NESDB THAILAND

International workshop on measuring GDP by final

demand approach
25-27 April 2011, Shenzhen, China
Outlines

Overview

Definition & coverage

Method & adjustments

Classification & data sources

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Overview

The System of National Accounts of

Thailand

The components of GDP on expenditure

approach
GDP = C + I + G + (X-M)

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 Balance sheet of National Income at current prices
STRUCTURE (%) 2005 2006 2007 2008 2009p

Private Consumption Expenditure 57.2 55.8 53.4 55.1 55.2

General Government Consumption Expenditure 11.9 11.8 12.2 12.3 13.4

Gross Fixed Capital Formation 28.9 28.1 26.4 27.4 24.1

Change in Inventories 2.5 0.2 0.0 1.7 -2.9

Plus : Exports of Goods and Services 73.6 73.6 73.4 76.4 68.4

Exports of Goods 62.1 61.7 61.1 64.2 57.0

Exports of Services 11.4 12.0 12.3 12.2 11.3
Less : Imports of Goods and Services 74.7 70.2 65.0 73.9 57.8
Imports of Goods 66.7 61.2 56.0 64.4 49.6
Imports of Services 8.0 8.9 9.0 9.5 8.2
Expenditure on Gross Domestic Product 99.5 99.4 100.4 99.1 100.4

Plus : Statistical Discrepancy 0.5 0.6 -0.4 0.9 -0.4

Gross Domestic Product, (GDP) 100.0 100.0 100.0 100.0 100.0

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Definition & coverage

Definition:
Transactions involving movements
of goods and services out off or
into the country over a specific
time period

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 Definition & coverage

Goods at f.o.b.

Export
Services
receipts
Net export
(NX)
Goods at c.i.f.

Import
Services
payments

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

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Definition & coverage

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.

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Definition & coverage

 Services
 Export of services = Services receipts
 Import of services = Services payments
 Services include:
o Transportation
o Travel
o Government services n.i.e.
o Other services e.g. communication
services, construction services, royalties
and license fees, insurances services,
etc.

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Method & some adjustments

 SNA : use the same figures as in

current account statistics

Customs Dep. Adjusted for

Figures Balance of
Payments

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 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

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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

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Classification and data sources

Classification
HS vs CPC, ISIC, COICOP

Sources of data
Bank of Thailand, Customs
Department, Ministry of Commerce

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 THANK YOU
www.nesdb.go.th
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