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Workshop on National Accounts New Delhi, India 6 – 9 July 2009 Country : BHUTAN Dechen Wangdi Contents • • • • • • System of National Accounts in Bhutan Approaches to GDP estimates Classifications Quarterly GDP estimates by sector SNA implementation plan, 1993, 2008 Problems and issues I. System of National Accounts • Partially with 1993 SNA - FISM distributed across the sectors - Soft ware included as capital formation (govt) - Mineral exploration still treated as IC - valuables = difficult to implement - Military expenditures on non-military equipment and structures are difficult to obtain System contd… • • • • • The base year =2000 Previous base= 1980 The GDP estimates are on calendar year Time lag of about 1 year GDP disseminated through publication and through website System: sources of data • Sources -Administrative -Census/surveys - Other indicators II. Approaches to GDP estimates • Production and expenditure approach • Difference between production and expenditure treated as SD • Sources of data for the private consumption is from 2007 BLSS and for the Govt. is budget documents III. Classifications • Industrial and product classification not done • Private consumption= COICOP • Government = COFOG IV. Quarterly GDP back ground • Attempts made for 2000 to 2007 • Methodology not very sound • Not published Quarterly contd.. • Agriculture: Basically no information, broken down the annual estimate using ratios of harvesting pattern of various crops Data sources : Ministry of Agriculture, 2000 census Livestock : No indicators Quarterly contd………… Forestry : Data not available • Mining : Quarterly production figures are available Data sources : Dept. of geology and mines Contd….. • Manufacturing: Quarterly figures for major industries available but the problems are with medium and un-registered sector. • Electricity and water: Monthly generation data available Data sources : Dept of energy Quarterly contd………… Construction: - Private = information not available - Government = govt. budget document - information for corporations are available • Wholesale and retail trade: No information are available Quarterly contd………… • Transport, storage and communication: No information • Financing, Insurance and real-estate: quarterly information are available from Central Bank Contd… • Community and social services: Govt. budget documents are being made available on a quarterly basis • Private social and recreational services: Information not available V. SNA implementation plan • No definite time period • Slowly trying to implement • Rebasing =every 10 years ??? VI. Problems and the issues • Non-availability of information • Technical difficulties • Co-ordination among various agencies • Funding Thank you