MAIN ECONOMIC INDICATORS DATABASE NOTES

JUNE 2003

AVAILABLE ON DISK FROM 06-06-2003
(STA05)DBNotes/Jun

 

 NATIONAL ACCOUNTS

From April 2003 National Accounts data are entirely consistent with OECD Quaterly National Accounts.

In order to facilitate cross country comparisons, seasonally adjusted volume indices are now available for OECD Member countries (except for Czech Republic, Greece, Hungary, Iceland, Ireland, Luxemburg, Poland, Slovak Republic and Turkey) for:

Gross Domestic Product
Private final consumption expenditure
Governement final consumption expenditure
Gross fixed capital formation
Exports of goods and services
Imports of goods and services

Zone estimates are calculated using country data converted from national currencies by the 1995 GDP Purchasing Power Parity (PPP).

Series are quarterly with the exception of Greece and Luxembourg who do not currently produce quarterly national accounts.

Gross Domestic Product and Expenditure on GDP are also available at market prices in national currency.
Quarterly data are at quarterly levels except for Canada, Mexico, the United States and Japan who publish quarterly national accounts data at annual levels.

A list of all suppressed and all new series can be found in the attached NEWSERIES_qna.CSV   SUPPSERIES_QNA.CSV files.


Series identifier for Quarterly national Accounts are built in the following way:

Country code.Series code.Measure code

The country code is the ISO country code.

Series codes and titles are standardised whenever the data are comparable.
See below the standard set of titles and corresponding codes.
However, when a series is substantially different from the standardised title,
the difference is indicated both in the title and in the series code.

Series Code Series Title

GDP BY TYPE OF EXPENDITURE


EXPGDP Gross domestic product
EXPPC Private final consumption expenditure
EXPGC Government final consumption
EXPGF Gross fixed capital formation
EXPST Increase in stocks
EXPEXP Exports of goods and services
EXPIMP Imports of goods and services
EXPSD Residual item


COMPARATIVE VOLUME INDICES

CMPGDP Gross domestic product
CMPPC Private final consumption expenditure
CMPGC Government final consumption
CMPGF Gross fixed capital formation
CMPEXP Exports of goods and services
CMPIMP Imports of goods and services


Measure code
The measure code is made of the information contained in the three following elements.

* First element : valuation

C Current prices
VNB Constant prices, national base year
LNB Chained constant prices, national base year
VOB Constant prices, official OECD base year (1995)
DNB Implicit price deflator, national base year = 100
DOB Implicit price deflator expressed with 1995 = 100
VIXNB Volume index, national base year = 100
VIXOB Volume index expressed with 1995 = 100
CPC Current prices converted with current PPPs
VPC Current prices converted with 1995 PPPs
VPVOB Constant 1995 prices converted with 1995 PPPs

* Second element : level of the quarterly data

AR The quarterly data for a series are expressed at annual level
QR The quarterly data for a series are expressed at quarterly level

* Third element : seasonal adjustment

SA The quarterly series is seasonally adjusted




DATA AVAILABILITY FOR NON-MEMBER COUNTRIES

From January 2003, only data for the six major Non-Member countries (Brazil, China P.R., India, Indonesia, Russia and South Africa) are included and published in the MEI publication and related electronic version. However, all other Non-Member countries previously included in MEI are from January 2003 only available (free) on the OECD web-site (www.oecd.org) in a document entitled "Main Economic Indicators: Non-Member Countries". This document can be located by selecting directorates, statistics and statistics for Non-Member countries.


SEASONAL ADJUSTMENTS

New seasonal adjustments by OECD are generally carried out once a year,when the December figure is available. Revisions to individual series
due to new seasonal adjustments by national source or by OECD are not signalled in this note.


CANADA
Business tendency surveys (manufacturing)
 The following series have been revised by source for the entire period due to a new classification (NAICS):
   BSS % Firms capital bottleneckCAN.BSBOCA01.ST
   BSS % Firms raw material bottleneckCAN.BSBORM01.ST
   BSS % Firms skilled labour bottleneckCAN.BSBOSK01.ST
   BSS Finished goods stocks: levelCAN.BSFGLV01.ST
   BSS Finished goods stocks: level saCAN.BSFGLV01.STSA
   BSS Order books: levelCAN.BSOBLV01.ST
   BSS Orders inflow: tendencyCAN.BSOITE01.ST
   BSS Production: future tendencyCAN.BSPRFT01.ST
   BSS Production: future tendency saCAN.BSPRFT01.STSA

MEXICO
Consumer opinion surveys
 The following series has been included. Data are available on a monthly basis from 2002:
   Consumer Confidence IndicatorMEX.CSCICP01.IXNB

CZECH REPUBLIC
Production
 New national base year (2000=100) for the following series from 1998:
   IIP ConstructionCZE.PRPECN01.IXOB





