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Scottish Input-Output Tables www.scotland.gov.uk/input-ouput.

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Presentation on theme: "Scottish Input-Output Tables www.scotland.gov.uk/input-ouput."— Presentation transcript:

1 Scottish Input-Output Tables

2 The Input-Output Tables Input-Output Supply and Use tables Input-Output Supply and Use tables –128 industry and product groups –balanced and complete picture of the flows of products in the economy Input-Output Analytical tables: Input-Output Analytical tables: –derived from the I-O Supply and Use tables and include: the symmetric matrices the symmetric matrices the Leontief inverse matrices the Leontief inverse matrices the multiplier tables the multiplier tables

3 The 2004 Supply Table (£m)

4 The 2004 Use table (£m)

5 GDP and the USE table GDP at factor cost (£81,742m) GDP at basic prices (or GVA) (£82,953m) GVA plus taxes on products (£10,766m) (from the supply table) = GDP at market prices (£93,719m) GDP(O) – the Output measure of GDP Total Output minus Intermediate Demand GDP(I) – the Income measure of GDP: Taxes less subsidies on production plus Compensation of employees plus Gross Operating Surplus GDP(E) – the Expenditure measure of GDP: Total final demand minus Imports (in supply table) minus Taxes on Products (for GVA)

6 Primary role of the Input-Output framework (internationally) Used at a national level to reconcile the components of the three measures of GDP Used at a national level to reconcile the components of the three measures of GDP –Production (output minus consumption) –Expenditure (sum of final uses) –Income (income components of value added) To arrive at a single estimate of current market price GDP To arrive at a single estimate of current market price GDP

7 Primary role of the Input-Output framework in Scotland UK IO tables feed into UK Regional Accounts estimates of Scottish GDP by broad industry group (31 groups) UK IO tables feed into UK Regional Accounts estimates of Scottish GDP by broad industry group (31 groups) Initial Scottish IO table GVA estimates by 128 industries constrained to Regional Accounts Initial Scottish IO table GVA estimates by 128 industries constrained to Regional Accounts 128 industry GVA estimates used to weight together Scotland's principal GDP measure (quarterly GDP(O) constant price index) 128 industry GVA estimates used to weight together Scotland's principal GDP measure (quarterly GDP(O) constant price index)

8 Secondary role of the Input-Output framework in Scotland To provide a balanced and complete picture of flows of products in the economy for the year, illustrating the relationship between producers & consumers and the interdependence of industries. To provide a balanced and complete picture of flows of products in the economy for the year, illustrating the relationship between producers & consumers and the interdependence of industries. Used by the Scottish Government, academics and other economic analysts to produce economic impact assessments of changes in the Scottish economy. Used by the Scottish Government, academics and other economic analysts to produce economic impact assessments of changes in the Scottish economy.

9 Current development plans Initially, a consistent time-series (current price) Input-Output tables: Initially, a consistent time-series (current price) Input-Output tables: –provide updated and consistent industry weights for GDP index –analyses of changes within the economy over time A consistent time-series of double deflated (constant price) Input-Output tables: A consistent time-series of double deflated (constant price) Input-Output tables: –to provide the core long run measure of constant price GDP in Scotland by industrial sector –to provide a benchmark to which existing quarterly indices are constrained


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