NATIONAL ACCOUNTS OF PAKISTAN by Syed Raisul Hasan Chief S.O.
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Transcript of NATIONAL ACCOUNTS OF PAKISTAN by Syed Raisul Hasan Chief S.O.
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NATIONAL ACCOUNTS OF NATIONAL ACCOUNTS OF PAKISTANPAKISTAN
bybySyed Raisul HasanSyed Raisul Hasan
Chief S.O.Chief S.O.
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National Accounts StatisticsNational Accounts Statistics
The system of National Accounts Consists of coherent, consistent and integrated
set of macroeconomic accounts based on internationally agreed concepts, definitions, classifications & accounting rules
Provides a comprehensive accounting framework within which economic data is compiled for economic analysis, decision making and policy options
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PURPOSE OF NATIONAL ACCOUNTS
• Monitoring structural changes and business cycles
• Enabling International Comparison
• Adopting concepts and frames for the economic statistics
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NATIONAL ACCOUNTS FRAMEWORKNATIONAL ACCOUNTS FRAMEWORK Regular Activities
GDP/GNP (FC) by industrial originExpenditure on GNP (MP)GDP implicit deflator – a measure of inflationEstimates of GFCF (MP) by industrial origin
for private & public and general governmentComposition of general government current
consumption expenditure Other Activities
Input-Output Tables
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ESTIMATION OF GDP/GNPESTIMATION OF GDP/GNP GDP(FC): Gross Domestic Product (GDP) is
the market value of all final goods and services produced at factor cost (FC) in the economy during a
particular period
GDP (MP) = GDP (FC) + Net Indirect Taxes GNP (FC) = GDP (FC) + Net Factor Income
(NFI) from abroad. GNP (MP) = GNP (FC) + Net Indirect Taxes
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ESTIMATION APPROACHESESTIMATION APPROACHES
i) Production Approach
ii) Income /Cost Approach
iii) Expenditure Approach
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GROSS FIXED CAPITAL GROSS FIXED CAPITAL FORMATION (GFCF)FORMATION (GFCF)
The GFCF comprises of expenditure incurred on the acquisition of fixed assets; replacements, additions and major improvement of fixed capital viz. land improvement, buildings, civil and engineering works, machinery, transport equipment and furniture and fixture.These estimates are prepared separately for private and public sectors by economic activity as well as by capital assets.
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04/19/2318
CROPSCROPSComposition Major crops Minor crops
Rice, Wheat, Cotton, Sugarcane, Gram, Maize, etc.Pulses, Vegetables, Fruits, Oil seeds, Condiments, etc.
Intermediate Consumption
Seeds, Fertilizer, Pesticides, Water, Transport Charges, etc.
Sources Provincial Agriculture & Irrigation Departments, IRSA, WAPDA,Federal Directorate of Fertilizer, Pesticides Association, etc.
Gross Value Added
Value of output including by-products (minus) Intermediate consumption
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04/19/2319
LIVESTOCKLIVESTOCKComposition Cattle and their products
Poultry and their products
Intermediate Consumption
Roughages (green and dry), Concentrates (Grains, Oilcakes), Grass & Grazing, salt, Medicines, etc.
Sources Livestock Division,Agriculture Census Organization, Pakistan Poultry Association etc.
Gross Value Added
Value of output including by-products (minus) Intermediate consumption
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04/19/23110
FISHINGFISHINGComposition Marine Inland
Fish, Prawn, Shrimps, crabs, etc. from:Ocean, Coastal and Offshore water, Fish farms, Rivers, Canals, Lakes, Ponds, and inundated tracts, etc.
Intermediate Consumption
Salt, Ice, Fuel & Lubricants, Medicines, Chemicals, etc.and Auction Charges.
Sources Marine Fisheries Department,Provincial Fisheries Departments.Federal Bureau of Statistics.
Gross Value Added
Value of output (minus) Intermediate consumption
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04/19/23111
FORESTRYFORESTRYComposition Timber, Firewood, Ephedra, Grass &
Grazing, Resin, Medicinal herbs, and other Minor Forest Products/Output.
Intermediate Consumption
Seeds, plantation, fertilizer, etc.
Sources Federal Inspectorate General of Forests.Provincial Forest Departments.
Gross Value Added
Value of output (minus) Intermediate consumption
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04/19/23112
MINING & QUARRYINGMINING & QUARRYINGComposition Crude oil, Natural Gas, Coal including
other minerals, e.g. Rock Salt, Lime Stone, Dolomite, Gypsum, Fire clay, Phosphate, Marble, and Surface Minerals.
Intermediate Consumption
Blasting Material, Fuel and Lubricants, etc.
Sources Ministry of Petroleum and Natural Resources, OGDC, Occidental, Pirkoh, Mari Gas, Coal and other Mineral Establishments, Provincial Mineral Departments
Gross Value Added
Value of output (minus) Intermediate consumption
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04/19/23113
LARGE-SCALE MANUFACTURINGLARGE-SCALE MANUFACTURINGComposition Food, Beverages, Tobacco, Textile,
Leather, Wood & Wood Products, Paper & Boards, Chemicals,Pharmaceutical, Petroleum, Metal, Engineering, Electrical, Automobileand other Industrial products/groups.
