Workshop on National Accounts New Delhi, India 6 – 9 July 2009 Country : BHUTAN Dechen Wangdi

Contents System of National Accounts in Bhutan Approaches to GDP estimates Classifications Quarterly GDP estimates by sector SNA implementation plan, 1993, 2008 Problems and issues

I. System of National Accounts Partially with 1993 SNA - FISM distributed across the sectors - Soft ware included as capital formation (govt) - Mineral exploration still treated as IC - valuables = difficult to implement - Military expenditures on non-military equipment and structures are difficult to obtain

System contd … The base year =2000 Previous base= 1980 The GDP estimates are on calendar year Time lag of about 1 year GDP disseminated through publication and through website

System: sources of data Sources -Administrative -Census/surveys - Other indicators

II. Approaches to GDP estimates Production and expenditure approach Difference between production and expenditure treated as SD Sources of data for the private consumption is from 2007 BLSS and for the Govt. is budget documents

III. Classifications Industrial and product classification not done Private consumption= COICOP Government = COFOG

IV. Quarterly GDP back ground Attempts made for 2000 to 2007 Methodology not very sound Not published

Quarterly contd.. Agriculture: Basically no information, broken down the annual estimate using ratios of harvesting pattern of various crops Data sources : Ministry of Agriculture, 2000 census Livestock : No indicators

Quarterly contd ………… Forestry : Data not available Mining : Quarterly production figures are available Data sources : Dept. of geology and mines

Contd….. Manufacturing: Quarterly figures for major industries available but the problems are with medium and un-registered sector. Electricity and water: Monthly generation data available Data sources : Dept of energy

Quarterly contd………… Construction: - Private = information not available - Government = govt. budget document - information for corporations are available Wholesale and retail trade: No information are available

Quarterly contd ………… Transport, storage and communication: No information Financing, Insurance and real-estate: quarterly information are available from Central Bank

Contd… Community and social services: Govt. budget documents are being made available on a quarterly basis Private social and recreational services: Information not available

V. SNA implementation plan No definite time period Slowly trying to implement Rebasing =every 10 years ???

VI. Problems and the issues Non-availability of information Technical difficulties Co-ordination among various agencies Funding

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