Harmonization of base years for index numbers Committee for the Coordination of Statistical Activities September 2003

Transcription

1 Harmonization s for index numbers Committee for the Coordination Activities Title the index number Demography and population Methodological comments related to Housing Labour Manufacturing Wage Indices ILO Published in Key Indicators the Labour Market Occupational Wage Indices ILO Published in Key Indicators the Labour Market Labour Productivity and Labour Published in Key Indicators the Labour Market ILO Cost in Total Economy Labour Productivity and Labour Published in Key Indicators the Labour Market ILO Cost in Manufacturing Labour Productivity in Transport Published in Key Indicators the Labour Market ILO and Communication Labour Productivity in Trade ILO Published in Key Indicators the Labour Market Labour Productivity in Agriculture ILO Published in Key Indicators the Labour Market Wages IMF Employment IMF Quarterly Labor Forces (QLFS) OECD Education and training Country indices either are computed from absolute wage data or are as reported by the country. Absolute data are converted into an index with a fixed. Index aggregates for industrial countries as a group are weighted by value added in industry for the period, as derived from individual countries national accounts, expressed in U.S. dollars. Country indices either are computed from absolute employment data or are as reported by the country. Absolute data are converted into an index with a fixed. Index aggregates for industrial countries as a group are weighted by value added in industry for the period, as derived from individual countries national accounts, expressed in U.S. dollars. Indices are provided in QLFS for the civilian employment series (disaggregated by total, agriculture, industry and services) with a reference 1995=100. The last re for QLFS took place in June 1999 and the intention is to move to a 2000 at the same time as MEI in sa annex.xls 1 27/08/2003

2 Title the index number Harmonization s for index numbers Committee for the Coordination Activities Methodological comments related to Assume that the illiteracy trend remains unchanged between 2000 and Compute a Simple Index using 2000 figure as Constant Base. Take index value in 2015 and see whether it's less or more than Education for All literacy estimate UNESCO (50% if in percentage). Note: Literacy projections carried out in order to meet the requirements Education for All Goal 4 Expand adult literacy. Achieve a 50% improvement in levels adult literacy by 2015, especially for women, and equitable access to basic and continuing education for all adults. Simple projections school enrolment. Enrolment in primary school UNESCO Note: Enrolment statistics used to meet the requirements monitoring Education for All Goal 2 (Millennium Development Goal 2) that all children primary school age will enter and complete primary school education by the Culture Culture UNESCO Indices do not use line s. Household incomes and expenditures Social security Health Implicit price index: total expenditure on health Price index: pharmaceutical retail sales Gender Gender parity index (education enrolment pre-primary through to tertiary level) OECD OECD UNESCO Gender parity index (literacy) UNESCO The health data collection follows with its dates the common practice OECD Annual National Accounts. The health data collection follows with its dates the common practice OECD Annual National Accounts. Female enrolment rates compared with male rates on a to basis. Assume trend is unchanged to project outcomes for 2005 and Note: Gender parity indices compiled to meet the requirements Education for All Goal 5 (Millennium Development Goal 3) Eliminate gender disparities. Eliminate gender disparities in primary and secondary education by 2005, and achieve gender equality in education by 2015, with a focus on ensuring girls full and equal access to and achievement in basic education good quality. Female literacy/illiteracy rates compared with male rates on a to basis. Computed using Simple index on Current Base. sa annex.xls 2 27/08/2003

3 Title the index number Harmonization s for index numbers Committee for the Coordination Activities National accounts National accounts ECLAC GDP Volume Index IMF GDP Deflator IMF National accounts () OECD National accounts GDP WTO Merchandise production (agriculture + Mining WTO Manufacturing) Agriculture EU Agricultural Price Indices Eurostat Economic Accounts for Agriculture (EAA), index numbers (volumes and prices) derived from EAA at "constant" prices Eurostat 1995 (if not already n-1) 1999 to (and/or n-1) end 2003, start to 2004 Methodological comments related to Country indices are derived from the GDP volume series reported by national compilers. They are linked by splicing at overlap s and referenced to a fixed. World and area aggregates are weighted by the purchasing power parity (PPP) value GDP in the. Country indices are derived from GDP at current prices and GDP volume series referenced to a fixed. World and area aggregates are weighted by the purchasing power parity (PPP) value GDP in the. The recommendation is to change the current or reference every five s. From 1991 to 2000 the was the previous. As an average for the volume index gross domestic product is calculated. Target for the a new is n+3. However, some countries make the change the conditional from the availability definitive data for the weighting schemes (which, in their turn, are in general derived from the Economic Accounts for Agriculture, EAA). With these data being considered as provisional for a number s, the delay n+3 is still too short for a few countries. A higher degree flexibility could be obtained by allowing for revisions in the weighting schemes, and thus to enable to inclusion provisional data. The 1995 rebasing was linked to the a new methodology (in line with the ESA95). In general, rebasing and revisions the EAA will follow the national accounts practice (ESA). sa annex.xls 3 27/08/2003