DENMARK
Producer Prices
 The following series have been suppressed:
   PPI MANUFACTURINGDNK.PPIAMP01.IXOB
   PPI CONSUMER GOODSDNK.PPTGCG01.IXOB
   PPI INTERMEDIATE GOODSDNK.PPTGIG01.IXOB
   PPI INVESTMENT GOODSDNK.PPTGVG01.IXOB
 New national base year (2000=100) for the following series from 1985, replacing series:DNK.PPTGIG01.IXOB.1; The new series excludes energy:
   PPI Intermediate goods excluding EnergyDNK.PPTGIG02.IXOB
 New national base year (2000=100) for the following series from 1985:
   PPI INVESTMENT GOODSDNK.PPTGVG01.IXOB
 New national base year (2000=100) for the following series from 1985:
   PPI Consumer goodsDNK.PPTGCG01.IXOB
 New national base year (2000=100) for the following series from 1985:
   PPI MANUFACTURINGDNK.PPIAMP01.IXOB


GREECE
Wholesale prices
 The following series has been suppressed:
   WPI PETROLEUM DERIVATIVESGRC.WPOTRP01.IXOB
 New national base year (1995=100) for the following series from 1995:
   WPI PETROLEUM DERIVATIVESGRC.WPOTRP01.IXOB


HUNGARY
Domestic Demand
 New national base year (2000=100) for the following series from 1998:
   RETAIL SALES VOLUMEHUN.DDRSVO01.IXOB
   RETAIL SALES VOLUME SAHUN.DDRSVO01.IXOBSA
Foreign Trade
 The following series have been included:
   ITS Exports f.o.b. total saHUN.XTEXVA01.NCMLSA
   ITS Imports c.i.f. total saHUN.XTIMVA01.NCMLSA
   ITS Net trade (f.o.b. - c.i.f.) saHUN.XTNTVA01.NCMLSA



IRELAND
Consumer Price Index
 The following series have been suppressed:
   CPI HOUSINGIRL.CPSEHO01.IXOB
   CPI Services less housingIRL.CPSELR01.IXOB
 New national base year (December 2001=100) for the following series from 1997:
   CPI HousingIRL.CPSEHO01.IXOB
 New national base year (December 2001=100) for the following series from 1997:
   CPI Services less housingIRL.CPSELR01.IXOB

ITALY
Labour compensation
 New national base year (2000=100) for the following series from 1996:
   Hourly wage rate: industryITA.LCWRMN01.IXOB

POLAND
Foreign Trade
 The following series have been included:
   ITS Exports f.o.b. total saPOL.XTEXVA01.NCMLSA
   ITS Imports c.i.f. total saPOL.XTIMVA01.NCMLSA
   ITS Net trade (f.o.b. - c.i.f.) saPOL.XTNTVA01.NCMLSA



PORTUGAL
Consumer Price Index
 The following series have been suppressed:
   CPI EnergyPRT.CPGREN01.IXOB
   CPI All items non-food non-energyPRT.CPGRLE01.IXOB
 New national base year (2002=100) for the following series from 2002:
   CPI EnergyPRT.CPGREN01.IXOB
 New national base year (2002=100) for the following series from 2002:
   CPI All items non-food non-energyPRT.CPGRLE01.IXOB



SLOVAK REPUBLIC
Business tendency surveys (manufacturing)
 The quarterly figures for the following series are no longer available:
   Industrial confidence indicatorSVK.BSCICP01.ST
   Finished goods stocks: LevelSVK.BSFGLV01.ST
   Total order books: LevelSVK.BSOBLV01.ST
   Production: Future tendencySVK.BSPRFT01.ST
Foreign Trade
 The following series have been included:
   ITS Exports f.o.b. totalSVK.XTEXVA01.NCML
   ITS Exports f.o.b. total saSVK.XTEXVA01.NCMLSA
   ITS Imports f.o.b. totalSVK.XTIMVA01.NCML
   ITS Imports f.o.b. total saSVK.XTIMVA01.NCMLSA
   ITS Net trade (f.o.b. - f.o.b.)SVK.XTNTVA01.NCML
   ITS Net trade (f.o.b. - f.o.b.) saSVK.XTNTVA01.NCMLSA
 The following series have been suppressed:
   ITS Exports f.o.b. totalSVK.XTEXVA01.CXML
   ITS Imports f.o.b. totalSVK.XTIMVA01.CXML
   ITS Net trade (f.o.b. - f.o.b.)SVK.XTNTVA01.CXML


EURO AREA
Business tendency surveys (manufacturing)
 The following series have been revised by source for the entire period due to a one month backward shift carried out on data for Germany and Italy:
   BSS Rate of Capacity Utilisation (EC), saEMU.BSCURT01.STSA
   BSS Finished Goods, Stocks Level (EC), saEMU.BSFGLV01.STSA
   BSS Order Books, Level (EC), saEMU.BSOBLV01.STSA
   BSS New Orders in Recent Months (EC), saEMU.BSOITE01.STSA
   BSS Industrial Confidence Indicator (EC), saEMU.BSOTBC01.STSA
   BSS Production Future Tendency (EC), saEMU.BSPRFT01.STSA
Producer Prices
 The following series have been completed backwards by source with data from 1985 to 1989:
   PPI Total Manufacturing - Domestic MarketEMU.PPIAMP01.IXOB
   PPI Non-durable Consumer Gds - Dom. MktEMU.PPTGND01.IXOB


