Updates and amendments to the system of national accounts 1993 [electronic resource] PDF
Preview Updates and amendments to the system of national accounts 1993 [electronic resource]
ST/ESA/STAT/SER.F/2/Rev.4/Add.1 DepartmentofEconomicandSocialAffairs StatisticsDivision StudiesinMethods SeriesF/2.Rev.4,Addendum1 UpdatesandAmendmentstothe SystemofNationalAccounts,1993 UnitedNations,NewYork2004 TheDepartmentofEconomicandSocialAffairsoftheUnitedNationsSecretariatisavital interfacebetweenglobalpoliciesintheeconomic,socialandenvironmentalspheresandnational action.TheDepartmentworksinthreemaininterlinkedareas:(i)itcompiles,generatesandanalysesa widerangeofeconomic,socialandenvironmentaldataandinformationonwhichStatesMembersof tfahceilUintaitteesdthNeatnieognotsiadtriaownstoofrMeevimebwercoSmtamtoesninprmoablneymsintaenrdgotvoertnamkeentsatlocbkodoifespoolincyjoionptticoonusr;se(sli)oift actiontoaddressongoingoremergingglobalchallenges;and(iii)itadvisesinterestedGovernments onthewaysandmeansoftranslatingpolicyframeworksdevelopedinUnitedNationsconferencesand summitsintoprogrammesatthecountryleveland,throughtechnicalassistance,helpsbuildnational capacities. NOTE SymbolsofUnitedNationsdocumentsarecomposedofcapitalletterscombinedwith figures.MentionofsuchasymbolindicatesareferencetoaUnitedNationsdocument. ST/ESA/STAT/SER.F/2/Rev.4/Add.1 InternationalMonetaryFund ISBN1-58906-252-3 OrganisationforEconomicCo-operationandDevelopment OECDCode302003091PI UnitedNationspublication SalesNo.E.(M.XVII.8 ISBN92-1-161472-4 Copyright©2004 UnitedNations, CommissionoftheEuropeanCommunities, InternationalMonetaryFund, OrganisationforEconomicCooperationandDevelopmentand WorldBank Allrightsreserved PrintedinUnitedNations,NewYork FOREWORD UpdatesandAmendmentstotheSystemofNationalAccounts,1993hasbeen developedandpublishedjointlybythemembersoftheIntersecretariatWorkingGroup onNationalAccounts(ISWGNA):theUnitedNationsStatisticsDivision,theStatistical OfficeoftheEuropeanCommunities,theInternationalMonetaryFund,theOrganisation forEconomicCooperationandDevelopment,andtheWorldBank. Theeffortsofthe fivemembersoftheISWGNAweresupportedbyaconsultativemechanisminvolving nationalaccountsexpertsinmembercountries. ThemethodologicalmaterialpresentedinUpdatesandAmendmentscomplements therecommendationsoftheSystemofNationalAccounts,1993(1993SNA),andreflects thechangesandimprovementsthathavebeenintroducedtotheSystemofNational Accountssinceitsmostrecentrevisionin1993. Alongwiththepreviouslypublished 1993SNA,UpdatesandAmendmentsisintendedforusebystatisticiansatthenational andinternationallevelsand isexpectedtosupporttheimplementationprocessofthe SystemofNationalAccounts, WillemDeVries Officer-in-Charge UnitedNationsStatisticsDivision MichelVandenAbeele DirectorGeneral StatisticalOfficeoftheEuropeanCommunities CarolS.Carson Director,StatisticsDepartment InternationalMonetaryFund EnricoGiovannini ChiefStatisticianandDirector,StatisticsDirectorate OrganisationforEconomicCooperationandDevelopment ShaidaBadiee Director,DevelopmentDataGroup WorldBank hi CONTENTS Page Foreword iii Preface vii Partone Updatedtextofthe1993SNAforincorporatingnewinternationalstandards onfinancialderivatives 1-46 Introduction 3 A.Newinternationalstandardsforfinancialderivatives 4 B. Updatedtextofthe1993SNAforincorporatingnewinternational standardsforthestatisticalmeasurementoffinancialderivatives 7 1. UpdatedparagraphsofchapterVII 7 2. UpdatedparagraphsofchapterX 8 3. UpdatedparagraphsofchapterXI 9 4. UpdatedparagraphsofchapterXIII 20 UpdatedpartoftheannextochapterXIII 22 5. UpdatedparagraphsofchapterXIV 24 6. UpdatedsectionoftableBofannexV 26 7. UpdatedsectionoftableDofannexV 28 UpdatedtablesofchapterXIandannexII 30 TableII.I AccountIII.2:Financialaccount 31 Table11.2 Classificationoftransactionsinfinancialassets andliabilities 32 TableA.II.4 AccountV.III.2:Financialaccount (ofAccountV.III:Externalaccumulationaccounts) 33 TableA.II.6 AccountV.IV:Externalassetsandliabilities 35 TableA.II.7 Balanceofpayments:standardcomponentsand additionaldetails 37 TableA.II.9 Internationalinvestmentposition:standardcomponents