key to abbreviations

169 Pages·2016·1.59 MB·English

Published in February 2016 by the

Fiji Bureau of Statistics
P O Box 2221
Government Buildings
Suva
Fiji

Compilation Guide: Gross Domestic Product: Production Approach [Base: 2011 = 100.0]

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REPRODUCTION OF MATERIAL

Any table or material published in this report may be reproduced
and published without the Fiji Bureau of Statistics’ prior
approval. However, the source of information should always be
identified and acknowledged in all modes of presentation.

Compilation Guide: Gross Domestic Product: Production Approach [Base: 2011 = 100.0]

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USP Library Cataloguing-in-Publication Data

Compilation guide : gross domestic product ; production approach
[Base: 2011 = 100.0]. -- Suva, Fiji : Bureau of Statistics, 2016.
167 p. ; 29 cm.
ISBN 978-982-510-051-5
1. Gross domestic product--Fiji. 2. Fiji--Economic conditions--Statistics
I. Fiji. Bureau of Statistics.
HC685.5.G76 2016
339.39611--dc23

© Fiji Bureau of Statistics

Printer:

Enquiries

Fiji Bureau of Statistics
Ratu Sukuna House
Mac Arthur Street
Suva
Fiji

P O Box 2221 Telephone: [679] 3315822
Government Buildings Fax No. [679] 3303656
Suva E-mail: [email protected]
Fiji Website: www.statsfiji.gov.fj

Compilation Guide: Gross Domestic Product: Production Approach [Base: 2011 = 100.0]

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PREFACE

A GDP Rebase exercise means measuring the economy better as it accounts for structural
changes in economic activities and base prices. The UN Statistical Commission recommends that
GDP be rebased every five years.

This Compilation Guide provides information on how the Gross Domestic Product (GDP) of Fiji
was re-based (using the Production Approach) from 2008=100.0 to 2011=100.0; it further
elaborates on how the later series were derived up to 2013 with the base 2011=100.0.

The guide provides methodological summaries and examples solely with the aim to educate
users of current and constant GDP. The data contained in this report will also be of assistance to
policy makers, researchers, analysts and international organizations.

My sincere gratitude goes to the Economic Statistics Division of the Fiji Bureau of Statistics
(FBoS), in particular Mr. Bimlesh Krishna, Ms Amelia Tungi and their team, for successfully
completing this massive compilation exercise despite other development works. I would also like
to acknowledge the support provided by the following individuals without whom this exercise
would not have been possible:

Mr. Gregory Legoff, the then IMF Real Sector Statistics Advisor at the Pacific Financial
Technical Centre for his views on some aspects of the compilation.

Mr. Russel Freeman, the current IMF Real Sector Statistics Advisor at the Pacific Financial
Technical Centre for his views on some aspects of the compilation.

Last but not the least the Information Dissemination Division Team, of FBoS, without whom the
data would not have been processed.

My sincere appreciation to the Government, the Business Community and to all the Households
for providing FBoS the data needed for the study. I look forward for your continued support.

Your views and comments on the compilation are most welcome. They will certainly assist in
our next study planned for the year 2014 and will be completed in 2018.

Epeli Waqavonovono
Government Statistician

Compilation Guide: Gross Domestic Product: Production Approach [Base: 2011 = 100.0]

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NOTES

1 Informal Activities/Sector does not comprise compensation of employees, instead they
have mixed income, which comprises compensation of employees and profit/surplus and
the figure reported as operating surplus in this report.

2 Government services and public enterprises have been disaggregated according to the
type of activity e.g. education, health, etc and separately computed and classified under
the pertinent industry group.

3
The interpretation of the symbols used in this report are as follows:

0 Nil return or a figure less than half the given value
FJD Millions Expressed in Million Fiji Dollars

4 Total values are subject to rounding errors.

5 Value Added in the report Refers to Gross Value Added

6 not applicable

Compilation Guide: Gross Domestic Product: Production Approach [Base: 2011 = 100.0]

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KEY TO ABBREVIATIONS
In alphabetical order:

Abbreviation Terms

∆ in Stock Change in Stock
BBQ Barbeque
BPM6 Balance of Payments Manual, 6th Edition
BMPI Building Material Price Index
CFC Consumption of Fixed Capital
COE Compensation of Employees
ESCAP Economic and Social Commission for Asia and the Pacific
FBoS Fiji Bureau of Statistics
FJD Fiji Dollar
FSIC Fiji Standard Industrial Classification
COFOG Classification by Function of Government
COICOP Classification of Individual Consumption According to Purpose
CPI Consumer Price Index
CPV Current Price Value
EA Enumeration Area
EUS Employment and Unemployment Survey
FISIM Financial Intermediation Services Indirectly Measured
FRCA Fiji Revenue and Customs Authority
GDP Gross Domestic Product
GFCE Government Final Consumption Expenditure
GFCF Gross Fixed Capital Formation
GO Gross Output
Hhld/hh Households
HIES Household Income and Expenditure Survey
IC Intermediate Consumption
ICT Information, Computer and Telecommunication
ISIC International Standard Industrial Classification
IMF International Monetary Fund
IPI Industrial Production Index
KPV Constant Price Value
KWH Kilowatt-hour
M Import
MI Mixed Income
MMF Money Market Funds
MPS Material Product System
n.e.c. Not elsewhere classified
OS Operating Surplus
PFCE Private Final Consumption Expenditure
PWD Public Works Department
SDR Special Drawing Right
SEG Standard Expenditure Groups
SNA System of National Accounts
UN United Nations
UNSC United Nations Statistical Commission
VA Gross Value Added
VAT Value Added Tax
X Export
Compilation Guide: Gross Domestic Product: Production Approach [Base: 2011 = 100.0]

