Gross Domestic Product Developments GDP Team: Richard Morrison John Dowens David Jack SNAP Team: Andrew Mortimer.

Slides:

Advertisements

Similar presentations

BEA’s KLEMS Statistics: Measuring Outputs and Intermediate Inputs

Advertisements

BEAs Industry Accounts: Improved Measures of Outputs, Inputs, and Value Added Erich H. Strassner World KLEMS Conference Harvard University.

Regional Seminar on Developing a Programme for the Implementation of the 2008 SNA and Supporting Statistics January 30-February 1, 2013 Kingston, Jamaica.

Experimental Quarterly Supply & Use framework for Scotland Andrew Mortimer SNAP team.

Scottish Input-Output Tables

Outline Major programmes for collecting industrial statistics Decennial Census of Industries Annual survey of industries Survey of construction industries.

Benchmarking quarterly GDP to other official statistics. Andrew Mortimer Short-term Economic Indicators Branch.

PRIME MINISTRY REPUBLIC OF TURKEY TURKISH STATISTICAL INSTITUTE TurkStat NATIONAL ACCOUNTS IN TURKEY 1 TurkStat.

Financial Intermediation Review Richard Morrison David Jack Sandy Stewart Euan Smith.

Regional Workshop for African Countries on Compilation of Basic Economic Statistics Addis Ababa, October 2007 The Role of an Economic Census in Zambia.

National Accounts Plans for Mairi Spowage.

WORKING PARTY ON NATIONAL ACCOUNTS Paris, 3-5 October 2007 Revisions in Quarterly GDP of OECD Countries: An Update Document STD/CSTAT/WPNA(2007)15 Richard.

Data Analysis in the Water Industry: A Good-Practice Guide with application to SW Deborah Gee, Efthalia Anagnostou Water Statistics User Group - Scottish.

Producing economic statistics and advice for Scotland Highland Economic Forum October 2009 Sandy Stewart Senior Statistician Scottish Government Office.

The Status of EAA in China and Its Reform Ideas Mingmei Zhang, NBS, No.57, Yuetan Nanjie, Shanlihe, Beijing , P.R. China

Lecture 3. GDP by Production Approach 1. 2 Human R Produced fixed R Natural R Financial R Good & Services from Production COMP CFC OS T-S OUTPUT goods.

Measuring U.S. Industrial Production During a Downturn in Economic Activity Prepared for the: OECD Short-term Economic Statistics Expert Group September.

Georgian Quarterly National Accounts and time-series of Short Term Statistics indicators Levan Gogoberishvili Head of National Accounts Division, Geostat.

1 NATIONAL STATISTICAL COORDINATION BOARD International Workshop on Energy Statistics, Beijing, China, September 2012 Vivian R. Ilarina, Philippines.

WORLD TOURISM ORGANIZATION (UNWTO) Software for Measuring Accommodation Services SESRIC-UNWTO Workshop on Tourism Statistics and the Elaboration of a Tourism.

Distributive trade statistics in Egypt. The Methodology of statisticThe Methodology of statistic Distribution trade statistics is considered one of.

1 COMMENTS ON THE PAPER “China’s Measure in Real Term for Education” Ramesh Kolli Additional Director General Ministry of Statistics & Programme Implementation.

The Statistical Business Register of Macao SAR Government of Macao SAR Statistics and Census Service.

Recent Developments of the OECD Business Tendency and Consumer Opinion Surveys Portal coi/coordination

Understanding economic statistics Session 1: GDP and related information Andrew Mortimer Scottish National Accounts Project (SNAP)

SNAP Sandy Stewart. SNAP - Overview Introduction and background comments Strands of Project Components of Project Experimental nature of project – use.

Expanding Business Employment Dynamics Industry and Survival 18 th International Roundtable on Business Survey Frames Beijing, China 10/22/04 Richard L.

Productivity Statistics User Group Proposed changes to Labour Productivity Statistics Mark Franklin John Allen 28 January 2014.

2008 and Beyond Carol Moylan Chief, National Income and Wealth Division National Economic Accounts Data Users’ Conference Washington, DC April 13, 2007.

GDP Timescales Flash Estimates Richard Morrison GDP Branch Short Term Economic Indicators.

Inflation Report November Output and supply.

Australian National Accounts State Accounts States of Australia.

Producing Economic Statistics for Scotland Sandy Stewart Senior Statistician Office of the Chief Economic Adviser 4 October 2007.

Abcdefghijkl The Atkinson Review in Scotland - progress to date. Sandy Stewart Office of Chief Economic Adviser 22 August 2007.

ScotStat and User Engagement Sandy Stewart Senior Statistician Secretary – ScotStat Board.

Index of Manufactured Exports Methodology Review 2012 Ratio Estimation methodology update Chainlinking and benchmarking to GCS / I-O (and SNAP) SIC 2007.

 Statistical Center of Iran is legal responsible for compilation of economic statistics and national accounts. National accounts compile by Economic.