andadditionaldetails 43 iv Page Parttwo Updatedclassificationsofthe1993SNA 47-83 A.Functionalclassifications 49 1. UpdatedparagraphsofchapterIX 49 2. UpdatedtextofchapterXVIII 49 3. UpdatedtablesH,I,JandKofannexV 55 B. Otherupdatedclassificationsofthe1993SNA 78 1. UpdatedtableFofannexV(ISIC,Rev.3.1) 78 2. UpdatedtableGofannexV(CPC,Version1.1) 81 Partthree Glossaryoftermsanddefinitionsinthe1993SNA 85 V vi Copyiigniadmalefial PREFACE UpdatesandAmendmentstotheSystemofNationalAccounts,1993isbeing issuedasanaddendumtotheSystemofNationalAccounts,1993(1993SNA)toprovide anupdatedandamendedtext. Itincludeschangesintroducedtothe1993SNAandits annexesandtablessinceitspublicationin1993. UpdatesandAmendmentsconsistsofthreeparts.Partonecontainsthetextofthe 1993SNAthathasbeenupdatedasaresultoftheadoptionofnewinternational standardsforthestatisticalmeasurementoffinancialderivatives. Thosechangesaffecta numberofchaptersandtablesBandDofannexV. ParttwoincludesfourfunctionalclassificationsproposedbytheSystemof NationalAccountsthatwerefullyelaboratedandupdatedafterthe1993SNAhadbeen published. ThosechangesarereflectedinupdatedparagraphsofchapterIX,the rewrittentextofchapterXVIIIandfourupdatedtablesofannexV. Parttwoalsoincludes,inupdatedtableFofannexV,themostrecentrevision. Revision3.1,oftheInternationalStandardIndustrialClassificationofAllEconomic Activities(ISIC,Rev.3.1),andinupdatedtableGofannexVincludesthemostrecent version.Version1.1,oftheCentralProductClassification(CPQVersion1.1)which supersedestheProvisionalCPCpresentedinthe1993SNA. The2002updatingofISIC and CPC was undertaken by the Technical Subgroup ofthe Expert Group on InternationalEconomicandSocialClassifications. Detailsontheseclassificationsand thecorrespondenceswiththeirearlierversionsareavailableonlineat http://unstats.un.org/unsd/class/default.htm. Currently,ISICandCPCareundergoinga newcycleofrevisionstobecompletedby2007.Asaresultofthatprocess,thetop-level two-digitstructureofbothclassificationsmaychangeagain. Partthreeprovidesanewtooltocomplementthepreviouslypublished 1993 SNA:aglossaryofitstermsanddefinitions.Oneofthepurposesoftheglossaryisto provideaneasyreferencetotheitemsincludedinthenationalaccountsquestionnaires vii throughwhichdataarerequestedfromcountriesbytheUnitedNationsStatisticsDivision andotherinternationalstatisticalagencies. Workontheimprovementstothe1993SNAwascarriedoutbymembersofthe IntersecretariatWorkingGrouponNationalAccounts. TheInternationalMonetaryFund hadaleadingroleintheelaborationofnewstandardsforthetreatmentoffinancial derivatives. The Organisation for Economic Cooperation and Development was responsible for developing the functional classifications and the glossary. The improvemoits were finalized aftervarious rounds ofthoroughdiscussion and in consultationwithnationalstatisticaloffices. UpdatesandAmendmentscontainsthechangesandamendmentstothe1993SNA that were produced through the updating mechanism approved by the Statistical Commissionatitsthirtiethsession,in1999,whentheCommissionalsoapprovedthe proposedstandardsregardingthetreatmentoffinancialderivatives,andadoptedthefour fullydevelopedfunctionalclassificationsleadingtotheirpublicationin2000 inthe ClassificationsofExpenditureAccordingtoPurpose. The^ossarywasdevelopedin responsetouserneedsforaquickreferencetooltodefinitionsandtermsusedinthe1993 SNA. At itsthirty-fourth session, in 2003, the Statistical Commission adopted recommendationsforupdatingthe1993SNAwiththetargetdateof2008,andendorsed aninitiallistofissuestobereviewedintheprocessthatisexpectedtoresultinfurther changesandamendmentsandthepublicationofthe1993SNARev.l. Thesupplementarymaterialtothe1993SNAprovidedhereinisintendedtoassist nationalaccountantsandotherusersofthe 1993 SNAintheimplementationand applicationofthesefundamentalmethodologicalrecommendations. Theinformation includedisalsoretrievableontheUnitedNationsStatisticsDivisionwebsite at http://unstats.un.org/unsd/nationalaccount/default.htm. viii Partone Updatedtextofthe1993SNA forincorporatingnewinternationalstandards onfinancialderivatives 2
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