In-Depth Review of Satellite Accounting Advisory Expert Group November 2018

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Given the proliferation of satellite accounts, an in-depth review was conducted by the CES Bureau to determine the need for general guidance on priority areas and approaches in developing satellite accounts. The review led by Statistics Canada in collaboration with international organizations aims to address key questions and gather preliminary results from 82 countries on the compilation of satellite accounts.

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In-depth review of satellite accounting Advisory Expert Group November 2018

In-depth review of satellite accounting Given the apparent proliferation of satellite accounts, the CES Bureau decided to conduct an in-depth review to determine if the international community should develop general guidance on priority areas and recommended approaches in the development of satellite accounts. This guidance could include the relationship of satellite accounts to the central framework of national accounts, priority areas of development, and the allocation of resources and responsibilities for compiling the respective satellite accounts. The Bureau noted that some form of typology is also required, given the increasingly diverse nature of satellite accounting. The in-depth review is is led by Statistics Canada in collaboration with UNECE, Eurostat, OECD, UNSD, and the IMF.

2008 SNA and Satellite Accounts Type 3 (Thematic / Extensions) Type 1 (Thematic) Type 2 (Extensions) Rearrangement of the classifications, presentation and possible addition of complimentary information not found in the existing core accounts. No change to the underlying concepts of the core system Modification of the underlying concepts, boundaries of the core system and/or testing new methods. (e.g. including volunteer activities as production) Any combination of 1 and 2

Discussion at the Advisory Expert Group (AEG) General guidance to a range of compilers (including experts working outside the domain of national accounts) around the development of thematic accounts. Thematic Satellite Accounts Sustainability and well-being extensions A more strategic and global orientation on the compilation of satellite accounts for Type 2 satellite accounts System of National Economic Accounts Peter Van de Ven - A Future Strategy for Compiling Satellite Accounts

In-depth review Key areas of investigation The in-depth review of satellite accounting will attempt to answer the following questions: What is the current state of play? What are the factors that underlie demand? What type of accounts are being compiled? How are satellite accounts being compiled and who is undertaking the compilation? What type of guidance is being used? What type of guidance is being requested?

In-depth review Preliminary Results 82 countries responded to the survey. Data was provided for 241 unique satellite accounts.

In-depth Review Preliminary Results Thematic or activity accounts appear to be more prevalent than well-being and sustainability type accounts. Responses by type of account 140 120 Number of responses 100 80 60 40 20 0 Thematic Accounts Well-being and Sustainability Accounts Unknown

In-depth Review Drivers The majority of satellite accounts were initiated by the NSO. The majority of the satellite accounts were funded by the NSO How are the development costs related to this satellite account funded? No response Shared between the NSO and a non-government organization Shared between the NSO and a government organization Fully funded by the NSO Fully funded by an outside non- governmental organization Fully funded by an outside government organization 0 50 100 150 Number of responses

In-depth Review Motivation Most satellite accounts are developed in order to give more prominence to an activity or subject. Most satellite accounts do not deviate from the core SNA concepts.. In which ways does this satellite account deviate from the core concepts of the System of National Accounts? This satellite account does not deviate from the core concepts of The SNA or other international classifications were altered The consumption boundary was altered The asset boundary was altered The production boundary was altered 0 50 100 150 200 Number of responses

In-depth Review Reference Years The majority of reference start dates are 2000 or later. Most countries have on- going programs. Is this satellite account currently active within your country? 250 Number of responses 200 150 100 50 0 Yes No No response

In-depth Review Frequency and Timeliness The majority of countries produce annual estimates. Most accounts are released well after the reference period. Timeliness No response Not released >24 24 18 12 9 6 3 0 10 20 30 40 50 60

In-depth Review Compilation Most statistical organizations have established specialized groups to develop and compile national accounts. International guidance was readily available. Was international guidance available? 250 200 150 100 50 0 Yes No No response

In-depth Review Design / Input Most NSOs rely on international organizations for input into the development of satellite accounts. Most NSOs only consult one organization when compiling their accounts. Range of Input 140 120 100 80 60 40 20 0 One organizaiton Two organizations Three Organizations

In-depth Review Design / Input NSOs received a wide range of input from outside organizations. Range of input 80 70 60 50 40 30 20 10 0 No input One type of input Two types of input Three types of input Four types of input

In-depth Review Demand There is significant unmet demand. There are a total of 241 satellite accounts produced 130 are demanded but not produced. Unmet demand is evenly split between Thematic Satellite Accounts and Extensions. Demand by Type 80 70 60 50 40 30 20 10 0 Thematic Extensions

In-depth Review Guidance Countries are seeking guidance on a wide range of satellite accounts. Requirement for guidance aligns with priority areas of development. What type of satellite account do you feel you need the most guidance? 120 100 80 60 40 20 0 Extensions Thematic Accounts

In-depth review of satellite accounts Next Steps Prepare file and analyse results (November 2018) Draft report outline (November 2018) Draft report (December 2018) Circulate for discussion (mid-January 2019) Present report to the CES Bureau in February 2019 and to the CES in June 2019

In-depth review of satellite accounts Questions for discussion Are there other questions we should address with this review? Which issues we should bring to the attention of the CES and the Bureau? What are your thoughts on developing a set of well- being accounts similar to the system of environmental and economic accounts? What does this look like in the context of the SNA? Additional chapters? Supplementary guide?