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Session-2: ESCAP CORE STATISTICS
Core requirements to build capacity by 2020ruce !oc"man
Division HeadBusiness Industry and Environment Statistics
Australian Bureau of Statistics
Core Economic Statistics # RequiredCapacity
1
7/24/2019 Ppt Session 2 Core Economic Statistics (1)
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P$RPOSE O% T!E CORE SET O% ECO&O'ICSTATISTICS
() Indicati*e &OT Prescripti*e
2) +ud,ed to be minimum set or e.ecti*e
economic analysis and monitorin,/) Sould be tailored to indi*idual countries1
needs
) &eed is determined by inormation
requirements o 3o*ernment and &on-3o*ernment decision ma"ers
Core Economic Statistics # RequiredCapacity
2
7/24/2019 Ppt Session 2 Core Economic Statistics (1)
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I&%OR'ATIO& &EE4S (a) The conduct of monetary policy
(!) Esta!lishin" and monitorin" the "overnment#s$scal position
(c) Assessin" the lon"%term capa!ility of theeconomy& 'ith a focus on sustaina!le "ro'th
(d) Developin" policies desi"ned to achieve"enerally a"reed economic "oals& such as
increased economic 'elfare and "reater euity (e) easurin" the economic& social and
environmental impact of internal and e*ternalshoc+s
Core Economic Statistics # RequiredCapacity
,
7/24/2019 Ppt Session 2 Core Economic Statistics (1)
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I&%OR'ATIO& &EE4S 5cont6 (f) -rovidin" the information necessary for the
e.cient functionin" of mar+ets
(") /eneral monitorin" and forecastin" of the
economy (h) Informin" economic& social and environmental
analyses
(i) eetin" international o!li"ations to provide
information a!out the performance of theeconomy and the 'ell%!ein" of the nation0
Core Economic Statistics # RequiredCapacity
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SE7E& ECO&O'IC STATISTICS 4O'AI&S I& T!ECORE SET
() Prices and Costs
2) 4emand and Output
/) Income and 8ealt) 'oney and an"in,
9) 3o*ernment
) ;abour 'ar"et
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PRICES A&4 COSTS() CPI
2) PPI
/) Trade Prices
) Commodity Prices
9) Residential Property Prices
Core Economic Statistics # RequiredCapacity
3
7/24/2019 Ppt Session 2 Core Economic Statistics (1)
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4E'A&4 A&4 O$TP$T10 /D- production and e*penditure accounts& in
current and constant prices& to measure demandand supply
20 E*ternal trade,0 Short%term industry output measures
0 Industrial structure statistics
0 Short term& disa""re"ated demand statistics
(consumer& investment 4 $*ed and inventory)30 -roductivity measures
Core Economic Statistics # RequiredCapacity
5
7/24/2019 Ppt Session 2 Core Economic Statistics (1)
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I&CO'E A&4 8EA;T!10 6ational accounts for the economy& to measure
income& savin"s& investment& accumulation and'ealth
20 6ational accounts !y sector to measure incomeredistri!ution& sector income& savin"s&accumulation&
,0 $nancial investment etc0 7minimum sectors8
household& "overnment& enterprises90 Balance of payments to measure international
income and capital :o's
0 International investment position& to measure the
nation#s overseas net de!t30 E*ternal de!t statistics
Core Economic Statistics # RequiredCapacity
;
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'O&E= A&4 A&>I&310 Assets < lia!ilities of the !an+in" system
20 onetary measures
,0 Interest rates
Core Economic Statistics # RequiredCapacity
=
7/24/2019 Ppt Session 2 Core Economic Statistics (1)
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3O7ER&'E&T10 >evenue and e*penditure& !orro'in" and lendin"
20 /overnment accounts on a S6A and
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;AO$R 'AR>ET10 a!our supply and characteristics of the la!our
force
20 a!our
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&AT$RA; RESO$RCES A&4 T!E E&7IRO&'E&T10 Sustaina!le measures of economic "ro'th (i0e0
includin" indicators of environmental constraintson "ro'th)
20 Discovery& depletion and de"radation of naturalassets in the economic process
Core Economic Statistics # RequiredCapacity
12