Accumulation of National Accounts: An Overview of Sources and Methods

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Presentation Outline Overview of Zambia Organizational structure of the CSO Economic Statistics Division National Accounts Industrial Production External Trade and Balance of Payments Living Conditions Monitoring Prices and Consumption Studies Public Finance Sources & Estimation Methods Dissemination of monetary measurements Short comings Constraints

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Zambia - Geography

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Zambia - Demographics Surrounded by 8 different nations Total region: 752, 000 km 2 Populated by 12 million individuals Copper remains the fundamental fare (80 %) Per capita GDP: US$910 (2006 prelim.) Economic development rate: 5.9 % (2006 prelim.) Inflation rate: 11.1 % (June 2007)

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Organizational Structure of the CSO The Central Statistical Office is one of the TEN Departments under the Ministry of Finance and National Planning (MoFNP) Mandated under the Census and Statistics Act of the Laws of Zambia to create official national insights These include: Population and lodging evaluation (led at regular intervals) Economic Census (to be completed like clockwork) Census of Agriculture Other periodical national social and financial reviews The CSO comprises of the Head Office in Lusaka and commonplace workplaces in each of the nine regions of Zambia Headed by a Director and is isolated into four divisions each headed by a Deputy Director

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Organizational set up

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Economic Statistics Division

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National Accounts Branch Responsible for the aggregation of GDP on a yearly premise Co-ordinate the leading of the Economic Census ( on-going ) Carry out foundation based wage bookkeeping studies (National Income Inquiry)

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External Trade and BoP Responsible for the preparing and investigation, accumulation of merchandize exchange insights with whatever is left of the world. This is done on a month to month premise with a one-month time slack. Likewise supplies exchange information to National records branch for motivations behind creation of consumption GDP. Adjust of Payments insights, be that as it may, are ordered at the Central Bank ['Gentleman's' Agreement]

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Industrial Production Branch Responsible for the assemblage of the quarterly Index of Industrial Production Covers mining, assembling and power Census of Industrial Production

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Prices Branch Responsible for the accumulation of the Consumer Price Index used to figure expansion Compiled on a month to month premise Most opportune delivered financial pointer: dispersed each and every Thursday of the reference month Provides records for use in the emptying of GDP

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Public Finance Branch Responsible for the aggregation of Government and semi government Financial Statistics Functional and monetary characterization of general government use Secondary gathering and arrangement of money related measurements

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Living Conditions Monitoring Branch Conducts the Living Conditions checking overview each other year Used for calculation of neediness appraisals and destitution maps Updating of CPI weights Direct estimation of Household Final Consumption Expenditure

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Data Sources National Accounts Branch The essential wellsprings of information for the accumulation of GDP include: Census of Agriculture Census of modern generation covering mining, assembling and power Census of Construction National Income Inquiry covering the administrations part The Government represents group, social and individual administrations and government last utilization use. The 1993/1994 Household Budget Survey (HBS) for assessing family unit last utilization use and the casual division. Imports and fares from the External Trade measurements and exchanges with whatever is left of the world from Balance of Payments insights.

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Data Sources Secondary hotspots for GDP aggregation: utilization of volume and value pointers Annual yield gauge and post-reap studies Quarterly record of modern generation Consumer Price Index Turnover from VAT enroll

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Data Sources External Trade measurements Main information source is traditions information from the traditions and practice division. Non-Customs sources (e.g. power and unrefined petroleum) Monthly overview of real shippers and exporters for information check Industrial Production insights Data acquired straightforwardly from an example of foundations in 4 territories (for the quarterly Index of Industrial Production)

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Data Sources Prices measurements About 15, 000 value citations got on a month to month premise from almost 2, 000 retail outlets all through the nation Public Finance insights Data got from yearly money related reports on wage and use of government, and semi government establishments

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Data Sources Living Conditions Statistics Data got specifically from family unit studies Indicator observing review directed like clockwork Longitudinal study with HBS module to be led at regular intervals

