1. 1 Transition of National Accounts of the Republic of Belarus to 2008 SNA Methodology and Interaction between Producers of Official Statistics National Statistical Committee of the Republic of Belarus I.V.Sergeychenko

2. 2 National Accounts of the Republic of Belarus goods and services account; production account; generation of income account; distribution of primary income account; distribution of secondary income account; use of income account; capital account. Current State

3. 3 Trends in Implementation of the 2008 SNA A working group has been approved for implementation of the 2008 SNA main provisions into statistical practice; An action plan for implementation of the 2008 SNA has been approved; Technical assistance by IMF experts; Involvement of national account experts in training workshops.

4. 4 Main Priorities for Improvement of National Accounts and Implementation of the 2008 SNA since January 2016, an implementation of new classification of economic activities (CCEA 005-2011) into statistical practice. Such classification has been developed based on classification of economic activities of the European Union, NACE, v. 2.0.; expenditures for research activities; expenditures and reflection of military expenditures ; financial intermediation services indirectly measured; owner occupied housing service; development and implementation of classification of institutional units by economic sectors into statistical practice as per updates of the 2008 SNA; enhancement of calculations of non-observed economy.

5. 5 statistical survey of types of economic activity was conducted for two years concurrently by two CCEA versions; retrospective calculations by indicators of national accounts have been performed since 2010. classification of economic activities CCEA 005-2011 Main Priorities for Improvement of National Accounts and Implementation of the 2008 SNA

6. 6 an activity on disaggregation of survey data and data correlation has been conducted, which enabled to determine a volume of output, intermediate consumption and gross fixed capital formation by three groups: market producers which effect sales; market producers which do not have sales (R&D development is performed at own expense); units of public administration sector. Reflection of expenditures for research activities Main Priorities for Improvement of National Accounts and Implementation of the 2008 SNA

7. 7 This issue has been decided in cooperation with the Ministry of Defence. Expenditures for armament systems have been determined which are constantly used for production of defence-related services. Annual data on expenditures for armament systems have been submitted, as well as data on quantity and asset prices as of a year of their purchase and life of each of them. Consumption of fixed capital has been calculated. Reflection of expenditures for armaments Main Priorities for Improvement of National Accounts and Implementation of the 2008 SNA

8. 8 Currently, the FISIM is calculated according to the 93 SNA and referred to a separate type of economic activity As per 2008 SNA, the FISIM has been calculated separately by deposits and by loans using basis rate When assessing the basis rate, the inter-bank rates were taken into account, as well as the highest bank deposit rates, the lowest credit rates and long-term government bond rates Financial intermediation services indirectly measured Main Priorities for Improvement of National Accounts and Implementation of the 2008 SNA

9. 9 Financial Intermediation Services Indirectly Measured FISIM, bln RURGDP, bln RUR 201120122011 2012 93 SNA9,359.312,808.8297,157.7 530,355.5 2008 SNA8,552.411,704.6301,385.6 536,020.9 Share in GDP, in % 93 SNA3.13.12.42.4 2008 SNA1.41.41.31.3

10. 10 FISIM after Distribution by Types of Economic Activity As percentage of GDP (93 SNA) As percentage of GDP (2008 SNA) Gross domestic product 100 including: net taxes on products 12.712.3 gross value added 87.387.7 agriculture, hunting and forestry 8.58.58.38.3 fishing industry, fish farming 0.10.10.10.1 mining industry 1.11.11.01.0 processing industry 26.125.2 production and distribution of electric energy, gas and water 2.92.92.82.8 construction 7.47.47.27.2 trade; repairs of cars, household goods and personal demand items 14.013.3 hotels and restaurants 0.70.70.70.7 transport and communications 7.57.57.07.0 financial activity 3.73.73.43.4 real estate operations, lease and deliver of services for users 6.06.07.47.4 public administration 3.03.02.92.9 education 3.93.93.83.8 healthcare and deliver of social services 2.92.92.82.8 deliver of public, social and personal services 1.91.91.81.8 financial intermediation services indirectly measured -2.4-

11. 11 As per 93 SNA methodology, the housing services are assessed based on annual average square of available housing owned by individuals and expenditures connected with operation. Calculated data are added with fees of population for housing rental (net of utility payments), obtained based on aggregate statistics of sampling household survey. As per 2008 SNA, a user expenditure method has been used to determine imputed payment for living in owner occupied housing Owner Occupied Housing services Main Priorities for Improvement of National Accounts and Implementation of the 2008 SNA

12. 12 Owner Occupied Housing Services Years1993 SNA2008 SNA OutputGVAOutputGVA 20102,1971,7886,1994,841 20112,5602,0339,6996,992 20123,5832,77116,26312,305 Share in GDP 20101.11.12.92.9 20110.70.72.32.3 20120.50.52.22.2

13. 13 An interdepartmental group on development and implementation of classification has been established Model classification has been developed by the CIS Statistical Committee and ECE Recommendations on application of the ECE classification of institutional economic sectors in member-states of the Eurasian Economic Union have been prepared Classification of institutional units of economic sectors Main Priorities for Improvement of National Accounts and Implementation of the 2008 SNA

14. 14 Non-observed economy – types of economic activity disregarded by official statistics parallel economy is an activity which is permitted by law, but is intentionally hidden to defraud the revenue and fail to pay taxes and other mandatory payments informal economy is an activity on production, circulation and disposition of goods and services which is conducted mainly according to the law by individuals, private entrepreneurs, based on informal relationships between production participants illegal activity is an activity which is forbidden by law or types of activity which are performed without permission, for example, unlicensed medical practice Main Priorities for Improvement of National Accounts and Implementation of the 2008 SNA

15. 15 Impact of the 2008 SNA Methodology on GDP (Production Method) for a Year of 2012 Impact on GDP in % Primary changes affecting GDP as per the2008 SNA Change in accounting of research and development0.60.6 Change in accounting of armament0.10.1 FISIM0.90.9 Imputed payment for living in owner occupied housing1.81.8 GDP (2008 SNA ) 3.43.4

16. 16 Impact of the 2008 SNA Methodology on GDP (End-use Method) for a Year of 2012 Impact on GDP in % GDP3.43.4 final consumption expenditures3.03.0 households3.13.1 state organization expenditures, among them:- 0.1 for personalized goods and services- for shared services- 0.1 non-profit organization expenditures which serve households- gross savings0.80.8 fixed capitalа0.80.8 stock changes- net export of goods and services- export- import- statistical discrepancy- 0.4

17. 17