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Main Outcomes of MCM 2010

National Accounts Working Party Working Party on Financial Statistics 1 st December 2010 Introductory Remarks Martine Durand OECD Chief Statistician.

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Main Outcomes of MCM 2010

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  1. National Accounts Working PartyWorking Party on Financial Statistics1st December 2010Introductory RemarksMartine DurandOECD Chief Statistician

  2. -Report on MCM 2010-Main highlights of CSTAT’s 2011-2012 Programme of Work and Budget- Implications for national accounts and financial statistics

  3. Main Outcomes of MCM 2010 Paris, 27-28 May 2010

  4. Main Outcomes of MCM 2010 • Ministers endorsed the Secretary-General’s Strategic Orientations’ paper and the 6 priority areas he has identified for increased “horizontal work” over the next biennium : • development • green growth • skills • gender • measuring progress • anti-corruption • Intermediate or final products on these priorities will be delivered on the occasion of the OECD 50th Anniversary

  5. Main Outcomes of MCM 2010 (2) • Ministers discussed sources of growth (e.g. Green Growth; Innovation; Trade and Investment) to build more resilient and productive economies and referred to Measuring Progress of Societies • Ministers also discussed how to foster economic development and social progress in developing countries • They endorsed a Declaration on Propriety, Integrity and Transparency in the Conduct of International Business and Finance • The OECD Factbook with a special focus on the crisis was released at the OECD Forum during the MCM

  6. CSTAT’s Strategic Orientations and Draft 2011-2012 PWB Main highlights

  7. Structural Changes to CSTAT PWB • Main activities have been regrouped into 6 core areas • National Accounts and PPPs; Financial Statistics • Composite Leading Indicators and other Short-Term Indicators • International Trade and Competitiveness Indicators • Business and Globalisation Indicators • Labour and Households Statistics • Coordination of OECD Statistical Work and Other Coordination Activities • Under a single Output Area • 6.2.1 : Statistical Coordination, Research, Collection and Dissemination

  8. Priorities for 2011-12 • PWB reflects OECD-wide priorities relevant to CSTAT : • Increased work with Enhanced Engagement Countries • Measuring Progress • Green growth • New Sources of Growth: Follow-up to Innovation Strategy • Gender • Communications and Dissemination • As well as CSTAT’s own priorities: • Reinforcing core statistical information and IT infrastructure • Developing new streams of methodological work • Enhancing CSTAT’s coordination role

  9. Prioritisation of new activities and research projects

  10. Implications for financial statistics and national accounts and the WPNA & WPFS

  11. Improving and extending financial and non-financial accounts and related indicators • Quarterly sector accounts: for the first time, the following data will be collected on quarterly basis • Financial accounts • Institutional investors • Household assets and liabilities • Non-financial sector accounts • Environmental accounts (joint work with ENV) • OECD contributes to revision of SEEA • Measures of CO2 embodied in imports, using Input-Output tables • Research on extended growth accounting and productivity measurement that take account of natural assets and environmental services

  12. Improving and extending financial and non-financial accounts and related indicators (2) • Disaggregation of household distribution of income account by income quintile: OECD/Eurostat Taskforce put in place • Measures of own-account production of household services • Decomposition of differences between growth rates of volume GDP and real disposable household income • Intangible assets –beyond NA • Estimates of human capital • Measurement issues in conjunction with innovation capital (jointly with STI/NESTI)

  13. Nearly all these issues are on the agenda of this meeting! • STD, together with other directorates of OECD are engaged in all these directions of work. In view of the challenges ahead, there is a need for co-operation with other international organisations and national data providers

  14. Thank you for your attention!

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