4 Harmonization s for index numbers Committee for the Coordination Activities Title the index number Indices agricultural production FAO Methodological comments related to The FAO indices agricultural production are calculated by the Laspeyres formula at the country, regional and world levels using average international commodity prices for compiling weighting diagram. For further details please refer to: Agriculture OECD Volume index number agricultural products Forestry and fishery Index number fishery world production. Index number total live weight equivalent quantities exported FAO FAO Industry There are discussions between European countries on this issue, as 2005 will be the the allocation FISIM. In this context, they could recommend to wait until 2005 to introduce the change the reference at the same time the allocation FISIM. However, this is technically independent from the change in OECD datas. It would nevertheless be useful to know what the Europeans and Eurostat will do. From 1991 to 2000 the was As an average for the volume index agricultural products is calculated. Published in FAO Yearbook on Fishery statistics commodities. In the past FAO also used to calculate annually-for inclusion in the FAO annual publication State Food and Agriculture-weighted indices fishery trade (value, quantity, unit value) for (1) world (2) developed countries (3) developing countries. The organisation is planning to reintroduce these indices in the Fishery Commodities Yearbook (edition 2004) with Published in FAO Yearbook on Fishery statistics commodities. In the past FAO also used to calculate annually-for inclusion in the FAO annual publication State Food and Agriculture-weighted indices fishery trade (value, quantity, unit value) for (1) world (2) developed countries (3) developing countries. The organisation is planning to reintroduce these indices in the Fishery Commodities Yearbook (edition 2004) with sa annex.xls 4 27/08/2003

5 Title the index number Industrial Production/ Manufacturing Production/Other production indices Volume index industrial production Index numbers industrial production at the 2- digit level ISIC (Rev.3) and the 3- digit level ISIC (Rev.2) Index number industrial production Energy Harmonization s for index numbers Committee for the Coordination Activities IMF UNIDO /2004 UNSD 1995 Feb Feb Regular re-basing /five- cycle Distributive trade Distributive trade ECLAC Volume indices retail trade Previous turnover and market services International trade Value indices ECLAC Unit value indices ECLAC Quantum indices ECLAC Unit value indices Eurostat Indices agricultural trade (value, volume and unit values exports and imports) No decision taken FAO Volume Exports IMF Methodological comments related to Country indices are reported by the country and referenced to a fixed. Industrial country aggregates are derived using weighted geometric mean, whereby the country series are weighted by value added in industry as derived from individual countries national accounts, expressed in U.S. dollars. From 1991 to 2000 the was As an average for the volume index industrial production is calculated. The indexes are derived from those originally compiled by UNSD and provided to UNIDO to incorporate in the UNIDO Industrial Statistics Data, and from UNIDO estimates. CIS Statcommittee possesses volume indices retail trade turnover and market services. These indices are received from national statistical services which calculate them by chain method. -Fisher indices chained to -Backward calculation for is ongoing. Data are expected for end 2003 Six different indices are calculated independently, for the value, volume and unit values exports and imports for the aggregate agricultural and aggregate food products. Trade indices relate only to continental and world totals. For further details please see: value exports (in U.S. dollars) in the. sa annex.xls 5 27/08/2003

