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National Accounts in Austria

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Presentation on theme: "National Accounts in Austria"— Presentation transcript:

1 National Accounts in Austria
Elisa Huber Directorate Macroeconomic Statistics Luxembourg 1st October 2019 DMES Task Force on cross-domain consistency

2 Content Organisational structure Process of NA data compilation
Publication calender and revision policy Vintage / Consistency issues

3 Organisational structure I

4 Organisational structure II
Production Approach Thomas Reich Education Expenditure Statistics Sabine Martinschitz Expenditure Approach Elisa Huber National Accounts Ferdinand Leitner 23 FTE Regional Accounts Kerstin Gruber Income Approach, Employment Johannes Chalupa Input/Output Statistics Erwin Kolleritsch Cross-border Transactions Robert Leisch Quarterly National Accounts Kathrin Lais Balancing, Analysis, Publication; GNI Ferdinand Leitner

5 Organisational structure II
National Accounts Production Approach Quarterly National Accounts* 1Q 1A 3 5 20 22 26 Expenditure Approach & 15 16 17 Income Approach, Employment Input/Output Statistics Transmission Tables Cross-border Transactions Balancing, Analysis, Publication; GNI 10 12 13 Regional Accounts

6 Organisational structure III
Sector Accounts Karl Schwarz Jürgen Weißenbacher System of Health Accounts Waltraud Kavlik Nonfinancial Accounts of Sector Government Agnes Singer-Pesau Sector Accounts and Public Finance Walter Stübler 14 FTE Austrian Stability Pact, Tax Revenue Nora Prean Financial Accounts of Sector Government Claudia Hofer Andrea Paukowitsch Government Debt Lukas Dörfler Government Expenditure by Function Hermine Chromy Government Revenue & Expenditure, quarterly Cornelia Lamm

7 Organisational structure IV
Sector Accounts and Public Finance Sector Accounts 8 801 Austrian Stability Pact, Tax Revenue 9 & Government Expenditure by Function Nonfinancial Accounts of Sector Government 11 2 Transmission Tables Financial Accounts of Sector Government Government Revenue & Expenditure, quarterly 27 25 Government Debt 28 6 7 Austrian National Bank * voluntary

8 Organisational structure V
BoP (except trade of goods and services) Financial sector accounts for S.11, S.12, S.14 and S.15 Austrian National Bank Annual National Accounts Annual & Quarterly Non-financial Sector Accounts Annual & Quarterly Financial Sector Accounts for S.13 Supply and Use Tables & Input Output Tables Non-financial balance sheets Regional accounts Health accounts Statistics Austria Flash Estimates Quarterly National Accounts* Austrian Economic Institute

9 Process of NA data compilation I
General remarks: NA data compilation is a continuous process with input data available at different points in time. Data publication at specified points in time on the basis of a precise calender (following the requirements of the ESA TP). Internal deadlines for providers of input data and in order to integrate the relevant accounts. Decentralized production and centralized dissemination. Different software in the data compilation process (SAS, R, Excel). Data storage in SAS datasets or in databases. Quality controls with manual checks or customized semi-automated checks.

10 Process of NA data compilation II
Quarterly Main Aggregates Government Accounts Annual Main Aggregates / SUIOT Regional Accounts RoW/BoP Quarterly Sector Accounts Annual Sector Accounts

11 Publication calender & revision policy I
General remarks: Integrated and consistent data set at the end of September. (with exception of regional accounts) Inconsistencies between tables during the year are due to the publication timetable. (revisions) In QNA and QSA only the quarters that are not fixed by ANA and ASA are revised. Last Benchmark revisions in 2014 and (same publication calender)

12 Publication calender & revision policy II
GGA 2018 GGQ 2018 Q4 2015Q1-2018Q3 QSA 2018 Q1-Q3 BoP GGA after EDP only when necessary GDP flash 2019 Q1 ANA 2018 QNA 2019 Q1 2018 Q1-Q4 QSA 2019 Q1 2018 Q1-Q4 GGQ BoP First ANA 2018 QNA 2018 Q4 2018 Q1-Q3 GDP flash 2018 Q4 JANUARY FEBRUARY MARCH APRIL MAY JUNE 2019 New years/quarters Revised years/quarters

13 Publication calender & revision policy III
BoP 2019 Q2 2016Q1-2019Q1 GGA 2018 GGQ 2018Q1-2019Q1 ANA/GNI QNA (ex.) 2015Q1-2019Q2 ASA QSA 2015Q1-2019Q1 BoP 2019 Q3 GGQ 2019 Q1-Q2 QSA Regional Accounts 2018 SU & IO-Tables 2016 ANA 2018 QNA 2019 Q2 2018Q1-2019Q1 GGA after EDP only when necessary GDP flash 2019 Q3 QNA 2019 Q3 2019 Q1-Q2 GDP flash 2019 Q2 JULY AUGUST SEPTEMBER OKTOBER NOVEMBER DECEMBER 2019 New years/quarters Revised years/quarters

14 Vintage / consistency issues I
Possible vintage differences QNA and QSA… New inputs in between BoP: last month of preceeding quarter + potential revisions of previous quarters Government data (taxes and subsidies, government consumption): last month of preceeding quarter + potential revisions of previous quarters QNA t+60 QSA t+85

15 Vintage / consistency issues II
Recent vintage issue: Publication of table 801 and (voluntary) table 25 in March 2018. Table 801 adheres to the data published in table 8 (in September for the years up to 2016). In table 25 the most recent government consumption was included >> therefore table 25 was no more consistent with table 801. If table 801 had been made consistent with table 25, it would have no longer been consistent with table 8. However, all tables (8, 801, 2 and 25) were aligned in the September publication when the most recent government accounts were included in table 8 and 801.

16 Vintage / consistency issues III
If T801 had been made consistent with T25, it would have no longer been consistent with T8. Table 801 2017 Q4 2017 Q1-Q3 Table 25 2014Q1-2017Q3 GGA 2017 Most recent government consumption for 2014 Q1 to 2016 Q2 was included in T25 but not in T801. Table 8 2016 SEPTEMBER OKTOBER NOVEMBER DECEMBER JANUARY FEBRUARY MARCH 2017 2018

17 Vintage / consistency issues IV
Government and the Rest of the Accounts: When do vintage differences occur?

18 Vintage / consistency issues V
Numerical example (GDP 2016: MEUR) Cross section validation by Eurostat detects a vintage difference > 0.075% of annual GDP > 0.3% of quarterly GDP Revision scenarios

19 National Accounts in Austria
DMES Task Force on cross-domain consistency Please address queries to: Elisa Huber Contact information: Guglgasse 13, 1110 Vienna phone: +43 (1)


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