Transcript NESDB THAILAND International workshop on measuring GDP by final demand approach 25-27 April 2011, Shenzhen, China.

NESDB THAILAND
International workshop on measuring GDP by final
demand approach
25-27 April 2011, Shenzhen, China
Outlines
Overview
Definition & coverage
Method & adjustments
Classification & data sources
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Overview
The System of National Accounts of
Thailand
The components of GDP on expenditure
approach
GDP = C + I + G + (X-M)
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Balance sheet of National Income at current prices
STRUCTURE
(%)
2005
2006
2007
2008
2009p
Private Consumption Expenditure
57.2
55.8
53.4
55.1
55.2
General Government Consumption Expenditure
11.9
11.8
12.2
12.3
13.4
Gross Fixed Capital Formation
28.9
28.1
26.4
27.4
24.1
2.5
0.2
0.0
1.7
-2.9
73.6
73.6
73.4
76.4
68.4
Exports of Goods
62.1
61.7
61.1
64.2
57.0
Exports of Services
11.4
12.0
12.3
12.2
11.3
74.7
70.2
65.0
73.9
57.8
66.7
61.2
56.0
64.4
49.6
8.0
8.9
9.0
9.5
8.2
99.5
99.4
100.4
99.1
100.4
0.5
0.6
-0.4
0.9
-0.4
100.0
100.0
100.0
100.0
100.0
Change in Inventories
Plus : Exports of Goods and Services
Less : Imports of Goods and Services
Imports of Goods
Imports of Services
Expenditure on Gross Domestic Product
Plus : Statistical Discrepancy
Gross Domestic Product, (GDP)
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Definition & coverage
Definition:
Transactions involving movements
of goods and services out off or
into the country over a specific
time period
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Definition & coverage
Goods at f.o.b.
Export
Services
receipts
Net export
(NX)
Goods at c.i.f.
Import
Services
payments
Net export (NX) = Export (X) – Import (M)
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Definition & coverage
Export and import of goods and
services from Balance of Payments:
Goods and services account
Goods : all categories of goods pass
through customs formalities and data
adjustment for Balance of Payments
basis
 Value of export of goods at f.o.b.
 Value of import of goods at c.i.f.
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Definition & coverage
 Services
 Export of services = Services receipts
 Import of services = Services payments
 Services include:
o Transportation
o Travel
o Government services n.i.e.
o Other services e.g. communication
services, construction services, royalties
and license fees, insurances services,
etc.
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Method & some adjustments
 SNA : use the same figures as in
current account statistics
Customs Dep.
Figures
Adjusted for
Balance of
Payments
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Method & some adjustments
 BOP adjustment made to the
Customs data include:
• Exclusion e.g. goods under diplomatic
•
•
privilege, rented items, sample goods,
personal belongings and used
furniture
Inclusion e.g. satellite, some military
goods, electricity from neighboring
countries
Other adjustments such as time of
recording and exchange rate
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Method & Some adjustments
 SNA adjustment made to import of
services:
• Deduction of compensation of
employees from services payments
(other services)
 Estimation of import and export of
goods and services at constant prices in
SNA
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Classification and data sources
Classification
HS vs CPC, ISIC, COICOP
Sources of data
Bank of Thailand, Customs
Department, Ministry of Commerce
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THANK YOU
www.nesdb.go.th
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