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Improving the measurement of banking services in the UK National Accounts

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  • Leonidas Akritidis

    (Office for National Statistics)

Abstract

Defines the UK methodology in calculating and allocating FISIM, describing the changes to the National Accounts.This article was first released on the National Statistics website to coincide with the launch by the Office for National Statistics of the experimental statistics release and transmission to the European Commission of new estimates reflecting changes to the way that FinancialIntermediation Services Indirectly Measured (FISIM) is treated in the UK National Accounts.The article defines the UK methodology in calculating and allocating FISIM and describes the changes to the National Accounts. It also provides the impacts of early estimates at both current prices and chained volume measures on gross domestic product levels and growth.Economic & Labour Market Review (2007) 1, 29–37; doi:10.1057/palgrave.elmr.1410073

Suggested Citation

  • Leonidas Akritidis, 2007. "Improving the measurement of banking services in the UK National Accounts," Economic & Labour Market Review, Palgrave Macmillan;Office for National Statistics, vol. 1(5), pages 29-37, May.
    • Handle: RePEc:pal:ecolmr:v:1:y:2007:i:5:p:29-37
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    Citations

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    Cited by:

    1. Ben Lockwood, 2010. "How Should Financial Intermediation Services be Taxed?," Working Papers 1014, Oxford University Centre for Business Taxation.
    2. Jacob Assa, 2015. "Financial Output as Economic Input: Resolving the Inconsistent Treatment of Financial Services in the National Accounts," Working Papers 1501, New School for Social Research, Department of Economics.
    3. Brunhart, Andreas & Kellermann, Kersten & Schlag, Carsten-Henning, 2012. "Drei Phasen des Potentialwachstums in Liechtenstein," KOFL Working Papers 11, Konjunkturforschungsstelle Liechtenstein (KOFL), Vaduz.
    4. Anthony Atkinson, 2010. "Measuring Health Output, Productivity and Equity: Future Challenges," Monograph 000221, Office of Health Economics.
    5. Burgess, Stephen, 2011. "Measuring financial sector output and its contribution to UK GDP," Bank of England Quarterly Bulletin, Bank of England, vol. 51(3), pages 234-246.
    6. Bill Martin, 2020. "Resurrecting the UK Corporate Sector Accounts," Working Papers wp519, Centre for Business Research, University of Cambridge.
    7. Goodridge, PR & Haskel, J & Wallis, G, 2014. "The "C" in ICT: communications capital, spillovers and UK growth," Working Papers 18382, Imperial College, London, Imperial College Business School.

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