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Expert Group Meeting Handbook on Supply and Use Table

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Expert Group Meeting Handbook on Supply and Use Table Powered By Docstoc
					      Expert Group Meeting
            UNECA – Addis Ababa
            24 – 28 October 2011

   Handbook on Supply and Use Table
Compilation, Application and Good Practices


                   Chapter 4
      Structure of Supply Use Table (SUT)

                  Inese Larue
    National Bureau of Statistics (Seychelles)
                 October 2011
        Supply Use Table (SUT)

•   Transparent framework for compiling national
    accounts data on the production process.

•   Represents very clearly the available source data

•   Classify main transactions in goods and services in
    the economy according to
         »   Economic Activity / Industry
         »   Purpose

•   Exist in pairs with common valuation and level of
    detail for identified products
                      Supply

• Source of goods and services available within the
  domestic territory / boundary originate from either:

   (i) Domestic Production
   (ii) Imports

                      Total Goods &
                         Services




       Domestic
                                        Imports
      Production
                                        Uses
How are the available goods and services used?


                                    Total Goods &                     Exports
  Intermediate
  Consumption                          Services



                                                                       Investment
                                                                         (GFCF)
                              Final Consumption Expenditure



                 Households           Government              NPISH
               Supply=Use ?????
                Supply = Use?????

• If Total Supply = Total Use then the 2 sides
  should balance. J
• However, NOT all that has been supplied is
  necessarily used up in the accounting period.
• Inventories – To balance Supply and Use,
  change in inventories need to be accounted
  for (This can be positive or negative).
  This comes into the equation on the Use side
                                     SUT & GDP
       Supply      =                                 Use

  DP + IMP         = IC + HFCE+GFCE +NPISH +GFCF+                         INV+ EXP (1)
Now :
         GDP(P) = GO–IC (Where GO = DP)
And
         GDP(E) = HFCE+GFCE +NPISH +GFCF+                         INV+EXP-IMP
  Subtracting Imports and Intermediate Consumption from both sides of Equation 1 gives:

      GDP(P) =                                     GDP(E)

      DP - IC =        HFCE +GFCE +NPISH+GFCF+                     INV + EXP-IMP (2)
SIMPLIFIED SUT
                 The Value Added Quadrant of SUT




              SUPPLY                                  USES

DOMESTIC PRODUCTION                 INTERMEDIATE CONSUMPTION
                          IMPORTS                                     OTHER
          (DP)                                   (IC)
                            (IMP)                                      USES
  by kind of activities                   by kind of activity


                                                 VALUE ADDED

                                    obtain as the difference between DP and IC
                                       and broken down by kind of activity
                 Key properties of SUT

• Generates GDP(P) and GDP(E) simultaneously

• Involves balancing supply and uses at detailed commodity
  level

• Ensures accounts are internally consistent

• Generates value added by kind of activity

• Enhances accuracy of both GDP(P) and GDP(E)

• Provides basis for compilation of Input-Output tables
                          Challenges

• What level of detail?

• Deriving a detailed breakdown of household consumption
  expenditure from direct sources

• Classifications (harmonisation between supply and use
  categories)

• Treatment of incomplete / missing data

• Treatment of contradictory/conflicting information

• Surveys (cost & time factors)
          QUESTIONS & ANSWERS???

• How to determine level of detail?

• What needs to be done to compile a full and
  consistent set of data with the relatively limited
  information that can be obtained from the reporting
  units in the economy?
Thank you!

				
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posted:7/12/2013
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