Dealing with External Challenges in the Compilation of National Accounts: The Dutch Response Peter van de Ven Head of National Accounts Statistics Netherlands Major External Developments • Ongoing Budgetary Cutbacks – 30% since 1999 • Pressure to Decrease Respondent Burden – 60% in the period 1994-2002 – 25% in the period 2002-2006 – Ongoing Demands • Growing Availability of Register Data – Legal obligation (2004): no surveys possible if register data is available – Free access to administrations – Legal possiblities to match data files Major External Developments • Globalisation – Inconsistencies between statistics – Delineation of national economy • Growing Mobility of Personnel • Transparency and Reproducibility • Growing IT-possibilities • User Demands – – – – Focus on short term statistics Multi-dimensional policy issues Quickly changing needs for information Growing administrative use of NA-data Redesign of Economic Statistics • Integrated architecture + chain management: clearly defined ”resting points” in processing of data, from Business Register to NA • Production Statistics: – Mainly driven by administrative registers (VATregister and Register on employment and wages) => Note: Observation unit and matching – Restricted surveying of additional data: – Very limited annual survey (10-20 questions?) – Rolling review of input structure (once every 3-5 years?) – ProdCom Redesign of Economic Statistics • Separate processing of large and/or complex enterprises (250-500 enterprises?) • Integrated compilation of Structural Business Statistics (SBS) and Supply and Use Tables (SUT), based on: – Before-mentioned data – Data on government and financial corporations – Data on imports and final uses Redesign of NA (General Issues) • NA: clearly defined set of tasks based on ”resting points” – Translation to NA-concepts – Exhaustiveness – Integration of source data • Three (more internally oriented) projects: – Less Detailed SUT: from 260 * 850 => 150 * 500 – Dashboard – ”Quarter-machine” Redesign of NA (Dashboard) • Software system for prioritising inconsistencies and implausibilities • Based on predefined set of norms and standards • After solving major inconsistencies: automatic balancing • Goal: more top-down, less bottom-up; more efficient processing • At the moment: iterative process of implementation Redesign of NA (Quarter-machine) • Software system for: – Benchmarking quarterly data to annual data – Compiling annual estimates, based on quarterly NA-data plus newly available source data • Use of Denton Techniques • Relevant for the whole core-system of NA: SUT, Institutional Sector Accounts (ISA) and Labour Accounts (LA) • Complete change in focus, from annual to quarterly data Revision policy: now versus future • Present revision policy: – T+45 days: flash quarterly economic growth and employment – T+90 days: (revised) quarterly estimates for SUT, ISA and LA ---------------------------------------------------------------------– T+6 months: 1st provisional (autonomous) annual estimate – T+18 months: 2nd provisional (autonomous) annual estimate – T+30 months: definite (autonomous) annual estimate Revision policy: now versus future • Future revision policy: – T+45 days: flash quarterly economic growth and employment – T+90 days: (revised) quarterly estimates for SUT, ISA and LA – T+6 months: 1st annual estimate based on sum of 4 quarters plus newly available source data – T+18 months: 2nd annual estimate based on sum of 4 quarters plus newly available source data ---------------------------------------------------------------------– T+30 months: definite (autonomous) annual estimate Redesign (of NA): main goals • More efficient system • Less respondent burden • More transparent and reproducible system • Better quality, or at least no loss of quality: – Consistent recording of large enterprises – Full exploitation of register data – More top-down, less bottom-up • Improved ability to cope with mobility of personnel • Note: still a lot of work and problems ahead! Some concluding remarks • More international co-operation: – Exchange of best practices – Development of software tools for NAcompilation • ... • ...