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SUPPLY AND USE TABLES IN EGYPT Suzan Ali Moussa General Manager of National Account CAPMAS, Egypt A-Introduction 1 -The Structure of Supply and Use Tables. 2-The tasks carried out by National Accounts Department. 3- working plan of National Accounts department in CAPMAS. 4-THE Methodology. 5- supply and Use Ssystem. 6- SUT issues in CAPMAS. 1-The Structure of Supply and Use Tables These tables Display the supply and use of Goods and services classified by activities that produced or consumed these goods and services Business sector, oHousehold sector oGovernment sector oIn addition to the two accounts of the transactions with the outside world 2-The tasks carried out by the General Department of National Accounts at CAPMAS. Labor force: the department consists of 13 person the general department of national accounts in CAPMAS starting to compile SUT as a first time to compile this tables in Egypt at September 2010 using (SNA 1993). SUTs are compiled by CAPMAS National accounts team in . coordination with the national accounts’ experts CAPMAS compiled SUTs for the first time for 2008 / 2009. SUTs are prepared in Egypt according to the SNA 1993 concepts and definitions. SUTs were prepared at basic prices and transformed to symetric IOTs according to the SNA 1993 Input-Output Manual, published by United Nation. 3- working plan of National Accounts department in CAPMAS. Compiling the final matrix of Supply and Use table. Compiling the final matrix of Input Output table. Compiling SAM matrix. 4-THE Methodology We designed the supply and use table by using CPC for rows, and ISIC for columns, according to available data. The Supply Matrix consists of 98 row (Goods and services) * 87 column (Economic activities in 2 digit) at basic price. The Use Matrix consists of 104 row (Goods and services) *86 column (Economic activities in 2 digit) at consumer price. 5- Supply and Use System Supply and use system incorporates the following tables: Supply table at basic prices, including a transformation into purchasers’ prices Use table at purchasers’ prices Valuation matrices Trade and transport margins Taxes less subsidies on products Supply table at basic prices Use table of domestic output at basic prices Use table of imports at basic prices 6- SUT issues in CAPMAS. SUT, IOT 2008/2009 SUT, IOT 2010/2011 SUT, IOT 2012/2013 B- (Supply and Use Tables ) 1- Methodology : Supply Table 2- Methodology : Use table 3- classifications are used 4- Data Sources 5- Calculation methods used in GDP Estimates 6- Prices in National Accounts ( SUTs ) SUTs are compiled by production, expenditure and income approaches. The system consists of the following elements: Value added by kind of economic activity at current prices, Expenditure on GDP at current prices, GDP by cost components at current prices. 10 1- Methodology : Supply Table It shows the supply of goods and services produced and by type of supplier distinguishing output by domestic industries and imports. ISIC .4 classification is used for industries, CPC1.1 classification is used for products. The rows of this table shows products and columns shows industries. Domestic Production + Imports = Total Resources 11 2- Methodology : Use table Intermadiate Consumption + Final consumption expenditure of Household + Final consumption expenditure of general government + Gross fixed capital formation + Change in stocks + Exports = TOTAL USES Use table has three quadrant. Intermediate Consumption Final demand Value Added components 12 2- Methodology : Use table (cont) Intermediate consumption shows purchases by industry of products in order to produce their output. Final demand categories show the final consumption expenditures by household, government and non-profit institutions serving households, gross fixed capital formation, changes in inventories and goods and services exports. Value added components shows the costs of each industry in term of factor costs, for example compensation of employees, other net taxes on production, consumption of fixed capital. 3- classifications are used International Standard Industrial Classification (ISIC 4). Central products classification (CPC 1.1). Classification of Individual Consumption by Purpose (COICOP). Classification of the Functions of Government (COFOG). Classification of Foreign trade (HS). 4- Data Sources All data used in national accounts is collected from enterprises and/or establishments by using full enumeration and/or sampling survey methods. 4- Data Sources (cont’d) Sources from inside CAMAS. Periodically Economic Surveys Labor force: Quarterly survey using sample consists (21000 household). Income and Expenditure survey : every tow years and last one was 2014-2015 Censuses : Economic Census An annual releases : (Agricultural – industry- trade - Building and Construction – transportation ……). 4- Data Sources (cont’d) external sources Balance of Payment and data related to financial sector from Central Bank. The Final Budget of The government (Ministry of Finance). 5- Calculation methods used in GDP Estimates EXPENDITURE APPROACH GDP by expenditure approach consists of following items: Final consumption expenditure by households by NPISH by government Gross fixed capital formation Changes in inventory Net exports. 5- Calculation methods used in GDP Estimates (cont’d) EXPENDITURE APPROACH Household and NPISH final consumption expenditure Main data sources for households consumption expenditure is Income , Expenditure and Consumption Household survey , conducted by CAPMAS every tow years using COICOP. Household consumption consists of all expenditure of households on goods and services by using commodity flow methods. Consumption may take place both in domestic and abroad, so that tourist expenditure and expenditure of diplomats and military personnel abroad are included. 19 5- Calculation methods used in GDP Estimates (cont’d) EXPENDITURE APPROACH Government final consumption expenditure Government sector consists of three sub-sectors. Central government (general and annexed budget) Local government, Social security, Revolving funds institutions. Data are based on the results of analytical budget developed by Ministry of Finance. This system has economic, functional and institutional coding system at detailed level. 20 5- Calculation methods used in GDP Estimates (cont’d) EXPENDITURE APPROACH Gross fixed capital formation Calculations are based on two main types of assets, machinery and equipment, and construction according to the domestic and imported goods. Data are collected from the results of analytical budget, general and annexed budget institutions for public gross fixed capital formation. Data for private gross fixed capital formation is estimated by using the results of private and investment sector’s bulletin . 21 5- Calculation methods used in GDP Estimates (cont’d) EXPENDITURE APPROACH Changes in inventories Changes in inventories are mainly based on statistics collected directly from enterprises by SBS questionnaires. The inquiries cover mining and manufacturing, distribution and energy products. Changes in inventories in the service industries are obtained annually from the Business statistics. 5- Calculation methods used in GDP Estimates (cont’d) EXPENDITURE APPROACH Export and imports of goods and services Data on exports and imports of goods and services are specified in accordance with the product classification used in the product accounting system and are compiled at the same level of detail as the monthely and annual calculations. Data of goods are collected from Foreign trade statistics by HS classification and correspondence tables including CPC. Data for services are taken from Balance of Payment statistics produced by the Central Bank of Egypt. 23 6- Prices in National Accounts Supply-use tables and input-output tables can be valued at basic prices or producer’s prices with produced goods and services values. SNA 93 suggest accounts at basic prices Tables at producer’s prices can be converted at a basic prices by using matrix of taxes less subsidies on products. 24 6- Prices in National Accounts (cont’d) There are three types prices in the system. Basic prices: The basic price is the amount receivable by producer from the purchaser for a unit of a good or service produced as output minus any tax payable and plus any subsidy receivable, on that unit as a sequence of its production or sale. Producers’ prices:The producer’s price may exceed the basic price by the amount of the value of any taxes less subsidies on the product. Purchasers’ prices: The purchaser buys directly from the producer, the purchaser’s price may exceed the producer’s price by the amount of the values trade and transport margins. 6- Prices in National Accounts (cont’d) Purchaser’s prices Minus Non-deductible VAT Minus Trade and Transport margins Equal Producer Prices Minus Taxes on the products (excl. VAT) Plus Subsidies on the products Equal Basic Prices 6- Prices in National Accounts (cont’d) While intermediate consumption and final demand items are always valued at purchaser’prices, goods and services produced by an industry is valued at basic prices 27 Thanks