adjustmentsClassification & data sources 2

The System of National Accounts of Thailand The components of GDP on expenditure approach GDP = C + I + G + (X-M) Overview 3

Balance sheet of National Income at current prices STRUCTURE (%) p Private Consumption Expenditure General Government Consumption Expenditure Gross Fixed Capital Formation Change in Inventories Plus : Exports of Goods and Services Exports of Goods Exports of Services Less : Imports of Goods and Services Imports of Goods Imports of Services Expenditure on Gross Domestic Product Plus : Statistical Discrepancy Gross Domestic Product, (GDP)

Definition: Transactions involving movements of goods and services out off or into the country over a specific time period Definition & coverage 5

Net export (NX) Export Goods at f.o.b. Services receipts Import Goods at c.i.f. Services payments Net export (NX) = Export (X) – Import (M) Definition & coverage 6

 Export and import of goods and services from Balance of Payments: Goods and services account  Goods : all categories of goods pass through customs formalities and data adjustment for Balance of Payments basis Value of export of goods at f.o.b. Value of import of goods at c.i.f. 7 Definition & coverage

 Services Export of services = Services receipts Import of services = Services payments Services include: o Transportation o Travel o Government services n.i.e. o Other services e.g. communication services, construction services, royalties and license fees, insurances services, etc. 8 Definition & coverage

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 SNA : use the same figures as in current account statistics 10 Method & some adjustments Customs Dep. Figures Adjusted for Balance of Payments

 BOP adjustment made to the Customs data include: Exclusion e.g. goods under diplomatic privilege, rented items, sample goods, personal belongings and used furniture Inclusion e.g. satellite, some military goods, electricity from neighboring countries Other adjustments such as time of recording and exchange rate 11 Method & some adjustments

 SNA adjustment made to import of services: Deduction of compensation of employees from services payments (other services)  Estimation of import and export of goods and services at constant prices in SNA 12 Method & Some adjustments

Classification HS vs CPC, ISIC, COICOP Sources of data Bank of Thailand, Customs Department, Ministry of Commerce 13 Classification and data sources

THANK YOU 14