NESDB THAILANDInternational workshop on measuring GDP by

final demand approach25-27 April 2011, Shenzhen, China

Outlines

2

Overview

3

STRUCTURE (%) 200

52006 2007 2008 2009p

Private Consumption Expenditure57

2558

53.4

55.1

55.2

General Government Consumption Expenditure

11.9118.

12.2

12.3

13.4

Gross Fixed Capital Formation28.9281.

26.4

27.4

24.1

Change in Inventories 25. 02. 00. 17. -29.

Plus : Exports of Goods and Services73.6736.

73.4

76.4

68.4

Exports of Goods62.1617.

61.1

64.2

57.0

Exports of Services11.4120.

12.3

12.2

11.3

Less : Imports of Goods and Services74.7702.

65.0

73.9

57.8

Imports of Goods66.7612.

56.0

64.4

49.6

Imports of Services 80. 89. 90. 95. 82.

Expenditure on Gross Domestic Product 99.5994

100

4

99.1

100

4

Plus : Statistical Discrepancy 05. 06. -04. 09. -04.

Gross Domestic Product, (GDP)100

0

100.0

100

0

100

0

100

0

4

Definition & coverage

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Net export (NX) = Export (X) – Import (M)

Definition & coverage

6

Export and import of goods and services from Balance of Payments: Goods and services account

Goods : all categories of goods pass through customs formalities and data adjustment for Balance of Payments basis

Value of export of goods at f.o.b.

Value of import of goods at c.i.f.

7

Definition & coverage

ServicesExport of services = Services

receiptsImport of services = Services

paymentsServices include:

o Transportationo Travelo Government services n.i.e.o Other services e.g. communication

services, construction services, royalties and license fees, insurances services, etc.

8

Definition & coverage

9

SNA : use the same figures as in current account statistics

10

Method & some adjustments

BOP adjustment made to the Customs data include:• Exclusion e.g. goods under

diplomatic privilege, rented items, sample goods, personal belongings and used furniture

• Inclusion e.g. satellite, some military goods, electricity from neighboring countries

• Other adjustments such as time of recording and exchange rate

11

Method & some adjustments

SNA adjustment made to import of services:

• Deduction of compensation of employees from services payments (other services)

Estimation of import and export of goods and services at constant prices in SNA

12

Method & Some adjustments

13

Classification and data sources

THANK YOUwww.nesdb.go.th

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