1. GRENADA DEVELOPING A PROGRAMME FOR THE IMPLEMENTATION OF SNA 2008
Presented by
Margaret Frame
ECONOMIC DIVISION
CENTRAL STATISTICS OFFICE
JANUARY 29, 2013

2. OUTLINE THE MAIN NATIONAL POLICY STATISTICAL REQUIREMENTS
NSDS
Statistical Data Sources
Data Dissemination
Data Storage
STATISTICAL ACTIONS
Current Practice
Current Development
WAY FORWARD FOR PREPARING A STATEGIC VISION FOR THE CHANGE OVER TO:-
SNA 2008
ISIC REVISION 4
ADAPTED DATA TEMPLATE FOR SHORT TERM ECONOMIC STATISTICS

3. THE MAIN NATIONAL POLICY OF GOVERMNMENT
Economic transformation of the Grenadian economy
This means that Grenada must now transition from
-a two pillar economy consisting of tourism and agriculture
-to a five pillar economy that is more diversified, resilient to external shocks and capable of generating higher employment and income opportunities for its people
Government advanced the transformation agenda by approving a National Investment Promotion Strategy. The five transformational sectors are anchored in this Strategy.

4. The Five Transformational sectors
•Education, Health and Wellness and Services
• Tourism and Hospitality
• Energy Development (renewable and non-renewable)
• Agribusiness
• Information Communications and Technology.
These new drivers of growth are also entrenched in the Poverty Reduction Strategy of Government.

5. Statistical structure
The CSO must be position to produce timely, reliable and accurate statistical data to be used for planning and monitoring the social and economic development of Grenada , Carriacou and Petite Martinique, as stated in its mission statement.
This means that CSO must delivery efficient and effective economic and social statistics to government, national, regional and international communities, through the improvement and development of statistical programmes that crates to the changing environment.
STATISTICAL REQUIREMENT
STATISTICS ENVIRONMENT
ESTLABLISH National Strategy for the Development of Statistics -NSDS
Statistical structure
Revision and enforcement of the Statistical acts
Memoranda of understanding
Human Resource
International standard
Training
Advocacy – aim at increasing response rate
Technical Assistance
Improvement in the coordination among regional and international organization

6. STATISTICAL REQUIREMENT Cont. 2. STATISTICAL DATA
GDP BY THE PRODUCTION APPROCAH ( CURRENT AND CONSTANT)
GDP BY EXPENDITURE APPROACH (current and constant)
QUARTERLY GDP
BALANCE OF PAYMENTS BPM6
SUPPLY AND USE TABLES
TOURISM STATATILE ACCOUNTS
SHORT TERM INDICATORS - HIGH FREQUENCY INDICATORS
PRICE STATISTICS
PRODUCTION STATISTICS
LABOUR MARKET INFORMATION
DEMOGRAPHIC STATISTICS
ENVIRONMENT STATISTICS
CREATIVE INDUSTRY
INFORMAL SECTOR SURVEY

7. STATISTICAL REQUIREMENT Cont. 3. DATA SOURCES
Business register
Business Establishment survey
Administration data sources
Other internal surveys done by the office eg price surveys, population census, household expenditure and trade statistics.
 4. DATA DISSEMINATION
Statistical publication
Government gazette
Internet / ECCB website, regional and international organisation
CSO Website
On request.
5. DATA STORAGE
Both at the domestic and external level

8. STATISTICAL ACTIONS GROSS DOMESTIC PRODUCT (GDP)
1. GDP by PRODUCTION APPROACH
In 2007, Grenada Central Statistical Office (CSO) embarked on an exercise to rebase its system of National Accounts to reference year (previous year1990)
Eastern Caribbean Central Bank (ECCB) & CARTAC provided Technical Assistance in the Rebasing of the National Accounts.
THE REVISION PROCESS INCLUDED:
Improving the method and procedure in estimating GDP in accordance with the system of national accounts (SNA 1993).
Incorporating new and revised data into the estimates – improving coverage 29%
Revision of the national accounts classification of industries – ISIC 3.1
Both in current and constant prices by industries
2. GDP BY EXPENDITURE – CURRENT PRICES – RESIDUAL METHOD
3. QUARTERLY GDP INDEX – USE TO REVISE ANNUAL GDP

9. The main sources of data are as follows:
Annual National Accounts Survey of Establishments
Government Estimates of Revenue and Expenditure
Administrative Data from Government Departments
Other data Sources from CSO
Consumer Price Index (CPI)
Production Statistics
External Trade Statistics
Balance of Payments (BOP) Surveys
Household Income & Expenditure Survey
Census of Population and Housing
Labour force survey
Business Register

10. PARTICIPATING in ICP 2011 Round GDP PRICES
CURRENT DEVELOPMENT
PARTICIPATING in ICP 2011 Round
GDP
PRICES
2.GDP by Expenditure Approach
Technical assistance is provided by CARTAC and ECCB in developing the Estimates in both current and constant prices
The objective is to improve the GDP by expenditure by having an independent method of estimation for private consumption expenditure by applying the basic expenditure headings.
COICOP
Classification of government by function COFOG
Government final Consumption – individual & Collective services
This will allow consistency with the conceptual framework of the SNA
To be completed by December 2013

11. GDP BY EXPENDITURE APPROACH
CONSUMPTION
Household Final Consumption Expenditure
NPISH Final Consumption Expenditure
Government Final Consumption Expenditure
Distribution of FISIM by users
Gross Fixed Capital Formation
Changes in inventories
Imports and exports of goods
Taxes on Production and Imports
Subsidies

12. SHORT TERM ECONOMIC INDICATORS
CURRENTLY PRODUCE INDICATORS
MONTHLY / QUARTERLY
Consumer Price index
External Trade Statistics
Financial data – Commercial Banks, credit union
Agricultural crops
Fish production
Quarry production
Tourist Arrival
Motor Vehicle Registration
Selected Production Data
Building Permits
Water and electricity production and consumption
New registered employees
Retail sale index – selected companies - total

13. WAY FORWARD FOR PREPARING A STATEGIC VISION FOR THE CHANGE OVER TO SNA 2008, ISIC REVISION 4 & ADAPTED DATA TEMPLATE FOR SHORT TERM ECONOMIC STATISTICS
To adopt the Caricom SNA implementation plan
NSDS was launch in October 2012
OECS Countries to agree on a phase approach
Technical Assistance
Identify and agree on concepts to be implemented with timeline
GDP by Expenditure
Quarterly GDP
Implement BPM 6 - EBOPS
Revision of questionnaires
Business Register - improvement
Discuss on the short term indicators as identify in the template

14. THANK YOU