Operational Material

Outline Topics to be covered A Stacking of International Classifications Criticality of Basic Headings Summary of Classification levels Basic Heading Sources Operational Categories of Basic Headings GDP Splitting Approaches by Basic Heading

1. A Stacking of International Classifications 2. Criticality of Basic Headings 3. Summary of Classification levels 4. Basic Heading Sources 5. Operational Categories of Basic Headings 6. GDP Splitting Approaches by Basic Heading 3 Outline

4 A Stacking of International Classifications INDIVIDUAL CONSUMPTION EXPENDITURE BY HOUSEHOLDS Classification of Individual Consumption According to Purpose 1 COICOP INDIVIDUAL CONSUMPTION EXPENDITURE BY NPISHS Classification of Purposes of NPIs Serving Households 2 COPNI INDIVIDUAL / COLLECTIVE CONSUMPTION EXPENDITURE BY GOVERNMENT Classification of Functions of Government 3 COFOG GROSS FIXED CAPITAL FORMATION Classification of Products by Activity 4 CPA

5 Criticality of Basic Headings Important from the perspective of aggregation of price data A pivotal concept used in the ICP. Lowest level at which expenditure data is available

6 Gross Domestic Product Individual consumption expenditure by households Individual consumption expenditure by NPISHs Individual consumption expenditure by government Collective consumption expenditure by government Gross fixed capital formation Changes in inventories & net acquisitions of valuables Balance of exports and imports Main Aggr. Categorie s Groups Classes Basic Headings Summary of Classification levels

7 Gross Domestic Product Individual consumption expenditure by households Individual consumption expenditure by NPISHs Individual consumption expenditure by government Collective consumption expenditure by government Gross fixed capital formation Changes in inventories & net acquisitions of valuables Balance of exports and imports 9 9 Household Expenditure Surveys 1 1 Special surveys 7 7 Government Finance Statistics Household Expenditure Surveys Government Finance Statistics Household Expenditure Surveys 1 1 Government Finance Statistics 6 6 General economic surveys Imports Statistics General economic surveys Imports Statistics 4 4 General economic surveys 3 3 Balance of payments 25 Number of sources Basic Heading Sources

8 Gross Domestic Product Individual consumption expenditure by households Individual consumption expenditure by NPISHs Individual consumption expenditure by government Collective consumption expenditure by government Gross fixed capital formation Changes in inventories & net acquisitions of valuables Balance of exports and imports Importan ce Operational Categories of Basic Headings Difficulty ICP Methods Productio n Process Reference PPPs Negative Values Consisten cy

Individual consumption expenditure by households Individual consumption expenditure by NPISHs Individual consumption expenditure by government Collective consumption expenditure by government Gross fixed capital formation Changes in inventories & net acquisitions of valuables Balance of exports and imports Direct GDP Splitting Approaches by Basic Heading Extrapola tion Expert Opinion Extrapola tion Direct Latest Year 2011

10 Thank You