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Compilation strategies Economic measurements arrangement in light of globally perceived systems 1968 & 1993 SNA, BPM5, 2001 GFS Manual, and so on. Groupings utilized include: ISIC Rev. 3, HS, SITC Rev. 3, COFOG, COICOP Plans are in progress to actualize ISIC Rev. 4 for the up and coming Economic Census, COICOP for CPI

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Dissemination The Monthly announcement, discharged each and every Thursday of the month through a press preparation Monthly CPI official statements Website: Publications: External Trade, National Accounts Soft duplicates in response to popular demand

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Users are welcome to scattering for a User-maker workshops held before reviews are completed to accept their worries Mixed responses Some clients are extremely strong Statistics may even now be misjudged, so some express disappointment

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Shortcomings in NA gathering Remote benchmark year (1994) Outdated weights for deflators No fitting volume pointers for exchange, business and individual administrations There are a great deal of little scale administrators in these ventures Coverage of casual segment was just at the benchmark year No present value gauges for private utilization; inferred excessively

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Shortcomings For External Trade: Quantity information from traditions sources poor No Trade files delivered (e.g. unit esteem files, unit value records) because of poor amount/value information. Modern Production Census of Industrial Production not directed frequently Outdated weights Public Finance Poor scope of nearby government part

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Shortcomings Prices: Outdated weights (1994)

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Industry The arrangement utilized for ventures is the ISIC rev. 2 Rev. 3 was executed when the 2003 venture studies were completed [yet to be incorporated] For the Economic Census, rev. 4 will be utilized

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Industry GDP is accounted for utilizing three noteworthy divisions: Primary Secondary, and Tertiary Under the essential part: Agriculture, ranger service and angling Mining and quarrying

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Industry Under the auxiliary segment Manufacturing Construction Under the tertiary segment Trade Hotels, bars and eateries Transport and interchanges Financial intermediation and protection Real home and business administrations Community, social and individual administrations

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Agriculture Primary information source: Census of Agriculture Secondary information source: Annual Crop anticipating study & Post gather study Agriculture season: Oct 1 – 30 th Sep Output recorded in the time of reap Broken down into harvests, domesticated animals and vegetables & natural products Weights: Crops (60%); animals (30%); organic products & vegetables (10%)

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Forestry & Fishing Data on ranger service acquired from the Department of Forestry Number of logs in cubic meters Alternate sources: Forestry foundations Data on fish gets in metric tons got from 11 noteworthy angling zones the nation over

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Mining and quarrying Industry separated into metal mining and Other mining and quarrying Metal mining comprises of copper and cobalt creation Other mining incorporates coal mining and stone quarrying Mineral fare list utilized as deflator

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Manufacturing Data got from Census of Industrial Production and the quarterly Index of Industrial Production Scope: Food, drinks and tobacco Textiles, dress & footwear Wood and wood items Paper & paper items Chemicals, elastic & plastics Non-metallic mineral items Basic metal items Fabricated metal items

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Electricity & Water KWh of power created by ZESCO-possessed & Lunsemfwa hydro control stations Main, small hydro and diesel stations Hydro stations create 99 % of aggregate power Water information from NWASCO (Water administrative body)

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Construction Primary information source: Census of Construction Secondary markers: Input pointers used to gauge yield Cement deals Stone quarrying Index of building materials utilized for flattening

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Trade, Business & Personal Services No immediate markers utilized for these segments Trade industry expect yield from Agriculture, assembling and imports of utilization merchandise are discarded through exchange Business administrations takes after an indistinguishable pattern from Trade Personal administrations take after an indistinguishable pattern from Business Services

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Hotels & Restaurants Bed inhabitance rates utilized; got from the Ministry of Tourism Bars and eatery information got by implication from the Food, Beverages and Tobacco sub-segment under Manufacturing

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Transport & Communications Transport separated into: Rail transport (information on number of travelers & tonnage of haulage got from 2 firms) Road and pipeline transport (traveler & freight pulled; enlisted open administration vehicles) Air transport (travelers setting out & dis