NBS The Progress of NBS Data Dissemination to OECD 13th NBS-OECD Workshop on National Accounts Haikou, 30 Nov. – 4 Dec. 2009 XU Yating Department of National Accounts of NBS Background It has experienced 4 years… • In November 2005, NBS and OECD initiated the discussion on China’s joining in the OECD data dissemination program. • In October 2006, NBS sent a professional person to visit OECD to study the feasibility of China’s participation in the program. • In September 2007, a presentation about data dissemination was made on the 11th NBS-OECD workshop held in Beijing. Background • In September 2008, expert from OECD visit NBS and made an agreement on the issues of data dissemination on the first stage. • In October 2008, issues on data dissemination were discussed again on the 12th NBS-OECD workshop held in Paris. • In May 2009, Department of National Accounts of NBS officially started to fill in OECD Questionnaire. Current situation and Progress on Data Dissemination Started from Frequency Content Factbook Oct. 2007 Annually Including 11 indicators: GDP, GDP per capita, value-added by industry, fixed capital information, etc. MEI 2002 Monthly Including GDP and its growth rate of China. Table 0101: Gross value added at basic prices and gross domestic product at market prices Table 0102: OECD May 2009 Questionnaire Annually GDP from the expenditure side Table 0107: Disposable income, saving, net lending/borrowing Table 0110: Population and employment Quarterly Table 0101 OECD Questionnaire Principle in filling in the Questionnaire: • Provide existing data As for the differences in classification, evaluation and accounting method, instead of any further adjustment, we provide explanations by footnotes. • Advancing the program step by step We will provide data that is published in Year Book of China. OECD Questionnaire ——Annual National Accounts NO. 0101A Year 20042006 Price Indicator Existing Issues Value-added at production side: Difference in Current& Agriculture, Industry, Construction, Retail & Classification; Constant Wholesale, Finance, Real estate and Difference Price Business service, Other Service; FISIM. 19782006 GDP at expenditure side, Household Finale Consumption Expenditure, Government Finale Current Consumption Expenditure, Gross Fixed Capital Formation, Goods and Service Import and Export 0107A 20042005 GDP, Primary Income from/to aboard, GNI, Current Transfer from/to Aboard, Fixed Capital Net Disposable National Income, Consumption is Current Finale Consumption Expenditure, included in Operating Capital Transfer from/to Aboard, surplus Net lending/borrowing 0110A 19702006 0102A Total population Difference in Classification; Data at constant price is still on the test stage. OECD Questionnaire ——Quarterly National Accounts At present, NBS could only provide quarterly data of GDP at production side. NO. Name Year Price Indicator Existing Issues Value-added by Without Season industry:Agriculture, Gross ValueAdjustment; Industry, Wholesale & added at basic 1992Q1Accumulated data; 0101NV Current Retail, Finance, Real price and GDP 2008Q4 Price; estate, business at market price Industry Classification; service and Other Without FISIM allocation. Services. Growth rate of 1992Q10101NQ Value-added Constant The same as above 2008Q4 and GDP The same as above Looking Forward • Take the data provision as a regular work of NBS in the future. • Provide the published data in time. • Data of 2008 will be provided after the Second Economic Census data is published. • Further enhance the communication and cooperation on data sharing between NBS and OECD. Thank you for your attention!