25-27 june 2007 - working party stes - oecd paris infra-annual statistics on capital expenditure and...

25-27 June 2007 - Working Party STES - OECD Paris25-27 June 2007 - Working Party STES - OECD Paris

Infra-annual statistics on capital Infra-annual statistics on capital expenditure and company profitsexpenditure and company profits

(Questionnaire results)(Questionnaire results)

Michela GAMBA and Eun-Pyo HONG

OECD/STD/STES


OverviewOverview

33 agencies replied

27 OECD MCs (including both FSO and National Bank of Germany)

5 Non-member countries: Brazil, Chile, China and Slovenia;

3 MCs did not reply: France, Ireland, and Iceland


Q1: Agencies that Q1: Agencies that currently currently conduct conduct surveyssurveys to collect infra-annual to collect infra-annual

quantitativequantitative statistics and metadata statistics and metadata

Private new capital expenditure

45% (15 of 33) of agencies currently conduct surveys; 18 agencies do not conduct any surveys.

Company profits

39% (13 of 33) of agencies currently conduct survey, while 20 agencies do not conduct any surveys; no comments were provided by Canada.


Q2: Agencies Q2: Agencies currently using currently using administrative sourcesadministrative sources to obtain infra- to obtain infra-

annual statistics and metadataannual statistics and metadata


24% (8 of 33) of agencies currently use administrative sources: while 25 agencies do not.

Company profits

Only Canada and Chile use administrative sources; 30 agencies do not use administrative source; and no comments from Netherlands.


Q3: Agencies conducting surveys Q3: Agencies conducting surveys over the next two years to obtain over the next two years to obtain

infra-annual statistics and metadatainfra-annual statistics and metadata

No agencies except possibly Canada who may conduct surveys on private new capital expenditure

- In Canada, a project was underway but stopped due to human resources shortage.

- One of the major issues with this project is the availability of complete infra-annual information on capital-type projects, quarterly or monthly, to ensure complete coverage of the universe.


Q4: Q4: Brief informationBrief information


- Source title: 16 agencies

- Frequency: M (8), Q (12) and 2 to 3 times a year (2)

- Sector coverage: whole economy (5), specific sectors (10)

- National definition: 12 agencies

Company profits


- Frequency: M (1), Q (9) and 2 times a year (1)

- Sector coverage: whole economy (3), specific sectors (7)

- National definition: 7 agencies


Q5: Q5: Other infra-annual statistics used as Other infra-annual statistics used as inputs to Gross Fixed Capital Formation or inputs to Gross Fixed Capital Formation or

Gross Operating Surplus for NAsGross Operating Surplus for NAs



- Frequency: M (8), Q (2) and 2 to 3 times a year (1)

- Sector: whole economy (5), specific sectors (3)

- National definitions: 5 agencies

Company profits


- Frequency: Q (1) and 2 times a year (3)

- Sector: whole economy (1), specific sectors (2)

- National definitions: 2 agencies


Q6: Q6: welcome inclusion of an item welcome inclusion of an item in the agenda for the June 2007 in the agenda for the June 2007

STESWP meetingSTESWP meeting

-14 agencies welcomed: KOR, FIN, GRC, NOR, NZL, SLV, JPN, BEL, CAN, NDL, CHN, ITA, UK, AUS - 9 agencies do not welcome: HUN, SLO, POL, AUT, DEU (NSA), TUR, MEX, USA, LUX

- 10 agencies provided no comment: CHE, CZE, DEN, DEU (Bundersbank), PRT, SWE, BRA, CHL, RUS, ESP


As a result of the replies:As a result of the replies:

approximately 40% of agencies currently collect infra-annual quantitative statistics on new capital expenditure or company profits, and one agency may introduce a new such survey within two years

27% (9 of 33) agencies did not welcome the inclusion of this task in the agenda for the 2007 STESWP meeting to identify and discuss benefits and possibilities of further STESWP work in these areas to harmonise national practices.


56% (5 of 9) of the agencies which did not welcome or 60% (6 of 10) of agencies that provided no comment on the inclusion of this item in the STESWP agenda currently collect some information on these topics which would therefore facilitate sharing of information and practices in this field; 29% (4 of 14) of the agencies which supported this work do not currently collect any information; 4 agencies without special surveys and administrative sources collect some related information for capital expenditure; and countries which do not conduct surveys or use administrative sources to obtain such data use partially related data provided by other sources (generally other government department) or calculate them as a residual in NAs.


Consequently, although results do not provide overwhelming support for future STESWP work

on this topic, some additional observations lend support to

the idea


Thank you.Thank you.

25-27 june 2007 - working party stes - oecd paris infra-annual statistics on capital expenditure and...

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