6 Harmonization s for index numbers Committee for the Coordination Activities Title the index number Volume Imports IMF Export Price Index IMF Import Price Index IMF Export Unit Value Index IMF Import Unit Value Index IMF Trade indicators OECD Volume indices and price indices exports and imports Previous. Merchandise Value UNCTAD Merchandise Volume UNCTAD Merchandise Unit Value UNCTAD Unit value index numbers total imports 1991 Methodological comments related to value imports (in U.S. dollars) in the. value exports (in U.S. dollars) in the. value imports (in U.S. dollars) in the. value exports (in U.S. dollars) in the. value imports (in U.S. dollars) in the. A June 2004 to change to a 2000 would be reasonable. CIS Statcommittee possesses volume indices and price indices exports and imports. These indices are received from national statistical services which calculate them by chain method. World level and/or regional indices; obtained by aggregation country indices; 1990 is period to 2000 by the end this. Unit value index numbers total exports Volume index numbers total exports Volume index numbers total imports World level and/or regional indices; obtained by aggregation country indices; 1990 is period to 2000 by the end this. World level and/or regional indices; obtained by aggregation country indices; 1990 is period to 2000 by the end World level and/or regional indices; obtained by aggregation country indices; 1990 is period to 2000 by the end sa annex.xls 6 27/08/2003

7 Harmonization s for index numbers Committee for the Coordination Activities Title the index number Unit value index numbers manufactured goods exports Unit value index numbers fuel imports Volume index numbers manufactured goods exports Volume index numbers fuel imports Methodological comments related to World level and/or regional indices; obtained by aggregation country indices; 1990 is period to 2000 by the end World level and/or regional indices; obtained by aggregation country indices; 1990 is period to 2000 by the end World level and/or regional indices; obtained by aggregation country indices; 1990 is period to 2000 by the end World level and/or regional indices; obtained by aggregation country indices; 1990 is period to 2000 by the end Merchandise Value WTO Merchandise Volume WTO Merchandise Unit Value WTO Transport Investments in transport ECMT-OECD No is planned or. - - infrastructures Short-term trends ECMT-OECD No is planned or. Volume index cargo transportation by transportation organization (excluding pipelines) Volume index passenger transportation Communications n.a. n.a. CIS Statcommittee calculates as an average for : volume index cargo transportation by transportation organization (excluding pipelines). The calculation is done by comparable structure. The is not applicable because the indices are calculated on the basis quantity indicators. CIS Statcommittee calculates as an average for : volume index passenger transportation. The calculation is done by comparable structure. The is not applicable because the indices are calculated on the basis quantity indicators. sa annex.xls 7 27/08/2003

8 Harmonization s for index numbers Committee for the Coordination Activities Title the index number Tourism Other services Volume index investments in fixed capital Money, finance and insurance Income velocity money plus IMF Quasi-Money Indices nominal money income the population, money income with the account inflation rates; growth rates credits provided to enterprises, organizations and individuals. Fiscal Previous Methodological comments related to From 1991 to 2000 the was the previous. CIS Statcommittee calculates the volume index investments in fixed capital as an average for. List countries is shown in the world tables section the International Financial Statistics Yearbook CIS Statcommittee calculates indices nominal money income the population, money income with the account inflation rates; growth rates credits provided to enterprises, organizations and individuals. Balance payments Series at constant prices ECLAC Prices Production price ECLAC Harmonized Index Consumer Prices (HICP) Index number producer prices for crop and livestock products Eurostat or at the earliest FAO The HICP is in principle a chained Laspeyres-type index, which annual chain-links in December every. The index reference period is thus the December the previous. The HICP is presented as having index 1996=100. This is for historical reasons hard coded in the EU Council Regulation on HICPs. This Regulation needs to be amended before the can change. Alternative solutions are under consideration, but no decision has been taken yet. This index is going to be introduced for the first time by the FAO. It will be a Layspeyres type index using international $ prices (being estimated for index number agricultural production) for preparing the weighting diagram. sa annex.xls 8 27/08/2003

