Review of compilation guidance Herman Smith UNSD 11th Meeting of the Advisory Expert Group on National Accounts 5-7 December 2017, New York

Outline of Presentation Introduction Procedure for the development of manuals, handbooks and guidance notes Publications by the ISWGNA members Completed In progress Planned Issues for discussion

I. Introduction Development of manuals, handbooks and guidance notes for the national accounts, and also recommendations for the compilation of basic economic statistics The aim is to provide practical compilation guidance on national accounts and supporting statistics as well as to address data quality and dissemination They contribute to strengthening statistical capacity for compiling national accounts Responsibilities for the preparation of the publications are shared among the ISWGNA members

II. Procedure for the development of manuals, handbooks and guidance notes Important for coordination of on-going and future efforts To support this objective, a procedure was established Issues papers on plans for compilation guides, handbooks and guidance notes be prepared by the lead organization, forming the basis for coordination by the ISWGNA The ISWGNA will review the needs for developing manuals, handbooks and guidance notes in consultation with the AEG

Procedure for publications dealing with clarifications and interpretations of the SNA Proposal Issues paper on a suggested topic to be submitted by the lead organization to the ISWGNA ISWGNA review the needs for developing manuals, handbooks and guidance notes in consultation with the AEG Drafting Creation of a review or expert group for the development of the material is required Interpretations and clarifications need to be resolved according to the update procedures of the SNA before it can be used in the publication Global consultation Final draft to be circulated for global review for a period of 60 days Revision of the text in light of the results of the global consultation

III. Publications by the ISWGNA members The ISWGNA has made good progress in publishing handbooks The publications developed by the ISWGNA are presented in three categories in the report to UNSC: completed publications publications in progress planned publications Focus here on planned and in progress publications

Publications completed in 2017 Handbook on Supply, Use and Input-Output Tables with Extensions and Applications (UN) Handbook on Satellite Account on Nonprofit and Related Institutions and Volunteer Work (update, UN) Quarterly National Accounts Manual (update, IMF) Overview of GDP flash estimation methods (Eurostat) Understanding Financial Accounts (OECD) Compilation Guide on Inventories (Eurostat and OECD Compilation Guide to Analyze Natural Resources in the National Accounts (IMF) Handbook on Rapid Estimates (Eurostat and UN) Handbook on Cyclical Composite Indicators (Eurostat and UN)

Publications in progress Handbook on National Accounting Backcasting Methodology (UN) Compilation of European annual and quarterly accounts including flash estimates (Eurostat) Handbook on the recording of illegal economic activities in national accounts and balance of payments statistics (Eurostat) Accounting for global value chains: a system of extended national accounts and integrated business statistics (UN) Handbook on Culture satellite accounts (UNESCO) Aviation Satellite Accounts (ICAO)

Planned publications Manual on the Compilation of Information on the Distribution of Income, Consumption and Saving Across Households Consistent with National Accounts (OECD) Satellite Account for Education and Training (UNECE)

IV. Issues for discussion The AEG is requested to: Express views on the publications in progress; Express views on the planned publications; and Propose other topics for the development of manuals, handbooks and guidance notes on national accounts and supporting economic statistics.

Thank you