Implementation of 2008 SNA
AEG Meeting on National Accounts
May 28-31, 2013
Luxembourg
Implementation of 2008 SNA
The UNSD in collaboration with ECLAC,
and CARICOM held a
seminar on
“Developing a Programme for the
Implementation of the 2008 SNA and
Supporting Statistics” in Jamaica from
January 28 – February 1, 2013
for
CARICOM Countries
STATSCAN & CARTAC also present
Implementation of 2008 SNA
 The programme consisted of a national
and regional segment
 National segment – focused on Jamaica’s
strategy for the implementation
 Participants from the central bank, Ministry
of Finance and the Planning Institute of
Jamaica, some main data providers
Implementation of 2008 SNA
 Expressed their immediate and medium term
policy issues to be monitored using macro
economic statistics
 Need for more detailed macro-economic data
with higher frequency.
 Integrated sequence of accounts and balance
sheets with from-whom-to-whom perspective
in order to meet the needs of the macro
prudential and financial stability regulations
Implementation of 2008 SNA
 Tourism Satellite Account
 Trade in Services Statistics
Implementation of 2008 SNA
 Jamaica is also planning to subscribe to
the IMF’s Special Data Dissemination
Standard (SDDS)
 Need for improvement in the quality and
timeliness of the underlying data required
for compiling the macroeconomic accounts
of Jamaica
Implementation of 2008 SNA
 Review of the statistical capacity- strengths
& weakness
 Review of the data needs
 Review was guided by the regional work
programme
Requirements for Implementation
 Statement of Strategy was developed
 Regulatory & Institutional Framework
 Statistical Infrastructure
 Statistical Operations
Regulatory & Institutional Framework
• Jamaica has a decentralised statistics
system
 No coordination at the national level and
no standards throughout the system
 Statistics Act is currently being amended to
incorporate the establishment of a national
coordinating mechanism – Statistical
Commission, establish a NSS
Regulatory & Institutional
Framework
 Assessment of the capacity of the MDAs in
the production of official statistics and a
user needs gap analysis of both private &
public sectors
 Result Statistical Master Plan
 Implementation of 2008 SNA will
however not await the completion of the
NSS
Regulatory & Institutional
Framework
 Improvement in the coordination between
data providers and users is required.
 This will include meetings with agencies in
the compilation of statistics
 development of service level agreements
and MOUs with data providers
Regulatory & Institutional
Framework
• Restructuring the organization to make it
– more flexible as the demand for
statistical products increase
– To increase efficiencies in the business
processes
Statistical Infrastructure
 Upgrading of the statistical infrastructure ;
 To make it 2008 SNA compliant- The
first phase should cover Milestone 2 of
the 2008 implementation
 Quarterly GDP by expenditure
 Improvements to the national accounts
that were not undertaken in the last
major revision to the system.
Statistical Infrastructure
 Classification compliant- ISIC rev4
 The Balance of Payment prepared based
on the BPM6
 Scope of GFSM 2001
 Continuous improvement in the business
registers
• Increased use of administrative data
Statistical Infrastructure
 Maintain and expand the information &
communication technology infrastructure
Statistical Operations
• Compilation of estimates incorporating the
conceptual changes of the 2008 SNA. The
the new supply and use table will ensure
consistency of the data
• Given resource constraints not all
recommendations will be attempted
 Improvements to the national accounts that
were not undertaken in the last major
revision to the system
 Compilation of quarterly GDP by
expenditure
 Exhaustive measure of GDP – in
discussion with the IDB to fund an informal
sector study
Statistical Operations
• Improvement in the basic statistics used in
the national accounts such as the
Introduction of monthly production volume
and turnover index, expansion of PPI
• Household Expenditure Survey to be
undertaken in 2015
• Integration of BPM6 and 2008 SNA-related
surveys
Statistical Operations
• Back casting of estimates
• Institutional sector accounts
• Detailing sources and methods -metadata
• Dissemination policy to include advance
release calendar, revision policy,
• Electronic data collection system
introduced
Schedule for Implementation

The first phase will be completed in 2016
 Milestone 2 of the Minimum Required Data
Set
 Quarterly GDP by expenditure
 Improvements to the national accounts that
were not undertaken in the last major
revision to the system. This should also
lead to improvement in the coverage.
Schedule for Implementation
 Institutional sector accounts- gradual
introduction final set of accounts by 2020
 STATIN will not be able to implement the
full scope of the SNA
 No plans in the medium term to include the
financial accounts and balance sheets
Support for Implementation
 Training for staff- CARICOM and CARTAC
 Technical assistance
 Advocacy from IDP to stress importance of
these statistics to national governments