exports and imports in the philippine system of national accounts (psna)
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Exports and Imports in the Philippine System of National Accounts (PSNA). Presented by Mark Rex S. Romaraog Statistical Coordination Officer IV National Statistical Coordination Board. International Workshop on Measuring GDP by Final Demand Approach 25-27 April 2011, Shenzhen, China. - PowerPoint PPT PresentationTRANSCRIPT
NATIONAL STATISTICAL COORDINATION BOARD
International Workshop on Measuring GDP by Final Demand ApproachMRSRomaraog/25-27 April 2011
Exports and Imports in the Philippine System of National
Accounts (PSNA)
International Workshop on Measuring GDP by Final Demand Approach
25-27 April 2011, Shenzhen, China
Presented byMark Rex S. Romaraog
Statistical Coordination Officer IVNational Statistical Coordination Board
NATIONAL STATISTICAL COORDINATION BOARD
International Workshop on Measuring GDP by Final Demand ApproachMRSRomaraog/25-27 April 2011
2
I. Introduction
Outline of the Presentation
II. Exports and Imports in the PSNA
A. Scope and Coverage
B. Sources of Basic Data
C. Estimation Methodology
D. Some Statistics
NATIONAL STATISTICAL COORDINATION BOARD
International Workshop on Measuring GDP by Final Demand ApproachMRSRomaraog/25-27 April 2011
I. Introduction
• The PSS is a decentralized statistical system
• Many government agencies generate statistics
National Statistics OfficeBureau of Agricultural StatisticsBureau of Labor & Employment StatisticsCentral Bank of the PhilippinesOther government agencies
• Need for a coordinating agency – the National Statistical Coordination Board
1. About the Philippine Statistical System (PSS)
NATIONAL STATISTICAL COORDINATION BOARD
International Workshop on Measuring GDP by Final Demand ApproachMRSRomaraog/25-27 April 2011
I. Introduction
• Created the National Statistical Coordination Board (NSCB) as the highest policy-making and coordinating body on statistical matters in the country
Executive Order (EO) 121 – January 30, 1987Reorganizing the Philippine Statistical System and for Other Purposes
1. About the Philippine Statistical System (PSS)
NATIONAL STATISTICAL COORDINATION BOARD
International Workshop on Measuring GDP by Final Demand ApproachMRSRomaraog/25-27 April 2011
I. Introduction
• Coordination services Inter-agency concerns Survey review system Designation of statistics Subnational statistical system (10 out of 17
regions have regional offices)
• Online statistical service - http://www.nscb.gov.ph
• National Statistical Information Center – a one-stop shop of statistical information in the Philippine Statistical System
Our Services
2. About the Philippine National Statistical Coordination Board (NSCB)
NATIONAL STATISTICAL COORDINATION BOARD
International Workshop on Measuring GDP by Final Demand ApproachMRSRomaraog/25-27 April 2011
I. Introduction
• Statistical Policies
• Official Poverty Statistics Poverty Threshold Poverty Incidence
• Environmental Accounts
• Philippine Statistical Yearbook, Regional Social and Economic Trends, Countryside in Figures
• National Accounts of the Philippines GDP, GNP, Income and Outlay Accounts,
Regional Accts, Input-Outputs Tables, Satellite Accounts
Some of Our Products
2. About the Philippine National Statistical Coordination Board (NSCB)
NATIONAL STATISTICAL COORDINATION BOARD
International Workshop on Measuring GDP by Final Demand ApproachMRSRomaraog/25-27 April 2011
I. Introduction
The compilation of the PSNA is a mandate under EO 121 (Reorganizing and Strengthening of the Philippine Statistical System (PSS) and for other purposes) and is a designated activity under EO 352 (Designation of Statistical Activities that will Generate Critical Data for Decision-Making of the Government and Private Sector) as one of the functions of the National Statistical Coordination Board (NSCB).
