Presentation is loading. Please wait.

Presentation is loading. Please wait.

GDP by Income Approach and Accounts of Household Sector For Qatar Experience Prepared by : Aisha Al-Mansoori Statistical Researcher Population & Social.

Similar presentations


Presentation on theme: "GDP by Income Approach and Accounts of Household Sector For Qatar Experience Prepared by : Aisha Al-Mansoori Statistical Researcher Population & Social."— Presentation transcript:

1 GDP by Income Approach and Accounts of Household Sector For Qatar Experience Prepared by : Aisha Al-Mansoori Statistical Researcher Population & Social Department Statistics State of Qatar Statistics Authority International Workshop on Household Income, Consumption and Full Accounting of the Households Sector, in Beijing, China March 2012

2 Compensation of employees (COE) + Mixed Income (MI) + Other Taxes less Subsidies on Production + Gross Operating Surplus. GDP by Income Approach = International Workshop on Household Income, Consumption and Full Accounting of the Households Sector, in Beijing, China March 2012

3 Labor - Compensation of employees: Fixed capital that are own-used in production provides mixed income; Non-produced assets provide rents; and Investment of financial capital provides dividends and interest. Factor Incomes International Workshop on Household Income, Consumption and Full Accounting of the Households Sector, in Beijing, China March 2012

4 * Not calculated directly in the State of Qatar. * However, compiled indirectly using residual method for estimating Operating Surplus (OS)/MI GDP by Income Approach International Workshop on Household Income, Consumption and Full Accounting of the Households Sector, in Beijing, China March 2012

5 * Specially for HH sector, it is difficult to capture MI through Household Income and Expenditure Survey (HIES). * Used broadly for the Cross Checking the estimates generated by Production and Expenditure Approach. GDP by Income Approach International Workshop on Household Income, Consumption and Full Accounting of the Households Sector, in Beijing, China March 2012

6 Institutional sectors of economy Economy Govt. Corp. NPISH House hold Rest of the world International Workshop on Household Income, Consumption and Full Accounting of the Households Sector, in Beijing, China March 2012

7 Household institutional sector accounts These are a set of accounts describing the activities and the economic behaviors of households Factors of production – labor and capital (in the form of fixed asset capital and in the form of non produced asset like Land) International Workshop on Household Income, Consumption and Full Accounting of the Households Sector, in Beijing, China March 2012

8 Uses of Household Sector Accounts Data provided by the accounts help in study of economic behavior of households particularly with respect to their final consumption expenditure and savings, and investment in both fixed assets and financial assets. International Workshop on Household Income, Consumption and Full Accounting of the Households Sector, in Beijing, China March 2012

9 Primary Data Source for Household Sector Accounts In the State of Qatar, Household Income and Expenditure Survey (HIES) are conducted once in five years is the fourth in series; and The first was carried out in , while the second was in 1988 and the third was in 2000/2001 International Workshop on Household Income, Consumption and Full Accounting of the Households Sector, in Beijing, China March 2012

10 Data Coverage The income data is collected on all sources under the following items: 1.Income from wages and salaries 2.Income from businesses and free enterprises 3.Income from profits and interest 4.Government transfers 5.Current transfers from others 6.Other incomes. International Workshop on Household Income, Consumption and Full Accounting of the Households Sector, in Beijing, China March 2012

11 Data Coverage 7.Estimated rent value of the owned residence occupied by the household 8.Estimated rent value of the residence given by the employer 9.Estimates of Food stuffs and goods produced by the household. International Workshop on Household Income, Consumption and Full Accounting of the Households Sector, in Beijing, China March 2012

12 Data Coverage Indicators are also available as per economic activities; and These correspond to some of the components of GDP. International Workshop on Household Income, Consumption and Full Accounting of the Households Sector, in Beijing, China March 2012

13 Main findings of the survey A-Qatari Households' Monthly Expenditure: 1- Development of expenditure between 2000/2001 and 2006/ Classification of Qatari households by expenditure categories. 3- Impact of the monthly income level on the households expenditure pattern 4- Measurement of consistency in expenditure levels B- Non-Qatari Households Monthly Expenditure 1- Development of expenditure between 2000/2001 and 2006/ Classification of Non-Qatari households by expenditure categories 3- Impact of the monthly income level on the households expenditure pattern 4- Measurement of consistency in expenditure levels C- Household expenditure by categories of goods and services D- Income overall indicators. E- Average monthly consumption of some major goods International Workshop on Household Income, Consumption and Full Accounting of the Households Sector, in Beijing, China March 2012

14 ItemsHIESNational accounts Compensation of employees (COE) Wages and salaries Partially Covered Based on HIES Adjusted for uncovered HHs; To exclude COE payable to abroad and include those earned from abroad. Employers' social contribution-Do- Actual social contribution -Do- Estimated from Budget Documents Imputed social contribution-Do- Mixed income Mixed income from agricultural activities (from sale and own consumption except owner- occupied housing) -Do- Estimated from HIES Residential rental income and other rental income less cost -Do- Property income Estimated from HIES, Economic Survey and QCB Data Interest receivable less interest payable -Do- Dividends receivable-Do- Data Source Comparison for Household Accounts International Workshop on Household Income, Consumption and Full Accounting of the Households Sector, in Beijing, China March 2012

15 Data Source Comparison for Household Accounts ItemsHIESNational accounts Taxes on income and wealth Not covered by survey Estimated from Budget Documents Net social contributions (pension, insurance, social security with respect to government and insurance plans) Partially covered by survey Net social contribution payable-Do- National accounts make adjustments: for i) employers imputed social contribution; ii) employees contribution and investment income supplement to insurance and pension schemes; and iii service charges in the case of pension fund, life and non-life insurance. Social benefits-Do- Estimated from government finance, insurance and pension plans Other net transfers From the economy From rest of the world (ROW) -Do-Estimated from government finance, HIES and BOP Data International Workshop on Household Income, Consumption and Full Accounting of the Households Sector, in Beijing, China March 2012

16 Data Source Comparison for Household Accounts ItemsHIESNational accounts DISPOSABLE INCOME Final consumption expenditure on goods and services Partially Covered Estimated from household surveys, supplemented by commodity flow approach taking into account supply and use of each class of products in order to estimate final consumption expenditures. Purchased from market Partially Covered Food and beverages Manufactured goods Health Education Transport Communication Other services International Workshop on Household Income, Consumption and Full Accounting of the Households Sector, in Beijing, China March 2012

17 Data Source Comparison for Household Accounts ItemsHIESNational accounts Production for own consumption Partially Covered Mainly rely on household survey Food Other goods Imputed owner-occupied housing services -Do- Estimated by national accountants based on equivalent market rentals. GROSS SAVING Gross capital formation (fixed assets and land) -Do- Mainly based on household surveys supplemented by other sources such as construction of residential buildings and other techniques. Purchase from market less sales Own-construction of residential housing Other own-manufactured assets NET LENDING/BORROWING International Workshop on Household Income, Consumption and Full Accounting of the Households Sector, in Beijing, China March 2012

18 Because of partial coverage of households in the HIES, National Accountants have to make necessary adjustments for compiling the HH sector accounts. International Workshop on Household Income, Consumption and Full Accounting of the Households Sector, in Beijing, China March 2012

19 Thank you for your attention… International Workshop on Household Income, Consumption and Full Accounting of the Households Sector, in Beijing, China March 2012


Download ppt "GDP by Income Approach and Accounts of Household Sector For Qatar Experience Prepared by : Aisha Al-Mansoori Statistical Researcher Population & Social."

Similar presentations


Ads by Google