BRAZIL
Currency Conversions
 The following series has been included:
   Brazilian reals/ USD exchange rate mth. avg.BRA.CCUSMA02.ST
 The following series has been suppressed:
   US$ exchange rate: spotBRA.CCUSSP01.ST


CHINA
Currency Conversions
 The following series has been included:
   Chinese Yuang/USD exchange rate mth. avg.CHN.CCUSMA02.ST
 The following series has been suppressed:
   US$ exchange rate per. ave.CHN.CCUSMA01.ST


INDIA
Currency Conversions
 The following series has been included:
   Indian rupee/USD exchange rate mth. avg.IND.CCUSMA02.ST
 The following series has been suppressed:
   US DOLLAR EXCHANGE RATE SPOTIND.CCUSSP01.ST



INDONESIA
Interest Rates
 The following series has been suppressed:
   Long-term interest rateIDN.IRLTOT10.ST
Currency Conversions
 The following series has been included:
   Indonesian ruppe/USD exchange rate mth. avg.IDN.CCUSMA02.ST
 The following series have been suppressed:
   US$ exchange rate (end of period)IDN.CCUSSP01.ST





RUSSIAN FEDERATION
Currency Conversions
 The following series has been included:
   Russian rubble/USD exchange rate mth. avg.RUS.CCUSMA02.ST
 The following series has been suppressed:
   US$ Exchange rate per. averageRUS.CCUSMA01.ST
National Accounts (for Non-members)
 The following series have been included:
   Gross capital formation (cst. prices)RUS.SNGVCF01.NCCU
   Gross fixed capital form. (cst. prices)RUS.SNGVCF02.NCCU
   Changes in inventories (cst. prices)RUS.SNGVCF03.NCCU
   Final consumption (cst. prices)RUS.SNGVCT01.NCCU
   Households consumption (cst. prices)RUS.SNGVCT03.NCCU
   NPISH (cst. prices)RUS.SNGVCT04.NCCU
   Government consumption (cst. prices)RUS.SNGVCT05.NCCU
   Exports of gds and serv. (cst. prices)RUS.SNGVEX01.NCCU
   Imports of gds and serv. (cst. prices)RUS.SNGVIM01.NCCU
   Statistical discrepancy (cst. prices)RUS.SNGVSD01.NCCU
   Gross domestic product (cst. prices)RUS.SNGVTT01.NCCU
 The following series have been suppressed:
   Gross capital formation (cst. prices)RUS.SNGVCF01.IXPY
   Gross fixed capital formation (cst. prices)RUS.SNGVCF02.IXPY
   Final consumption (cst. prices)RUS.SNGVCT01.IXPY
   Households consumption (cst prices)RUS.SNGVCT03.IXPY
   Nonprofit institutions serving householdsRUS.SNGVCT04.IXPY
   Government consumption (cst prices)RUS.SNGVCT05.IXPY
   Gross domestic product (cst. prices)RUS.SNGVTT01.IXPY
 The following series have been revised by source for the entire period:
   Gross Capital Formation (Curr. prices)RUS.SNGCCF01.NCCU
   Gross fixed capital form. (Curr. prices)RUS.SNGCCF02.NCCU
   Changes in inventories (Curr. prices)RUS.SNGCCF03.NCCU
   Final consumption (Curr. prices)RUS.SNGCCT01.NCCU
   Households conssumption (curr. prices)RUS.SNGCCT03.NCCU
   NPISH (curr. prices)RUS.SNGCCT04.NCCU
   Government consumption (curr. prices)RUS.SNGCCT05.NCCU
   Exports of gds and serv. (curr. prices)RUS.SNGCEX01.NCCU
   Imports of gds and serv. (curr. prices)RUS.SNGCIM01.NCCU
   Statistical discrepancy (curr. prices)RUS.SNGCSD01.NCCU
   Gross domestic product (curr. prices)RUS.SNGCTT01.NCCU
   Gross domestic product (curr. prices) saRUS.SNGCTT01.NCCUSA




SOUTH AFRICA
Domestic Demand
 The following series have been included:
   Retail sales new pass. cars: nbrZAF.DDRSVA06.ML
   Retail sales new pass. cars: nbr saZAF.DDRSVA06.MLSA
 The following series has been suppressed:
   New vehiclesZAF.DDRGVE01.ML
Currency Conversions
 The following series has been included:
   South african rand/USD Exchange rate mth. avg.ZAF.CCUSMA02.ST
 The following series has been suppressed:
   US$ Exchange rate (monthly averages)ZAF.CCUSMA01.ST

FOR FURTHER DETAILS

Detailed methodological information, updated with a delay of one month, is available on this CD-ROM in \doc\MetaCtr.htm or at http://www.oecd.org/std/mei

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