Description of methods and sources for Albania - INSTAT

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IPA 2009 Multi-beneficiary StatisticalCooperation ProgrammeFinal6. Living Standard MeasurementSurvey (LSMS)7. Financial statements of monetaryand insurance institutions1. SBS (final figures)2. Annual Account Statements(Additional data for moreenterprises than in semi finalestimations)3. Value Added Tax4. Administrative data (Ministry ofFinance, Ministry ofAgriculture)5. Business Register6. Living Standard MeasurementSurvey (LSMS)7. Financial statements of monetaryand insurance institutions7. Directory of Custom8. Bank of Albania-Balance of payments1. LSMS2. Retail trade Survey3. Balance of payments4. AAS & SBS5. Administrative datafrom Ministry ofTransport , MoF, MoA6. Old survey on NPISH7. Directory of Custom8. Bank of Albania-Balance of paymentsThe table below shows the discrepancies between the preliminary and the final version ofGDP by production approach.6Table 2.3:Discrepancies between preliminary and final estimationsYear 2005 Year 2006Estimations GDP at Real Growth GDP at Real Growthmarket price of GDP market price of GDPPreliminary 794.781 5.6 861.716 5.4Final 814.797 5.7 882.209 5.420/236
IPA 2009 Multi-beneficiary StatisticalCooperation ProgrammeCHAPTER 3: PRODUCTION APPROACH3.0 GDP according to the production approachThe compilation process of GDP by production approach can be summarized in two steps.In the first step gross value added at basic prices of all branches is estimated as thedifference between output at basic prices and intermediate consumption at purchases’prices less financial services indirectly measured FISIM. In the second step taxes onproducts are added (this step is launched because we don’t have an actual detailed level ofthe origin of the taxes) and subsidies on products are subtracted from the sum of grossvalue added of all branches to obtain GDP at market prices. The table below shows maincategories of GDP by the production approach.7Table 3.1: GDP by the production approach, 2006Main CategoriesIn Million LEKOutput at basic prices 1 525 496Less: intermediate consumption at purchasers’ prices 730 311Less: financial services indirectly measured FISIM 30 446Gross value added at basic prices 764 739Plus: taxes on product 121 188Less: subsidies on products 3 718Gross domestic product at market prices 882.209____________________________________________________________________GDP by production approach is prepared as an independent estimate covered by exhaustivedata sources (financial activities, post and communication, electricity, publicadministration, public education, public health, and for all activities with enterprises ofmore than 5 employees) and also sample surveys data sources for all sectors of theeconomy. The main data sources are available by the beginning of October each year andthe first estimations of annual GDP (preliminary data) by the production approach arefinalized by end of November at the level of 25 activities. Annex C illustrate in more detailthe main classification used in the process of compilation by production approach. A tableis provided below showing the breakdown of GDP for year 2006, according to theproduction approach by main industries, in millions of LEK:21/236
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