Description of methods and sources for Albania - INSTAT
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Description of methods and sources for Albania - INSTAT

Description of methods and sources for Albania - INSTAT Description of methods and sources for Albania - INSTAT

instat.gov.al
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12.07.2015 Views

IPA 2009 Multi-beneficiary StatisticalCooperation ProgrammeCHAPTER 8: TRANSITION FROM GDP TO GNI8.0 Introduction and reference frameworkThis chapter describes the transition of Gross Domestic Product (GDP) to GrossNational Income (GNI). This transition is realized through data on primary incomesbetween residents and non-residents (S.2). Main incomes are compensation ofemployees received by residents from non-residents and paid to non-residents fromresidents and property incomes received by residents and paid to non-residents. Theprincipal data source for compilation of GNI is the balance of payments (BoP). TheNational Bank of Albania is responsible for compiling the Balance of Payments andthe Institute of Statistics uses the data in the compilation of the GDP-GNI transition.The transition from GDP to GNI for year 2009 is described in Table 8.1.56Table 8.1 Transitions from Gross Domestic Product to Gross National IncomeYear 2009Gross domestic product 1 1,148,082Compensation of employees, net 2 = 3 - 4 20,709from the rest of the world 3 21,555to the rest of the world 4 845Property income, net 5 = 6 - 7 -37,853from the rest of the world 6 14,026to the rest of the world 7 51,879GROSS NATIONAL INCOME 8 = 1+2+51,130,9398.1 IncomeIncome covers two types of transactions between residents and non-residents:i. Compensation of employees who are paid to non-resident workers (seasonalworkers, border and others who work for a short-term) andii. Investment income (property income) in foreign assets and financialliabilities. The latter include the income and payment in direct investment,portfolio investment, other investments and income from reserve funds. Therevenues from the use of physical assets are not included in income, but bythe case they may be treated as other services, transport services or leasing.114/236

IPA 2009 Multi-beneficiary StatisticalCooperation Programme8.2 Definition and classification8.2.1. Compensation of employeesCompensation of employees includes salary, bonuses and other benefits, obtained bynon-resident individuals in an economy, for work performed for residents of thiseconomy.This category also includes payments made by employers on behalf of workers'insurance contributions or pension funds that represent benefits for employees.In this category of employees are included seasonal workers or those employed for ashort-term (less than a year) and border workers who have their center of economicinterest in their country of origin.As embassies and consulates are considered as non-resident units in economieswhich are located, compensation (salary, bonuses and other benefits) received by thelocal staff (the host country) employed in these institutions are classified as apayment from non-resident to residents.Personal expenses made by seasonal and border workers, in economies in whichthey work are recorded in the voice “Travels”. Fees, fines, social security funds paidby the workers in these economies are recorded as “Current Transfers”.In Albanian Balance of Payments records for these allowances and expenses arepresented gross as it is recommended in the Balance of Payments Manual.8.2.2. Income from investmentThis category covers income derived from ownership of residential units on foreignfinancial assets. The most common types of investments income are:i. Income on equity (dividend)ii. Income from debt (interest).Dividend represents distributed profit to shareholders in proportion with theircontribution in the capital of the company. It represents a payable income without thenecessity of an agreement signed between the creditor and debtor. Other types ofincome from capital can be mentioning the income from subsidiaries and otherenterprises (unincorporated) direct investment. Interest includes income from loansand debt securities. Interest is paid on the basis of an agreement between creditor anddebtor.Incomes from investments are classified as:• Interest on Reserves• Income from Capital• Other income from investments115/236

IPA 2009 Multi-beneficiary StatisticalCooperation Programme8.2 Definition <strong>and</strong> classification8.2.1. Compensation <strong>of</strong> employeesCompensation <strong>of</strong> employees includes salary, bonuses <strong>and</strong> other benefits, obtained bynon-resident individuals in an economy, <strong>for</strong> work per<strong>for</strong>med <strong>for</strong> residents <strong>of</strong> thiseconomy.This category also includes payments made by employers on behalf <strong>of</strong> workers'insurance contributions or pension funds that represent benefits <strong>for</strong> employees.In this category <strong>of</strong> employees are included seasonal workers or those employed <strong>for</strong> ashort-term (less than a year) <strong>and</strong> border workers who have their center <strong>of</strong> economicinterest in their country <strong>of</strong> origin.As embassies <strong>and</strong> consulates are considered as non-resident units in economieswhich are located, compensation (salary, bonuses <strong>and</strong> other benefits) received by thelocal staff (the host country) employed in these institutions are classified as apayment from non-resident to residents.Personal expenses made by seasonal <strong>and</strong> border workers, in economies in whichthey work are recorded in the voice “Travels”. Fees, fines, social security funds paidby the workers in these economies are recorded as “Current Transfers”.In <strong>Albania</strong>n Balance <strong>of</strong> Payments records <strong>for</strong> these allowances <strong>and</strong> expenses arepresented gross as it is recommended in the Balance <strong>of</strong> Payments Manual.8.2.2. Income from investmentThis category covers income derived from ownership <strong>of</strong> residential units on <strong>for</strong>eignfinancial assets. The most common types <strong>of</strong> investments income are:i. Income on equity (dividend)ii. Income from debt (interest).Dividend represents distributed pr<strong>of</strong>it to shareholders in proportion with theircontribution in the capital <strong>of</strong> the company. It represents a payable income without thenecessity <strong>of</strong> an agreement signed between the creditor <strong>and</strong> debtor. Other types <strong>of</strong>income from capital can be mentioning the income from subsidiaries <strong>and</strong> otherenterprises (unincorporated) direct investment. Interest includes income from loans<strong>and</strong> debt securities. Interest is paid on the basis <strong>of</strong> an agreement between creditor <strong>and</strong>debtor.Incomes from investments are classified as:• Interest on Reserves• Income from Capital• Other income from investments115/236

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