3. Compiling the PSNA
NATIONAL STATISTICAL COORDINATION BOARD
International Workshop on Measuring GDP by Final Demand ApproachMRSRomaraog/25-27 April 2011
Measurement of GDP
Three approaches in GDP Measurement
1. Income Approach, GDP (I)
2. Production Approach, GDP (P)
3. Expenditure Approach, GDP (E)
I. Introduction
3. Compiling the PSNA
Currently GDP is 1985-based and a new base year (2000) will be released in May 2011
NATIONAL STATISTICAL COORDINATION BOARD
International Workshop on Measuring GDP by Final Demand ApproachMRSRomaraog/25-27 April 2011
Income Production ExpenditureFrequency of Estimation
Annual Quarter Annual Quarter Annual
Geographic Coverage
National
National
National/
Regional
National National/ Regional
Schedule of Releases
June May (Q1), Aug (Q2), Nov
(Q3) & Jan (Q4)
Nat: Jan & May
Reg: June
May (Q1), Aug (Q2),
Nov (Q3) & Jan (Q4)
Nat: Jan & May
Reg: July
I. Introduction
3. Compiling the PSNA
NATIONAL STATISTICAL COORDINATION BOARD
International Workshop on Measuring GDP by Final Demand ApproachMRSRomaraog/25-27 April 2011
II. Exports and Imports in the PSNA
GDP by Type of Expenditure: 2009 at Constant Prices
80.5%
31.6%
8.8% 8.5% 7.3% 7.1%1.2% -0.3%
-3.3%
-40.1%
-60.0%
-40.0%
-20.0%
0.0%
20.0%
40.0%
60.0%
80.0%
100.0%
PCE EOG CNS EOS DEQ GCE BSOD CIS IOS IOG
NATIONAL STATISTICAL COORDINATION BOARD
International Workshop on Measuring GDP by Final Demand ApproachMRSRomaraog/25-27 April 2011
II. Exports and Imports in the PSNA
Scope and Coverage Exports and imports of goods and services consist mainly of transactions between the residents of a given country and the rest of the world These transactions are categorized into:
1. Goods
2. Services
NATIONAL STATISTICAL COORDINATION BOARD
International Workshop on Measuring GDP by Final Demand ApproachMRSRomaraog/25-27 April 2011
II. Exports and Imports in the PSNA
Scope and Coverage
1. Goods
Exports ImportsMonetization of GoldMerchandise Exports Merchandise Imports - 22 Principal Merchandise Exports
- 15 Principal Merchandise Imports
- Others - Others- Imports on Consignment
NATIONAL STATISTICAL COORDINATION BOARD
International Workshop on Measuring GDP by Final Demand ApproachMRSRomaraog/25-27 April 2011
II. Exports and Imports in the PSNA
Scope and Coverage
2. Services
Exports ImportsTransportation TransportationInsurance InsuranceTravel TravelGovernment GovernmentMiscellaneous Services Miscellaneous Services
NATIONAL STATISTICAL COORDINATION BOARD
International Workshop on Measuring GDP by Final Demand ApproachMRSRomaraog/25-27 April 2011
II. Exports and Imports in the PSNASources of Basic Data
Exports ImportsGoods Foreign Trade
Statistics (Philippine National Statistics Office(NSO))
Foreign Trade Statistics (Philippine National Statistics Office(NSO))
Balance of Payment (Central Bank of the Philippines(BSP))
Services Balance of Payment (Central Bank of the Philippines(BSP))
Balance of Payment (Central Bank of the Philippines(BSP))
Visitors Sample Survey (Department of Tourism (DOT))
Travel Tax (Philippine Tourism Authority (PTA))
NATIONAL STATISTICAL COORDINATION BOARD
International Workshop on Measuring GDP by Final Demand ApproachMRSRomaraog/25-27 April 2011
II. Exports and Imports in the PSNAEstimation Methodology
1. GoodsAt Current Prices
FTS are adjusted for national accounts purposes by deducting (i) replacements and goods returned to the country when exported/imported (ii) articles temporarily exported/imported, and (iii) replacements and goods returned to the country when imported/exported
Monetization of Gold is estimated using BOP data from the BSP
NSO
FTSEXPORTS IMPORTS
Free on Board (FOB) In USD
Cost, Insurance & Freight (CIF)
In USDMidpoint Peso-Dollar Exchange
RateFree on Board (FOB) In Php
Cost, Insurance & Freight (CIF)
In Php
NATIONAL STATISTICAL COORDINATION BOARD
International Workshop on Measuring GDP by Final Demand ApproachMRSRomaraog/25-27 April 2011
II. Exports and Imports in the PSNAEstimation Methodology
1. GoodsAt Constant Prices
Exports ImportsDeflation method using the corresponding export unit value index as computed in the FTS
Deflation method using the corresponding import unit value index as computed in the FTS
NATIONAL STATISTICAL COORDINATION BOARD
International Workshop on Measuring GDP by Final Demand ApproachMRSRomaraog/25-27 April 2011
II. Exports and Imports in the PSNAEstimation Methodology
1. ServicesAt Current Prices
Exports of Travel Services are estimated using the data on tourist receipts from the Department of Tourism (DOT)
Imports of Travel Services are derived from constant using the data on Travel Tax Payment from the Philippine Tourism Authority (PTA)
BSP
BOPEXPORTS IMPORTS
Exports Service Item
In USD
Imports Service Item In USD
Midpoint Peso-Dollar Exchange
RateExports
Service Item In Php
Imports Service Item In Php
NATIONAL STATISTICAL COORDINATION BOARD
International Workshop on Measuring GDP by Final Demand ApproachMRSRomaraog/25-27 April 2011
II. Exports and Imports in the PSNAEstimation Methodology
1. ServicesAt Constant Prices
Exports ImportsDeflation method using relevant price index (CPI and WPI)
Deflation method using the weighted average CPI of selected trading partners of the Philippines adjusted for relevant exchange rates.
