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UNECE - WGGNA Merchanting

Explore the impact of merchanting on economic data consistency, calculation methods, and operational guidelines. Evaluate examples and proposed improvements for clearer treatment and data presentation. Discuss future monitoring of merchanting activities.

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UNECE - WGGNA Merchanting

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  1. Agenda item 6 UNECE - WGGNAMerchanting Michael Connolly – National Accounts, CSO Ireland April 2010

  2. Outline of Presentation • Merchanting • Review of the Chapter • Response to the Review • Questions to Countries • Conclusion Globalisation –Impact on economic statistics STCPM 51

  3. Merchanting Movement of goods/services Germany exporter/seller South Africa importer/buyer Change in ownership Cash settlement Ireland Merchant Globalisation –Impact on economic statistics STCPM 51

  4. Merchanting

  5. Results of review – Consistency with NA and BOP • Calculation of the margin – Eurostat • Consistency in BOP and National Accounts • Recording in both sets of accounts • Comments of UNSD &UN Trade and Services – operational guidelines and definition from IMTS2010 • Worked examples WGGNA - Merchanting

  6. Results of review – Consistency with NA and BOP • Improved presentation of data in examples • Operational Treatment and Data sources • Illustrations in the body of the text WGGNA - Merchanting

  7. Questions for Countries and International Organisations • Is the required treatment clear? • Does it clearly set out the required recording procedures? • Are there sufficient guidelines on identifying Merchanting activities? • Are there gaps regarding informing respondents and users of the data? • Are the examples adequate? • Is it accepted that merchanting of services is a phenomenan to be monitored in future? WGGNA - Merchanting

  8. Results of review – Proposals • Areas for Further Work • Merchanting of Services WGGNA - Merchanting

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