Sources Ministry of Industries, OCACCentral Board of Revenue,Provincial Bureaux of Statistics,Federal Bureau of Statistics.
For projecting growth rate, Quantum Index of Manufacturing (QIM) is computed based on production data of 100 items having 75.07% weight (bench-mark 1999-2000) of Large Scale Manufacturing Sector.
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04/19/23114
SMALL-SCALE MANUFACTURINGSMALL-SCALE MANUFACTURING
Composition All un-registered small and household manufacturing establishments
Benchmark Estimates of Gross Value Added
Based on special study and SHMISurveys.
Annual Growth 7.51 % based on Study on SSMI 1999-2000
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04/19/23115
CONSTRUCTIONCONSTRUCTIONComposition All major construction activities including
repairs, additions/alterations, Land Improvement; Buildings; Roads, Bridges, Streets; Highways; Runways; Transport & Railway Tracts; Telephone, Power, Gas, Oil, Utility lines; Canals; Dams; Harbour, Barrages, etc.
Sources Federal, Provincial & Local Bodies,Development Authorities, major Public& Private Construction Establishments,Federal Bureau of Statistics.
Value added coefficients of Investment by kind of construction are multiplied to Investment made in that activity during the year. Value additions of all activities are summed up.
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04/19/23116
ELECTRICITY, GAS DISTRIBUTION & ELECTRICITY, GAS DISTRIBUTION & WATER SUPPLYWATER SUPPLY
Composition
Electricity, Gas distribution And Water supply
Intermediate Consumption
Furnace Oil, Gas, Water, etc.
SourcesElectricity
Gas
Water
WAPDA, KESC, KANUPP, Pak Steel, IPPs and Captive Power units.Sui Southern and Sui Northern Gas Cos., Mari Gas etc. IRSA, Provincial Irrigation Departments.
Gross Value Added
Value of Electric, Gas & Water Supply (plus) Misc. Receipts (minus) Industrial cost & Electricity/Gas purchases.
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04/19/23117
TRANSPORT, STORAGE & TRANSPORT, STORAGE & COMMUNICATIONCOMMUNICATION
Composition Railway, Air, Water, Road, PipelineTransport; Communications & Storage
Sources Pakistan Railways, PNSC, KPT, PQA,CAA, PIA & other Airlines. NTRC,Asia Petroleum, PARCO, etc. Ports,Boats, etc. Excise Departments, PTCL, PTV, Private Radio & TV, Courier Services, NLC, Town Committees (for Non-mechanized).
Gross Value Added
Value of output (plus) Misc. Receipts (minus) intermediate consumption
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04/19/23118
FINANCE & INSURANCEFINANCE & INSURANCEComposition State Bank of Pakistan,
Scheduled Banks, DFIs,Insurance Companies,Modaraba & Leasing Companies.
Sources State Bank of Pakistan,Scheduled Banks,Development Financial Institutions,Life and General Insurance Cos,Modarabas & Leasing Cos.
Gross Value Added
Value of output (plus) Misc. Receipts (minus) intermediate consumption
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04/19/23119
WHOLESALE & RETAIL TRADEWHOLESALE & RETAIL TRADE
Composition All Agricultural,Industrial Produce and Imports
Sources Provincial Governments,Federal Bureau of Statistics.
Value Added Total value of trade margins applied on the marketed portions of Agriculture and Industrial Output as well as Imports.
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04/19/23120
OWNERSHIP OF DWELLINGSOWNERSHIP OF DWELLINGS
Coverage
Housing Units (rented as well as self occupied) and in urban andrural areas.
Sources Housing Census & Rent Surveys
Value Added Gross Rentals (No. of Dwellings multiplied by average annual rent)
(minus) Value of current repairs
and maintenance.
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04/19/23121
PUBLIC ADMN. & DEFENCEPUBLIC ADMN. & DEFENCEComposition
Federal, Provincial and District Governmentsand Cantonment Boards.
Sources Budget documents of Federal, Provincial, District Governments, and Cantonment Boards.
Gross Value Added
Sum of the Wages & Salaries of all Civil and Defence Employees
(Plus)Depreciation on Govt. fixed assets
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04/19/23122
COMMUNITY, SOOCIAL & PRIVATE COMMUNITY, SOOCIAL & PRIVATE SERVICESSERVICES
Composition
Education, Health, Business(Accounting, Auditing, Advertising,Photography etc.), Recreation, Social,Personal & Domestic Services, etc.
Sources Ministry of Education, PMDC, PNC, PBA, PEC, ACA, PAA, PHA, etc.
Gross Value Added
Per Worker Value Added multiplied by Number of Workers
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MAIN WEAKNESSESMAIN WEAKNESSES Poor Response Extrapolations and Estimations Adoption of SNA 1993