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CONTENTS

1. Introduction......................................................................................................................10
Fiji Gross Domestic Product..............................................................................................11
The 2011 Weights..............................................................................................................12
2011 GDP Rebase Release.................................................................................................29

2. Data Sources and Indicators Used.................................................................................36
Agriculture.........................................................................................................................36
Fishing...............................................................................................................................46
Forestry..............................................................................................................................51
Mining and Quarrying........................................................................................................54
Manufacturing....................................................................................................................56
Electricity...........................................................................................................................76
Water Supply and Sewerage..............................................................................................77
Construction.......................................................................................................................78
Wholesale and Retail Trade...............................................................................................82
Transport and Storage........................................................................................................90
Accommodation and Food Services..................................................................................95
Information and communication........................................................................................97
Financial and Insurance Activities...................................................................................101
Real Estate Activities.......................................................................................................104
Professional, Scientific and Technical Activities............................................................106
Administrative and Support Service Activities................................................................110
Public Administration and Defence.................................................................................114
Education.........................................................................................................................117
Human Health and Social Work Activities......................................................................119
Arts, Entertainment and Recreation.................................................................................121
Other Services Activities.................................................................................................124

3. Appendices......................................................................................................................125
Appendix 1 Calculation of value added of central government......................................128
Appendix 2 Calculation of informal using labour input method.....................................129
Appendix 3 Calculation of FISIM...................................................................................130
Appendix 4 System of National Accounts.......................................................................131
Appendix 5 Household Income and Expenditure Survey................................................149
Appendix 6 Employment and Unemployment Survey....................................................151
Appendix 7 Concepts and Definitions.............................................................................156
Appendix 8 GDP Rebase 1968........................................................................................158
Appendix 9 GDP Rebase 1977........................................................................................159
Appendix 10 GDP Rebase 1989......................................................................................161
Appendix 11 GDP Rebase 1995......................................................................................162
Appendix 12 GDP Rebase 2005......................................................................................165
Appendix 13 GDP Rebase 2008......................................................................................166
Appendix 14 General Government Classification...........................................................167
Appendix 15 A Comparison of Business Accounts and National Accounts...................168

Compilation Guide: Gross Domestic Product: Production Approach [Base: 2011 = 100.0]

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4. List of Tables...................................................................................................................14
Table 1 2011 Production Account at Current Prices.........................................................14
Table 2 Gross Domestic Product at Current Basic Prices..................................................29
Table 3 Comparison of 2011 Weights with 2008 Weights................................................30
Table 4 Gross Domestic Product by Activity at 2011 Constant Basic Price.....................32
Table 5 GDP by Industry by Market and Non-Market......................................................33
Table 6 GDP by Industry by Formal and Informal............................................................34
Table 7 Summary of Methods and Deflators by Industry..................................................35

Compilation Guide: Gross Domestic Product: Production Approach [Base: 2011 = 100.0]

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INTRODUCTION

The structure of the Fijian economy is continually changing. Commodities and industries
consequential today become less vital over time. New industries emerge and give rise to new
commodities and services. All these changes taking place in the Fijian economy need to be
monitored and accounted for so that Fiji’s economic performance can be measured reliably.

The core macroeconomic statistics that measures the Fijian economy is the GDP.

The three ways of compiling the GDP are:
 Production Approach
 Income Approach
 Expenditure Approach

Production Approach

GDP by the production approach is equal to the value of all goods and services produced in the
economy (i.e. output) less the value of all goods and services used in the production process (i.e.
intermediate consumption) plus taxes less subsidies on product. For industries where services are
delivered by the General Government e.g. Education, the Value Added is calculated as the sum
of the wages and salaries paid and consumption of fixed capital due to the absence of a
significant market price on such outputs.

Income Approach

GDP by the income approach is obtained by summing up income generated in the domestic
economy i.e. Compensation of Employees (COE) + Gross Operating Surplus (OS) + Net Taxes
on Production and Imports.

Expenditure Approach

GDP by the expenditure approach is obtained by summing up expenditure of final users of the
goods and services in the economy i.e. Private Final Consumption Expenditure (PFCE) +Non
Profit Institutions Serving Household (NPISH) + Government Final Consumption Expenditure
(GFCE) + Gross Fixed Capital Formation (GFCF) + Change in Stocks (∆ in Stock) + Exports
(X) – Imports (M).

Compilation Guide: Gross Domestic Product: Production Approach [Base: 2011 = 100.0]

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