Maldives Supply and Use Tables for the Year 1997 Are Contained and Processed in an Excel Spreadsheet Framework
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Ministry of Planning and National Development Male', Republic of Maldives MaldivesMaldives SupplySupply andand UseUse TablesTables forfor thethe YearYear 19971997 Based on the work of Ms. Aishath Hassan and W.A. van den Andel in close collaboration with Mrs. Aishath Shahuda and the staff of the Economic Statistics Section Prepared for the Ministry of Planning and National Development, Malé, Maldives by the Asian Development Bank under TA No. 2988-MLD Executive Summary This report describes the methodology used in the preparation of the Supply and Use Table (SUT) for the year 1997, along with a presentation of the main results. The production of the 1997 SUT marked an important milestone in the development of economic statistics in the country. Never before in the Maldives has so much economic data been collected, compiled, processed and analysed. All this information has furthermore been placed in the consistent and comprehensive framework of a supply and use table, thereby providing new insights into the economic structure of the country. Information was drawn from a wide variety of sources, which included extensive survey work as well as the detailed analysis of administrative records of the government and the corporate sector. All information was coded using the classifications for products, activities and transactions as recommended by the United Nations in its System of National Accounts 1993. The amount of new information available was large, but nevertheless, data gaps remained in various areas. The most important problem in this regard was the lack of detail in the commodity description of inputs of materials and services used by the different actors in the economy. This was largely due to the fact that the surveys were conducted for the first time and respondents were not used to keep detailed records of the items used in the production process. Due to various reasons, some activities were not covered broadly enough to provide the quality of data required for the preparation of the SUT. These problems were overcome in the balancing stage of the SUT processing, whereby the supplies and uses of the various product groups were analysed in detail. The SUT for 1997 presented in this report gives a fair description of the economic structure prevailing in the Maldives, even though further improvements are possible with the advent of new data series. The main characteristics of the economy may be summarised as follows. Item Value Share (Rf'million) (%) Household consumption 3,823 0.504 Government consumption 1,002 0.132 Gross fixed capital formation 2,360 0.311 Changes in Inventories 19 0.002 Export of goods 1,336 0.176 Export of services 4,330 0.571 Import of goods 4,240 0.559 Import of services 1,051 0.139 Total GDP by expenditure approach 7,580 1.000 GDP at producers' price 7,031 Import duties 549 Total GDP by Production approach 7,580 Given the 1997 population of Maldives of nearly 259 thousand, this represents a per-capita GDP of more than Rf. 29,000 (nearly US$ 2,500) and household consumption expenditures of nearly Rf. 15,000 per person. It may also be observed that external trade is extremely important as it accounts for nearly 145% of GDP. A summary of the SUT results is given on the following page. i SUPPLY AND USE TABLES FOR MALDIVES, 1997 - AGGREGATED by Industry and Product Supply table ABCDEFG H I JKLMNO Imports Total Total product Industry Whole- Trade, Real Public Retail Trans- supply at Import Electr- Resorts, Trans- Financial Health supply at sale repair estate admini- cif/fob Trade port Products Agri- Manu- icity and Con- hotels and port and interme- Edu- and Other purchas- Duties Fisher-ies Mining and and stration purchas- Trade culture fac-turing water struc-tion restau- commu- diation cation social services Services Goods cif adjust- Margin margins ers' mainte- business and ers' Margin supply rants nications services services ment prices nance services defence prices Agricultural and fishery products 1,140.0 53.4 137.9 409.8 - - - - - - - - - - - - - 547.8 - 379.2 - 109.8 37.9 11.8 Mining products 125.8 5.2 - - 46.4 - - - - - - - - - - - - 46.4 - 64.8 - 3.9 4.2 1.4 Manufactured products 6,647.4 490.5 - - - 1,141.4 - - 5.1 221.7 - - - - - - - 1,368.2 - 3,795.6 - 533.1 392.0 68.0 Electricity and water 300.0 - - - - - 300.0 - - - - - - - - - - 300.0 - - - - - - Construction products 1,477.7 - - - - - - 1,329.7 0.9 - - - - - - - - 1,330.5 147.1 - - - - - Trade and repair services 3,722.3 - - - - 6.1 6.2 44.4 1,058.4 3,276.0 78.9 - - - - - - 4,470.0 333.2 - - (646.9) (434.1) - Resort, hotel and restaurant services 2,218.3 - - - - 0.1 0.0 11.7 3.0 421.1 1,744.5 - - - - - - 2,180.4 543.1 - (424.0) - - (81.2) Financial services 307.2 - - - - - - - - - - 274.1 - - - - - 274.1 70.0 - (36.9) - - - Real estate and business services 1,495.8 - - - - 11.7 0.7 14.5 27.4 159.8 69.8 - 941.2 - 0.2 - - 1,225.3 270.5 - - - - - Other services 1,647.1 - - - - - 0.7 - - 242.5 - - - 835.0 181.0 101.5 138.8 1,499.5 147.6 - - - - - C.i.f./ f.o.b. adjustment on imports - - - - - - - - - - - - - - - - - - (460.8) - 460.8 - - - Total output in producers' prices 19,081.4 549.1 137.9 409.8 46.4 1,159.3 307.6 1,400.3 1,094.7 4,321.0 1,893.2 274.1 941.2 835.0 181.2 101.5 138.8 13,242.1 1,050.7 4,239.6 - - - - Use table Final Consumption ABCDEFG H I JKLMNO Exports Total Expenditures Total Gross Industry Change product Fixed Trade, Real Public use at in Electr- Resorts, Trans- Financial Health Products use at repair estate admini- General Capital Agri- Manu- icity and Con- hotels and port and interme- Edu- and Other purchas- House- Inven- purchas- Fisher-ies Mining and and stration Forma- culture fac-turing water struc-tion restau- commu- diation cation social services ers' Services Goods Govern- tories mainte- business and holds tion ers' price supply rants nications services services prices ment nance services defence Agricultural and fishery products 1,140.0 0.0 - - 142.9 - 0.5 15.1 351.3 - - - - - - - 509.8 - 187.4 442.8 - - - Mining products 125.8 - - - 2.2 - 100.4 - 0.8 - - 6.8 - - - - 110.2 - - 15.6 - - - Manufactured products 6,647.4 4.7 109.9 1.7 279.6 96.5 766.2 143.7 924.0 390.3 1.9 60.5 64.9 7.6 27.9 9.1 2,888.4 - 1,148.4 1,633.1 - 959.0 18.6 Electricity and water 300.0 0.0 0.8 - 15.0 12.2 15.1 18.5 40.1 11.6 3.3 12.2 26.1 17.6 7.8 9.7 190.1 - - 110.0 - - - Construction products 1,477.7 - - 0.3 5.3 - 6.4 1.2 3.1 5.9 - 1.9 26.4 9.0 3.8 3.6 66.7 - - 10.0 - 1,401.0 - Trade and repair services 3,722.3 - - - 0.5 - 32.1 3.6 117.1 97.8 0.0 0.8 77.9 1.0 4.1 6.0 340.8 2,944.7 - 436.7 - - - Resort, hotel and restaurant services 2,218.3 3.1 16.5 6.3 103.2 1.1 35.1 147.4 330.9 234.5 11.2 37.1 114.0 13.5 8.2 6.2 1,068.1 949.0 - 188.1 13.2 - - Financial services 307.2 - - - 12.9 0.2 4.3 8.6 39.4 38.0 167.0 0.4 - - - - 270.9 - - 36.4 - - - Real estate and business services 1,495.8 1.4 0.5 - 53.0 9.6 40.0 65.5 58.1 324.3 9.9 20.6 41.3 9.5 10.6 8.4 652.6 160.1 - 683.1 - - - Other services 1,647.1 - - - 1.9 1.6 0.9 0.4 58.2 19.4 - 0.0 29.0 0.0 2.3 0.2 114.1 276.5 - 267.3 989.2 - - Total intermediate use in purchasers' 19,081.4 9.1 127.7 8.2 616.3 121.1 1,001.0 404.0 1,922.9 1,121.9 193.3 140.2 379.5 58.2 64.7 43.3 6,211.5 4,330.3 1,335.8 3,822.9 1,002.4 2,359.9 18.6 Total Gross Value added/GDP 128.8 282.2 38.2 542.9 186.5 399.3 690.7 2,398.1 771.3 80.8 801.0 455.5 123.0 36.7 95.6 7,030.6 Compensation of employees - 109.6 10.5 145.5 27.5 105.8 86.6 535.6 264.8 20.5 33.7 397.7 118.5 36.8 70.1 1,963.2 Taxes on production - - - 5.1 - 0.9 0.9 235.8 37.5 0.1 - - - - - 280.3 Operating surplus (net) 83.6 172.6 27.6 329.0 115.8 264.9 584.3 1,174.1 306.6 54.8 767.2 - 3.4 (1.2) 15.8 3,898.5 Consumption of fixed capital - - - 63.3 43.2 27.7 18.9 452.6 162.4 5.4 - 57.8 1.1 1.1 9.7 843.4 Total output in producers' prices 137.9 409.8 46.4 1,159.3 307.6 1,400.3 1,094.7 4,321.0 1,893.2 274.1 941.2 835.0 181.2 101.5 138.8 13,242.1 Table of Contents Executive Summary......................................................................................................................i List of appendices...........................................................................................................v List of figures...................................................................................................................v List of tables....................................................................................................................v List of Abbreviations and Acronyms...............................................................................vi CHAPTER 1.