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