ISSUES AND CHALLENGES IN ECONOMIC STATISTICS IN EECCA COUNTRIES

1
ISSUES AND CHALLENGES IN ECONOMIC STATISTICS IN
EECCA COUNTRIES

• Lidia Bratanova,
• Statistical Division, UNECE

2
Content of the presentation

• National Accounts
• Price Statistics
• Consumer Price Index
• Producer Price Index
• Business Statistics
• Statistical Business Registers
• Short-term Statistics

3
National Accounts

• High quality national accounts are based on
• The overall statistical infrastructure, existing
  standards, quality and availability of basic
  statistics
• Specific methods and techniques for calculation
  of the national accounts aggregates.

4
National Accounts - prerequisites

• Development are needed in the following areas
• Coverage of economic activities output and
  deflators for services (financial, non-market,
  processing)
• Bookkeeping standards full harmonization with
  international accounting standards
• Cumulative data
• Use of administrative data sources
• Internationally comparable classifications
• ISIC/NACE
• Institutional sectors classification
• COFOG, COPNI

5
National Accounts - methods

• Implementation of the 2008 SNA
• Development of national implementation plans
• Priority should be given to changes affecting GDP
  measures
• Translation of the 2008 SNA (http//unstats.un.org
  /unsd/nationalaccount/sna2008.pdf) in Russian
• Development of guidelines facilitating the
  implementation of the 2008 SNA

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National Accounts methods

• Non-observed economy
• Independent GDP estimates
• Allocation of FISIM
• Constant price estimates
• Quarterly National Accounts
• Financial Accounts
• Balance sheets (consumption of fixed capital, net
  measures, holding gains/losses)

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Price Indices

• Consumer Price Index (CPI)
• Population and geographical coverage
• Coverage rented dwellings, owner occupied
  housing, health, own account production, IT
  products and services
• Treatment of taxes and subsidies to get purchases
  prices
• Sampling reducing sample sizes and response
  burden by optimizing sampling techniques
• Methodological issues calculation methods,
  missing prices, seasonal products, quality
  changes
• Dissemination publication of long time series
  (of non-cumulative indexes)

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Price Indices

• Producer Price Index (PPI)
• Coverage of establishments and commodities
  optimized sampling to reduce response burden
• Recording of basic prices adjustment for taxes
  and subsidies, transfer prices
• Methodological issues adjustment for quality
  change
• Use of classifications not comparable with
  ISIC/NACE
• Dissemination publication of long time series of
  non-cumulative indexes.
• Producer Price Index for Services
• Export and Import Price Indexes

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Price Indices - International Guidelines

• Consumer Price Index Manual. Theory and Practice
  (2004) - available also in Russian
• www.ilo.org/cpi-manuals
• Practical Guide to Producing Consumer Price
  Indices. A Supplementary Handbook to the CPI
  Manual (forthcoming)
• www.unece.org/stats/archive/02.07.e.htm
• Producer Price Index Manual. Theory and Practice
  (2004) translation into Russian underway
• www.imf.org/external/np/sta/tegppi/index.htm
• Exports and Imports Price Index Manual
  (forthcoming)
• www.imf.org/external/np/sta/tegeipi/index.htm

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Business Statistics

• Statistical Business registers (SBRs)
• Diversity of SBRs between countries different
  legislation and institutional set-up, need of
  (sub)-regional harmonization
• Statistics derived directly from the SBRs
• Business demography
• Implementation of revised ISIC/NACE
  classifications
• Inclusion of multinational enterprises
• Legal and administrative obstacles for the use of
  administrative data need of improved
  data-sharing and confidentiality legislation

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Business Statistics

• Short-term Economic Indicators
• Publication of long time series
• Fixed based indices and discrete absolute values
• Publication of revised historical series
• Seasonal adjusted short-term statistics
• Development of statistics on services
• Sample sizes and response burden
• Publication policy methodological documentation
  for users, advance release calendars, revision
  policy for publication of historical data