German Federal Ministry of Economics German Federal Ministry of Finance Short-term economic indicators for business cycle analysis and forecasts as a basis.

Non-observed economy in Kyrgyz Republic The National Statistical Committee of Kyrgyz Republic Sultanaliev M.K. – Leading specialist of the Department of.

United Nations Statistics Division Way forward Training Workshop on the Compilation of Quarterly National Accounts for Economic Cooperation Organization.

Replacing sample panels in the Index of Production with Ratio Estimates Gregor Boyd Office of the Chief Economic Adviser October 2008.

Inflation Report February Output and supply.

Inflation Report May 2013 Output and supply. Chart 3.1 GDP and sectoral output (a) (a)Chained-volume measures. GDP is at market prices. Indices of sectoral.

9 th January 08 A Quarterly Expenditure Measure for GDP for Scotland SESCG.

Long Time Series for Germany 1 Presentation at the Euroindicators Working Group 10 th Meeting – 3 & 4 December 2007 Luxembourg Stephanus Arz Statistics.

Why Economic Census is Important? - The case of National Income in Korea Why Economic Census is Important? - The case of National Income in Korea Kang,

Eurostat Implementation European system of accounts 2010 Eurostat 5 November 2014.

Scottish National Accounts Project - SNAP! Sandy Stewart Scottish Government.

Coverage of OECD NA Questionnaire by Chinese Data ZHAO Hong Department of National Accounts, NBS 6-10 November, 2006 ， Paris.

Statistical Center of Iran Bureau of Economic Accounts(BEA)

Country Presentation SAINT LUCIA.  Current status ◦ Scope and coverage ◦ Output estimation ◦ Intermediate Consumption estimation ◦ Volume measurement.

United Nations Economic Commission for Europe Statistical Division Production and dissemination of short-term economic statistics: the need for long timeseries,

*This presentation represents the author’s personal opinion and does not necessarily reflect the *view of the Deutsche Bundesbank or its staff. Sources.

Scottish National Accounts Project (SNAP) Andrew Mortimer SNAP team.

Simon Compton Methodology Directorate Office for National Statistics

Luxembourg, October Workshop on Backasting SHORT-TERM BUSINESS STATISTICSwww.stat.gov.lt BACKCASTING OF TIME SERIES: PROBLEMS AND RESULTS.

13th OECD-NBS Workshop on National Accounts

FUTURE EVOLUTION OF SHORT-TERM ECONOMIC STATISTICS

The Lebanese National Accounts

David Freeman Labour Market Division Office for National Statistics

Why do an Economic Census: the case of Uganda

INTERNATIONAL WORKSHOP ON REGIONAL PRODUCTS & INCOME ACCOUNTS

INDEX OF SERVICE PRODUCTION

الادارة الصحية: المفهوم والأهمية والخصوصية

A SUMMARY NOTE ON REVISED GDP ESTIMATES

Hungarian practice on chain-linking and its implication for SA

Bangladesh: Recent Progress in Economic Statistics

Mapping Data Production Processes to the GSBPM

Regional Seminar on Developing a Program for the Implementation of the 2008 SNA and Supporting Statistics Bengi YOSUNKAYA September 2013 Ankara.

Using JDemetra+ at STATEC

Presentation transcript:

Gross Domestic Product Developments GDP Team: Richard Morrison John Dowens David Jack SNAP Team: Andrew Mortimer

Table of Contents Updated Chainweights Panel Methodology replaced by ratio estimates in production Stratification Review in Services Routine Review of sources and methods across the board –Including refresh of seasonality models Benchmarking of Historic Series

Updated Chainweights Reflects new Input-Output tables for Scotland published on 13 th October 2010 –1997 – 2004 Weights revised –2005, 2006 and 2007 weights introduced This update is a standard methodological procedure first established in 2004.

New Weights - Construction

Index of Production Panel Method replaced with ratio estimates –Panel of representative companies is replaced with statistical estimation of each industrial sector –Enhances coverage and improves estimate quality – better exploitation of sample –Reviewed and consolidated some subseries Methodology change was approved at SESCG in October 2008

Production - Effect of move to Ratio Estimates (with New Weights)

Services Stratification and other general review Service sector sample strata have historically been based on turnover strata. Moved now to employment –More stable over time –Structural sources have better employment data –Consistent with Production All seasonal modelling has been reviewed –Confirming and honing existing models and parameters Introduced long trailed Atkinson Health Measure

Services – Effects of Changes

Benchmarking GVA to IO short termOutput method is a short term indicator IO more reliable in the long run –Although doesn’t have quarterly resolution Benchmarking IO totals improves long term estimates while retaining resolution Series are benchmarked 1994 to 2007 This methodology was approved by SESCG in the October 2008 meeting.

Effects - Services

Effects– Production

Effects - Construction

Effects Agriculture Forestry and Fishing

Effects - Headline

Please keep an eye on ScotStat mailings as we plan to review the format of our publication and will welcome feedback