Workshop on National AccountsWorkshop on National AccountsNew Delhi, IndiaNew Delhi, India

6 – 9 July 20096 – 9 July 2009

Country : Country : BHUTAN BHUTAN

Dechen WangdiDechen Wangdi

ContentsContents• 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. I. System of National AccountsSystem 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 contdSystem 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 dataSystem: sources of data

• Sources

-Administrative

-Census/surveys

- Other indicators

II. Approaches to GDP estimatesII. 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. ClassificationsIII. Classifications

• Industrial and product classification not done

• Private consumption= COICOP

• Government = COFOG

IV. Quarterly GDP back groundIV. Quarterly GDP back ground

• Attempts made for 2000 to 2007

• Methodology not very sound

• Not published

Quarterly contd..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 contdQuarterly contd……………………

Forestry : Data not available • Mining : Quarterly production figures

are available Data sources : Dept. of

geology and mines

Contd…..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…………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 contdQuarterly contd……………………• Transport, storage and communication:

No information

• Financing, Insurance and real-estate:

quarterly information are available from

Central Bank

Contd…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 planV. SNA implementation plan

• No definite time period

• Slowly trying to implement

• Rebasing =every 10 years ???

VI. Problems and the issuesVI. Problems and the issues

• Non-availability of information

• Technical difficulties

• Co-ordination among various agencies

• Funding

Thank youThank you