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 Programme9.2.1.1.1 Administrative Data sources9.2.1.1.1.1 Statistical AnnexAnnual financial statements of the enterprises have been one of the most importantadministrative data to estimate economic indicators. After the changes of NationalStandards of Accounting it was difficult to estimate the production and intermediateconsumption of the enterprises. In order to elaborate national accounts in cooperationwith the Ministry of Finance, Tax Authority and Albanian National AccountingCouncil, a new statistical annex (see Annex K) was part of the financial statements ofthe non-financial units consigned to Tax Authority. The statistical annex will be usedto check the consistency of the SBS data, to cover all the economic activities(including NOE estimations) and to estimate national accounts indicators as theoutput, intermediate consumption, value added and investment of the non-financialunits.9.2.1.1.1.2 Financial QuestionnaireThe FISIM calculations are regulated in Council Regulation (EEC) no. 448/98 of16 February 1998 and council regulation (EC) No 1889/2002. The former definesthe FISIM calculations of production and expenditure by institutional sector andthe latter implements them.The statistical units that are covered in the FISIM calculations are all financialinstitutions engaged in financial intermediation of loans and/or deposits where therate of interest is controlled by that very unit. The main financial institution thatproduces FISIM is banks.In order to evaluate the financial intermediation services indirectly measured(FISIM) and to allocate it to institutional sectors it is necessary to have specialinformation at level of units belonging to financial sector. For this purpose, in theframe of IPA 2007 project support for the alignment of the Albanian statisticswith EU standards, a special questionnaire (see Annex K) was elaborated tocollect information needed for improving the FISIM estimations in line withCouncil Regulation 448/1998.The data collected by the survey is for the years 2009 and 2010 and providesinformation about:‣ Stocks of loans and deposits for resident and non-resident sectors;‣ Paid and received interest;‣ Investment of banks;‣ Activity of local units.120/236

IPA 2009 Multi-beneficiary StatisticalCooperation ProgrammeThe survey will be conducted at level of commercial banks registered and withactivity in Albania. The questionnaire comprises the following main categories ofinformation:Identification data: name of unit, address, ownership, legal form;Annual stock of loans and deposits and paid and received interest;Output of financial intermediation services: loans granted by residentfinancial intermediaries to resident sectors and resident sectors deposits toresident financial intermediaries.Investment dataActivity of local units9.2.1.1.1.3 Insurance questionnaireIn order to improve the estimation of production and intermediate consumption ofthe insurance enterprises it was necessary to conduct a questionnaire (see AnnexM) with special economic indicators for this activity. Also this new data sourcewill help to perform institutional sectors and regional accounts. The data will becollected for the years 2008, 2009 and 2010.9.2.1.2 Improvement of the Expenditure approach methodology.Actually, Expenditure approach is not calculated independently. Some of itscomponents are estimated directly, including Net-Exports, Government FinalConsumption, and Final Consumption of Non-Profit Institutions and of Grossfixed Capital Formation.Final consumption of households is estimated by extrapolation using a range ofindicators resulting from production approach.As a result in the process of consistency of GDP by production and expenditureapproach, changes in inventories and statistical discrepancy are combined asresidual and balancing item.Actually, in Albanian National Accounts the decisive factor for the size of GDP isonly the production approach, without having any control from the expenditureside, and it means as well that the expenditure approach needs improvement.In the framework of IPA 2007 project, National Accounts component, theimprovement of Annual GDP by Production and by Expenditure is one of theobjectives.The aim is to evaluate the main components of GDP by expenditure approach:Households final consumption (HFC), Gross Fixed Capital Formation (GFCF)and Government final consumption (GFC) independently from Production.The activity is focused on the estimation of the GDP in the independent way. Onthis purpose, main activities realized till now are:121/236

IPA 2009 Multi-beneficiary StatisticalCooperation Programme9.2.1.1.1 Administrative Data <strong>sources</strong>9.2.1.1.1.1 Statistical AnnexAnnual financial statements <strong>of</strong> the enterprises have been one <strong>of</strong> the most importantadministrative data to estimate economic indicators. After the changes <strong>of</strong> NationalSt<strong>and</strong>ards <strong>of</strong> Accounting it was difficult to estimate the production <strong>and</strong> intermediateconsumption <strong>of</strong> the enterprises. In order to elaborate national accounts in cooperationwith the Ministry <strong>of</strong> Finance, Tax Authority <strong>and</strong> <strong>Albania</strong>n National AccountingCouncil, a new statistical annex (see Annex K) was part <strong>of</strong> the financial statements <strong>of</strong>the non-financial units consigned to Tax Authority. The statistical annex will be usedto check the consistency <strong>of</strong> the SBS data, to cover all the economic activities(including NOE estimations) <strong>and</strong> to estimate national accounts indicators as theoutput, intermediate consumption, value added <strong>and</strong> investment <strong>of</strong> the non-financialunits.9.2.1.1.1.2 Financial QuestionnaireThe FISIM calculations are regulated in Council Regulation (EEC) no. 448/98 <strong>of</strong>16 February 1998 <strong>and</strong> council regulation (EC) No 1889/2002. The <strong>for</strong>mer definesthe FISIM calculations <strong>of</strong> production <strong>and</strong> expenditure by institutional sector <strong>and</strong>the latter implements them.The statistical units that are covered in the FISIM calculations are all financialinstitutions engaged in financial intermediation <strong>of</strong> loans <strong>and</strong>/or deposits where therate <strong>of</strong> interest is controlled by that very unit. The main financial institution thatproduces FISIM is banks.In order to evaluate the financial intermediation services indirectly measured(FISIM) <strong>and</strong> to allocate it to institutional sectors it is necessary to have specialin<strong>for</strong>mation at level <strong>of</strong> units belonging to financial sector. For this purpose, in theframe <strong>of</strong> IPA 2007 project support <strong>for</strong> the alignment <strong>of</strong> the <strong>Albania</strong>n statisticswith EU st<strong>and</strong>ards, a special questionnaire (see Annex K) was elaborated tocollect in<strong>for</strong>mation needed <strong>for</strong> improving the FISIM estimations in line withCouncil Regulation 448/1998.The data collected by the survey is <strong>for</strong> the years 2009 <strong>and</strong> 2010 <strong>and</strong> providesin<strong>for</strong>mation about:‣ Stocks <strong>of</strong> loans <strong>and</strong> deposits <strong>for</strong> resident <strong>and</strong> non-resident sectors;‣ Paid <strong>and</strong> received interest;‣ Investment <strong>of</strong> banks;‣ Activity <strong>of</strong> local units.120/236

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