(a) National accounts

Financial services in the national accounts

(b) Revision of the System of National Accounts

System of National Accounts 1993 update

IMPLEMENTATION OF THE 1993 SYSTEM OF NATIONAL ACCOUNTS (1993 SNA)

National accounts or national account systems (NAS) are the implementation of complete and consistent accounting techniques for measuring the economic activity of a nation.

Items for discussion and decision national accounts

4. Implementation of the 1993 System of National Accounts (1993 SNA).

4. Implementation of the 1993 System of National Accounts (1993 SNA)

Agenda item 5. National accounts

Latin America has led the way among developing countries in the growth of the supermarket sector.

1. Implementation and other follow up of the 1993 SNA.

4 Anguilla, National Accounts Statistics, 1992, revised, May 1993.

The implementation of the work programme on the update of the 1993 SNA has continued in accordance with the timetable adopted for the completion of the 1993 SNA, Rev.1, by 2008.

ISIC aggregations for SNA data reporting

Progress report on the updating of the 1993 SNA

This is considered an important initiative for increasing the user friendliness of the SNA, which should have a positive effect on the future implementation of the 1993 SNA, Rev.1.

The Statistical Commission will be requested to review the full set of recommendations for the SNA update in March 2007 and the final draft of the 1993 SNA, Rev.1, in March 2008.

I. IMPLEMENTATION OF THE 1993 SYSTEM OF NATIONAL ACCOUNTS

(1993 SNA) AND PLANS FOR FURTHER ESSENTIAL RESEARCH

3. Implementation of the 1993 System of National Accounts (1993 SNA) and plans for further essential research.

The Department apos s methodological contributions are reflected in the 1993 System of National Accounts.

The report describes progress on work completed in the updating of the System of National Accounts, 1993 (1993 SNA).

The Commission may wish to express its views on the status of the updating of the 1993 SNA.

It decided that, in practical terms, support should also be given for the basic data that are needed for developing national accounts.

(a) Advisory services on national accounts and economic statistics, household surveys and data processing

A milestone was passed with the finalization of the 1993 System of National Accounts.

The Intersecretariat Working Group on National Accounts will work on a plan for implementing the updated SNA in parallel with the work on the draft.

While sharing many common principles with business accounting, national accounts are based on economic concepts.

The framework of the 1993 System of National Accounts should be seen as the umbrella framework ensuring the overall conceptual coherence of economic statistics.

Better internal information systems would improve reporting on national accounts and the formulation of financial policy.

The Committee recalled that concern had been expressed, during the review of previous scales of assessments, about the comparability of data prepared under the 1993 SNA and data still prepared under the 1968 SNA.

The Intersecretariat Working Group on National Accounts is responsible for leading the updating work on 1993 SNA, Rev.1.

147. At the 30th meeting, on 12 July, the Council adopted draft resolution I, entitled quot 1993 System of National Accounts quot , recommended by the Statistical Commission (E 1993 26, para. 1).

In fact, there is a need to integrate the national accounts perspective into the development work in these three areas.

The report of the meeting, available on the SNA update website, provides detailed descriptions of the new recommendations.

Stated otherwise, national accounts as systems may be distinguished from the economic data associated with those systems.

(i) Considered that the work of the Task Force should be kept in step with the work on national accounts, especially on environmental accounting

The Statistical Commission is requested to comment on the overall progress in the updating of the System of National Accounts, 1993 (1993 SNA).

The Committee noted that, under the terminology of the 1993 system of national accounts (SNA), GNP is now known as gross national income (GNI).

Unlike previous work on national accounts, the new system should be universally applicable.

(c) Advisory Expert Group members have been involved continuously in making recommendations and advising the Intersecretariat Working Group on National Accounts on SNA update related issues.

(a) Task Force on National Accounts (Convener Intersecretariat Working Group on National Accounts) report on strategies, progress and problems in the implementation of the 1993 SNA (E CN.3 1994 5)

While the implications and anticipated resolutions of the SNA issues with respect to the ISIC have been considered, additional issues may arise during the SNA update that may no longer be reflected in the ISIC if the complete alignment with NACE at all levels of the classification is to be maintained.

The proposal has been submitted to the SNA Advisory Expert Group for its approval in January 2006.