General architecture of the QNA system Sample Clauses

General architecture of the QNA system. The compilation of QNA in Estonia is mostly built upon the direct approach. This means that detailed source data are used to compile estimates of various components of GDP, which are then summed up in order to arrive at the final estimate. The QNA also use indicators and modelling approaches to estimate less impactful components for which there are no short-term statistics (STS) available. However, the majority of components are based on data from surveys and official registries. There is no indirect estimation or independent modelling of GDP as a whole. As ANA are also compiled with the direct approach, it means that both sets of accounts have a similar approach for compiling the estimates. The main differences between ANA and QNA concern data sources and the level of detail in those sources. While ANA have the use of more complete data sources, QNA need to compile estimates on a slightly more aggregated level. As ANA and QNA are fully integrated, QNA need to account for possible inconsistencies in short- term data in order to provide a coherent time series. The full integration of QNA and ANA time series allows the publication of ANA time series for components for which there are no detailed survey data yet available. The publication of the 4th quarter of a reference year is considered as the first estimate of the reference year as the sum of its quarters. GDP is estimated by two independent methods – the production approach and the expenditure approach. The production approach is the headline indicator. There are no explicit residual items within the two methods and the statistical discrepancy is provided alongside the expenditure approach. GDP by income approach is compiled alongside the production approach, with operating surplus and mixed income being residual items. The production approach is compiled by institutional sector on the two-digit XXXX level. There is an expert in charge of every institutional sector. Net product taxes are compiled independently. The expenditure side is compiled by transaction – household final consumption, final consumption of the government sector, the consumption expenditure of non-profit institutions serving households, gross fixed capital formation, inventories, exports and imports. The calculation of financial intermediation services indirectly measured (FISIM) is done separately on a detailed level. The results are later added to the provisional estimates without FISIM. The same expert is responsible for the compil...
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