9 Title the index number Harmonization s for index numbers Committee for the Coordination Activities Methodological comments related to 1990 was implemented in the 1995 edition the ILO Yearbook Labour Statistics. The change the is implemented on the ILO suggestion. Other UN Consumer Price Indices (All-items, Food and non-alcoholic beverages, organizations and ACC Sub-committee on SA were consulted. The index period has changed at regular intervals (approx. Every 10 s) to ensure Clothing and footwear, Electricity, ILO /2005 that the index numbers remain easy to present and understand (It may be chosen to gas and other fuels, Rent, All-items coincide with the period other statistical series i.e. for other price series, wage excl. shelter) series, national accounts, etc. The period chosen as has always been a single calendar (to eliminate the problem seasonal fluctuations). A month or quarter is too short a period, since any one month or quarter is likely to be unusual due to accidental or seasonal influences. The countries' practices are mixed. Country indices are reported versions national indices that are linked by splicing at Producer Price Index/ IMF overlap s and referenced to a fixed. PPI/WPI aggregates are derived using Wholesale Price Index weighted geometric mean, whereby the country series are weighted by the purchasing power parity (PPP) value GDP in the. Country indices are reported versions national indices that are linked by splicing at Consumer Price Index IMF overlap s and referenced to a fixed. CPI aggregates are derived using weighted geometric mean, whereby the country series are weighted by the purchasing power parity (PPP) value GDP in the. Share Price Indices IMF Indices are as reported by countries, adjusted for changes in quoted nominal capital companies. Indices, in general, are weighted arithmetic averages with market value outstanding shares as weights. Base period s reported indices differ among countries and are referenced to a fixed. Commodity Price Indices IMF Indices are prepared by the Commodities Unit the IMF Research Department. They are compiled as period averages in terms U.S. dollars. Industrial producers price index From 1983 to 2000 the was As an average for the industrial producers price index is calculated. The volume industrial production is taken for the weights in the calculation this index. Consumer price index Price indices primary commodities exported by developing countries Previous UNCTAD Consumer price index UNSD When ILO re For the analysis consumer prices dynamics as an average for countries, the aggregate index is calculated annually. Consumer expenditure the population are the weights in calculation this index. The weights used in the calculation the commodity price indice are d on exports developing countries in 1984, 1985 and sa annex.xls 9 27/08/2003

10 Harmonization s for index numbers Committee for the Coordination Activities Title the index number Producers' or wholesale price indices Exports prices primary commodities Science and technology UNSD WTO Methodological comments related to National resources and environment Main Economic Indicators Main Economic Indicators (MEI) OECD MEI provides an extensive range indices for key economic indicators such as industrial production, construction, retail trade volume, consumer prices, producer prices, hourly earnings, civilian employment, share prices, monetary aggregates, effective exchange rates, and quarterly national accounts. For the 30 OECD Member countries almost all indexed series are presently presented with reference 1995=100, re taking place in June 1999 when new automated facilities with the migration from mainframe to server d technologies and required national accounts data became available. The new server facilities made the re a far less time consuming exercise. National accounts data are presented in prices each country's weight reference, typically The main series that are not expressed in 1995 prices are Turkey, 1987; Iceland, Switzerland, 1990; Mexico, 1993; Zealand, ; United States, 1996; Canada, 1997; Australia, Finland, Hungary, Norway, 2000; Euro area, One other MEI index series in each Canada, Australia and Norway also have a non 1995 For the non-member countries whose short-term economic indicators are published in ME At this stage the intention is to move to a 2000 reference for MEI index series ar sa annex.xls 10 27/08/2003

11 Harmonization s for index numbers Committee for the Coordination Activities Title the index number Constant price series UN-ECE 2000 Methodological comments related to UN-ECE Division res only constant price series on a systematic basis. The statistical division receives a range constant price data (e.g. expenditure-d GDP, output-d GDP, industrial production, total and components, and some other) from countries, with varying s. The countries originally compile these data in a their choice, e.g. 1992, 1995, previous 's prices, etc. In order to have constant price series on a consistent basis we convert nationally reported series to a common (currently 2000, no plans to change in the near future). The rebasing is a simple rescaling aggregates and their components. A chained index series, 2000, is first computed from nationally reported constant price series which are then applied to current price values In both cases, because we re aggregates and components with the same approach, rather than defining aggregates as a sum red components, components no longer add to totals. This is, however, a well known and accepted issue with chain indices. Outside constant price series, UN-ECE is not too concerned about the "", as reb CPI, wage indices, constant price national accounts etc. Meteorology World Bank 1995 As the Bank does not calculate any composite indicators at a regular basis, only onedimensional indicators like the CPI and wage indices are stored in our central datas. Nevertheless, the Bank re-references these indicators (CPI, wage indices etc) as well as the constant price national accounts data to a common reference, sa annex.xls 11 27/08/2003