Description of methods and sources for Albania - INSTAT

IPA 2009 Multi-beneficiary StatisticalCooperation ProgrammeP.62 Exports of servicesP.7 Imports of goods and servicesP.71 Imports of goodsP.72 Imports of servicesBut, for the moment we publish only P6 and P7.5.2 ValuationIn Albanian National Accounts, household final consumption and gross fixed capitalformation were estimated by purchaser's prices and these data do not need anyadjustments.The HBS is the basic source for estimating household consumption expenditure byCOICOP, but it was not used for the 2006 calculation. Household ConsumptionExpenditure for the year 2006 was calculated by extrapolating the 2005 data withannual growth of Services for households output.General government consumption expenditure is estimated as the sum of output bythe cost approach, output for own final use and other non-market output.In Albania, General Government Consumption in 2006 had the same value as theoutput estimated by the cost approach. Output estimated on the basis of the costapproach is equal with the sum of intermediate consumption, compensation ofemployees, other taxes on production and consumption of fixed capital estimated.Values of sales are not deducted from the total output.Gross Fixed Capital Formation was valued at purchaser’s prices, including allexpenditures that are necessary to make the asset ready for use.Inventories are not published as a different component, but in the experiments made,inventories are valued at average prices of the observed period. Figures in accountingdata of inventories (finished goods, work-in-progress, raw materials and otherintermediate goods, and goods for resale) at the beginning and at the end of theperiod are recalculated (deflated/inflated) by activity and by type of inventory to theaverage prices of the period. Changes in inventories are the difference between therecalculated inventory levels at the end and at the beginning of the year.As for the external trade statistics, estimates are made by the Bank of Albania.Imports of goods are estimated at cif prices, while Export of Goods and services areevaluated at fob prices. Cif/fob adjustments are made to adjust the data on imports ofgoods.5.3 Transition from private accounting and administrative concepts to ESA95NA conceptsThe Albanian National Accounts Directory ensures it receives enough data to makeany adjustment necessary for the transition from business accounting concepts toESA 95 national accounts concepts, ensuring a correct treatment within the accounts.88/236