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The Lebanese National Accounts

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Presentation on theme: "The Lebanese National Accounts"— Presentation transcript:

1 The Lebanese National Accounts
Expert Group Meeting on Short Term Statistics Amman February 2016

2 Introduction On Lebanese NA
Main Elements in the Compilation of GDP Benchmark Annual estimates NA System Excel International Standards SNA 2008 Classification LPA

3 The Household Budget Survey (2004 and 2011-2012)
Data Sources The Household Budget Survey (2004 and ) CAS Survey on enterprises ( ) The Ministry of Finance The value added tax returns Budgetary operations of the Central Government Customs The Central Bank Transactions of the Banking Sector The Balance of Payments Ministry of Agriculture and CREAL

4 Methodology GDP estimates derived using the Production and the expenditure approaches Annual estimates was calculated by extrapolating the benchmark using the production approach based mainly on the VAT data Where the VAT information is not appropriate, other sources of data were used: Air transport, Construction, Electricity, …

5 Difficulties confronted
With: Data availability and timeliness VAT data FISIM

6 The NA results consist of:
Gross Domestic Product Expenditure components of GDP GDP by activity Supply use table (if compiled) Sector accounts

7 Dissemination and Publication
First publication was in July 2013: Data sources and compilation methods Comments and tables (2011 results with a revision for the years in addition to a preliminary 2012 estimate for GDP and Growth) Second publication was in December 2014

8 THANK YOU


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