1. IMPLEMENTATION PROGRAMME OF SNA 2008 (Dominica)
Seminar on Developing a Programme for the Implementation of the SNA 2008 and Supporting Statistics in the CARICOM Region
30th January - 1st February, 2013
Jamaica

2. Current System of National Accounts(SNA) Used
The Central Statistics Office compiles its annual National Accounts data based on the SNA This is conducted in accordance with the Census and Statistics Act of of Dominica.

3. Policy Issue
According to the Growth and Social Protection Strategy (GSPS), Government’s strategy for pursuing growth are the following:
Fiscal policy and administrative reform, including creating an enabling environment for private enterprise and investment attraction
Sectoral strategies for growth
Strategies for poverty reduction and social protection

4. Policy Issue (Cont’d)
Strategies for growth were developed within some main sectors such as agriculture, transport, tourism and utilities (electricity and water).

5. Policy Issue (Cont’d) Agriculture
Proactive promotion of sustainable growth and development of the sector
An enhanced enabling environment for investment in agriculture
Sustainable use of natural resources
Improving food security

6. Policy Issue (Cont’d) Transport
Improve the quality of the stock of roads
Increase the efficiency of the main seaport

7. Policy issue (Cont’d) Tourism
To pursue sustainable tourism by creating economic, social and cultural opportunities.
Nurture community involvement at sustainable levels and to create jobs for the youth.

8. Policy Issue (Cont’d) Utilities (Electricity and Water)
To facilitate the use of alternative energy (geothermal energy)
To work with the water company (DOWASCO) to upgrade the water infrastructure.

9. Short-term Economic Statistics
The CSO uses a standard quarterly and monthly template to present its short term economic indicators.

10. Short-term Economic Statistics (Cont’d)
Main indicators presented are as follows:
External trade statistics
Consumer Price Indices
Travel statistics
Manufactured production
Construction
Financial Indicators (recent)

11. Proposed Implementation Process of the SNA 2008
In order to implement the SNA 2008 the following are required:
Ensure that the transfer from the 1993 SNA methodology to the 2008 SNA is well understood.
Coordination among the relevant agencies (e.g. Central Bank, CSO, etc).
Training of staff for the transition.

12. Proposed Implementation Process of the SNA 2008 (Cont’d)
Need to know the extent of adoption of the SNA (The minimum set of tables to be compiled.)
Need to provide resources for the implementation exercise.

13. Proposed Implementation Process of the SNA 2008 (Cont’d)
Compile GDP by Expenditure in constant prices.
Revise Supply and Use Table to a more recent reference year.
Conduct additional informal sector surveys.

14. Proposed Implementation Process of the SNA 2008 (Cont’d)
Create institutional sector accounts
Updating business register
Classification of economic activities for all sectors according to the International Standard Industrial Classification (ISIC Rev 4).

15. Proposed Implementation Process of the SNA 2008 (Cont’d)
Rebase GDP series to be in line with new classifications (ISIC Rev 4) and revised definitions and concepts.

16. Resources
Some of the main resources needed to ensure a smooth implementation process are:
Human resource
Equipment
Financial resources
Technical assistance

17. Current Status Rebasing of the GDP
In 2010 the rebasing exercise of the GDP series was completed for the period 2000 to with a revised base year. The new base year for the revised series is 2006.
Compiled SUT for 2005
Produce annual Trade in Services Statistics

18. Overall Highlights from the Rebased GDP Series
This exercise provided a basis for methodological and conceptual review and improvement for the GDP data series
New and improved data sources were also created from this exercise.
This has enabled the CSO to expand its GDP coverage and compile production tables

19. Possible Challenges
Insufficient resources

20. Going Forward
Establish an achievable timeframe and work plan for the implementation of SNA 2008.

21. Thank You