NATIONAL STATISTICAL COORDINATION BOARD
International Workshop on Measuring GDP by Final Demand ApproachMRSRomaraog/25-27 April 2011
II. Exports and Imports in the PSNASome Statistics
Exports and Imports Percent Distribution At Constant Prices: 2009
78.9%92.3%
21.1%7.7%
0%
10%
20%
30%
40%
50%
60%
70%
80%
90%
100%
Exports ImportsGoods Services
NATIONAL STATISTICAL COORDINATION BOARD
International Workshop on Measuring GDP by Final Demand ApproachMRSRomaraog/25-27 April 2011
II. Exports and Imports in the PSNASome Statistics
Top 5 Principal Exported Goods At Constant Prices: 2009
11.5% 11.2%
6.7%
2.5%1.6%
0.0%
2.0%
4.0%
6.0%
8.0%
10.0%
12.0%
14.0%
Semiconductorsand ElectronicMicrocircuits
Finished ElectricalMachinery
Garments Crude Coconut Oil Cathodes & Sectionof Cathodes, ofRefined Copper
NATIONAL STATISTICAL COORDINATION BOARD
International Workshop on Measuring GDP by Final Demand ApproachMRSRomaraog/25-27 April 2011
II. Exports and Imports in the PSNASome Statistics
Top 5 Principal Imported Goods At Constant Prices: 2009
15.8%
9.8%9.0%
4.1% 3.4%
0.0%
2.0%
4.0%
6.0%
8.0%
10.0%
12.0%
14.0%
16.0%
18.0%
ElectricalMachinery,Apparatus
andAppliances
MineralFuels,
Lubricantsand Related
Materials
MachineryOther ThanElectrical
Machinery
Cereals andCereal
Products
ChemicalElements
andCompounds
NATIONAL STATISTICAL COORDINATION BOARD
International Workshop on Measuring GDP by Final Demand ApproachMRSRomaraog/25-27 April 2011
II. Exports and Imports in the PSNASome Statistics
Exports and Imports of Services Percent Distribution At Constant Prices: 2009
53.6%
33.9%
10.4%
1.7% 0.5%
34.0%
39.7%
21.2%
4.5%0.5%
0.0%
10.0%
20.0%
30.0%
40.0%
50.0%
60.0%
Miscellaneousservices
Travel Transportation Government InsuranceExports Imports
NATIONAL STATISTICAL COORDINATION BOARD
International Workshop on Measuring GDP by Final Demand ApproachMRSRomaraog/25-27 April 2011
23
REFERENCES
• NSCB, Philippines, Manual on the Philippine System of National Accounts: Framework, Sources and Methods
• NSCB, Philippines, various National Accounts presentations
• NSCB Websites• NSCB, Philippines, National Accounts Publication
NATIONAL STATISTICAL COORDINATION BOARD
International Workshop on Measuring GDP by Final Demand ApproachMRSRomaraog/25-27 April 2011
24
Maraming Salamat po!
URL: http://www.nscb.gov.phe-mail: [email protected]