Quarterly National Accounts: Methods and sources of the quarterly and monthly national accounts compilations for Norway
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Date
2021-08Metadata
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Abstract
Statistics Norway started publishing the Monthly National Accounts on 11
September 2018, and this changed the way the Norwegian Quarterly National
Accounts (QNA) were compiled. The objective of this document is to provide a
transparent and explicit description of the sources and methods in use. It updates
and replaces the description of quarterly compilation of national accounts
published in December 2013 (Korsnes, 2014).
The document is divided into chapters containing detailed information on the
compilation of the QNA. Chapter one serves as a quick summary of the document
and contains the most essential information, which in turn is explained in more
detail in the following chapters. Chapter two presents a publication timeline for
relevant statistics released by the Division for National accounts, as well as
revision- and co-ordination policy. Chapter three goes into detail on the overall
compilation approach, including aspects such as balancing, benchmarking and
seasonal adjustment methods. Chapters four to six deal with the calculation of
gross domestic product from the three different approaches (production-,
expenditure and income approach), while chapter seven explains the sources and
methods of the integrated labour accounts. Chapter eight lists the source statistics
used in the compilation of the Norwegian Monthly National Accounts (MNA) and
QNA.
Due to the timing of the monthly and quarterly estimates (+/- 40 days after the
reference period), flash estimates are not compiled. The proposed chapter eight
about flash estimates in the Eurostat guidelines is therefore left out.