ORDER OF THE HEAD OF BUREAU OF NATIONAL STATISTICS OF THE AGENCY ON STRATEGIC PLANNING AND REFORMS OF THE REPUBLIC OF KAZAKHSTAN

of December 8, 2021 No. 43

About approval of the Method of calculation of gross value added of financial activities in real terms

According to the subitem 5) of article 12 of the Law of the Republic of Kazakhstan "About the state statistics", and also the subitem 22) of Item 17 of the Regulations on the Agency on strategic planning and reforms of the Republic of Kazakhstan approved by the Presidential decree of the Republic of Kazakhstan of October 5, 2020 No. 427, I ORDER:

1. Approve the enclosed Method of calculation of gross value added of financial activities in real terms.

2. To provide to department of national accounts together with Legal department of Bureau of national statistics of the Agency on strategic planning and reforms of the Republic of Kazakhstan in the procedure established by the legislation:

1) state registration of this order in the Ministry of Justice of the Republic of Kazakhstan;

2) placement of this order on Internet resource of Bureau of national statistics of the Agency on strategic planning and reforms of the Republic of Kazakhstan.

3. To impose control of execution of this order on the supervising deputy manager of Bureau of national statistics of the Agency on strategic planning and reforms of the Republic of Kazakhstan (Dzharkinbayev Zh. A.).

4. This order becomes effective after ten calendar days after day of its first official publication.

Approved by the Order of the Head of Bureau of national statistics of the Agency on strategic planning and reforms of the Republic of Kazakhstan of December 8, 2021 No. 43

Method of calculation of gross value added of financial activities in real terms

Chapter 1. General provisions

1. The method of calculation of gross value added of financial activities in real terms (further - the Technique) belongs to the statistical methodology created according to international standards and approved according to the Law of the Republic of Kazakhstan "About the state statistics".

2. In this Technique calculation of Gross value added by the form of economic activity "Financial and insurance activity" in real terms is considered.

3. In this Technique the following concepts are used:

1) intermediate consumption (further - software) - the cost of goods and services which are transformed or are completely consumed in production process in the accounting period;

2) deflator - the indicator characterizing the average change in price in economy for certain period;

3) gross value added (further - VDS) - difference between release of goods and services and intermediate consumption. This indicator includes the cost of fixed capital consumed in production process;

4) gross release (further - VV) - the release of goods and services representing the total cost of the goods and services which are result of productive activity of resident units of national economy in the accounting period;

5) gross internal product (further - GDP) - one of the most important indicators of system of national accounts characterizing resulting effect of economic activity of the country;

6) index of physical amount (further - IFO) - the relative indicator characterizing change of production volumes in the compared periods. Is calculated by division of cost of the certain indicator in current period estimated in the prices of the basic period into its cost in the basic period;

7) the consumer price index (further - IPTs) - characterizes change in time of the average level of the prices of the fixed basket of the goods and services acquired by the population for private consumption;

8) system of national accounts (further - the satellite navigation system) - the system of statistics constructed in the form of certain set of the accounts and tables characterizing results of economic activity of the country.

Chapter 2. Calculation of gross value added of financial activities

Paragraph 1. Calculation of gross value added of financial activities in current prices

4. According to the satellite navigation system of 2008 the sector of finance corporations includes all resident corporations which main activities consist in provision of financial services, including services of financial intermediation, service of insurance and service of provision of pensions, and also units performing types of activity which help financial intermediation.

5. Calculation of VV and software of financial activities in current prices is created according to the following techniques:

1) to technique of accounting of release of services of the financial intermediation approved by the order of the Chairman of Committee according to the statistics of the Ministry of national economy of the Republic of Kazakhstan of September 23, 2016 No. 217 (it is registered in the Register of state registration of regulatory legal acts No. 14362);

2) to technique of accounting of financial services of banks of the second level approved by the order of the Chairman of Committee according to the statistics of the Ministry of national economy of the Republic of Kazakhstan of October 3, 2016 No. 226 (it is registered in the Register of state registration of regulatory legal acts No. 14393);

3) to technique of accounting of services of the Central Bank approved by the order of the Chairman of Committee according to the statistics of the Ministry of national economy of the Republic of Kazakhstan of November 21, 2016 No. 271 (it is registered in the Register of state registration of regulatory legal acts No. 14539);

4) to technique of accounting of services of the insurance approved by the order of the Chairman of Committee according to the statistics of the Ministry of national economy of the Republic of Kazakhstan of August 4, 2017 No. 114 (it is registered in the Register of state registration of regulatory legal acts No. 15627);

5) to technique of the accounting of services of the pension funds approved by the order of the Acting Chairman of Committee according to the statistics of the Ministry of national economy of the Republic of Kazakhstan of August 16, 2017 No. 118 (it is registered in the Register of state registration of regulatory legal acts No. 15687).

6. Calculation of VDS of financial activities in current prices is perfromed on the following formula:

(1)

where:

GVAFSD - VDS of financial activities in current prices;

OUTFSD - VV of financial activities in current prices;

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