Transcript PPT
The main national policy challenges: › The Statistics Act › Statistical System › Administrative Recordkeeping. › Improved response Expanding the accounts › The Business Establishment › The Administrative data providers › The Bahamas short-term economic statistics improvements: Introducing Quarterly GDP estimates Import and Export Price indexes Updating of the Consumer Price Index basket NEW DATA REQUIREMENTS OVERVIEW: › General Industry Applications New requirements in terms of concepts of the 2008 SNA SNA 08 - The Recognition of the Ancillary activities SNA 08- Asset category “computer software” modified to include databases. SNA 08 – Originals and Copies recognized as distinct products. Need for new source data, new scope and detail; required periodicity and timeliness; None Adjustments to business registers and surveys; Business Establishment questionnaire have been expanded to collect the additional data Institutional arrangements None New requirements in terms of concepts of the 2008 SNA SNA 08 – Residence of multi-territory enterprises clarified. The need for new source data, new scope and detail; required periodicity and timeliness; adjustments to business registers and surveys; and institutional arrangements. The multi-territory enterprises that currently exist in transportation industries will be identified and where possible operations will be shared across their enterprises. New requirements in terms of concepts of the 2008 SNA SNA 08 - Research and Development output no longer treated Intermediate Consumption The need for new source date, new scope and detail; required periodicity and timeliness; This item will be added to the business establishment survey which is collected on an annual basis. Adjustments to business registers and surveys and institutional arrangements. None of these actions will be required. New requirements in terms of concepts of 2008 SNA SNA 08 - Method of FISIM refined SNA 08- Output of Central Bank clarified The need for new source data, new scope and detail; required periodicity and timeliness; Efforts will be made. Adjustments to business registers and surveys; None Institutional arrangements Arrangements would have to be made. New requirements in terms of concepts of 2008 SNA SNA 08 - Recording of Output of Non-Life Insurance companies improved SNA 08 - Reinsurance similarly treated as direct insurance Need for new source data, new scope and detail; required periodicity and timeliness; It should be possible to collect the data Re-insurance data already available Adjustments to business registers and surveys; None Institutional arrangements Arrangements to get additional data. New requirements in terms of concepts of 2008 SNA SNA 08 – Government GCF to include expenditure on weapons systems and single-use items as military inventories Need for new source data, new scope and detail; required periodicity and timeliness; The Bahamas has mostly single-use weaponry . Adjustments to business registers and surveys; None Institutional arrangements Discussions will have to held. The most recent published tables were estimated based on the data collected and tabulated when estimating the Industry and sector estimates. › The above are not currently being prepared by the National Accounts Section. › Consideration is being given to them. › The Business Establishment Survey › Serious concerns This is the responsibility of the Central Bank of The Bahamas as they compile the Balance of Payments Statistics. The Bank currently utilizes the BPM5 and plan to implement BPM6 within 2012-2013. Develop a better understanding of the SNA 08 revisions. Identify the missing data and possible new data sources. Collect and tabulate the additional data. Expansion the Establishment Questionnaires Short term statistics Meet with data providers The Balance of Payments implementation BPM6 The DOS Business Establishment Section has already implemented ISIC Rev4. › In the short-term › In the long-term