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Min Woo KIM National Income Statistics Coordination Team National Accounts Office Economic Statistics Department The Bank of Korea OECD Working Party on National Accounts 1 ~ 3 December 2010, Paris, France 1957 : Compilation of ANA by the Bank of Korea 1968 : Compilation of QNA 1999 : Inflation-targeting monetary policy regime 2000 : Requests on rapid GDP estimate from the policymakers, academic circles, and journals 2001 : Development of one-step ahead forecasting model of GDP growth 2005 : Compilation of ‘Advance’ estimate(D+28) 2008 : Compilation of ‘Flash’ estimate(D+5) Preemptive Economic Policy Decision Monetary Policy Committee Ministry of Strategy and Finance Compilation completed within 5 days of the end of the reference quarter Monthly data of first two-month and various daily collected data Judgemental extrapolation based on many streams of official and unofficial source data and models Production/Expenditure approaches and balancing procedure Provided only to Monetary Policy Committee Not disclosed to the public ─ Advance Compilation completed and announced within 28 days of the end of the reference quarter Provisional corporate financial statements Published to the public ─ Preliminary Compilation completed and released within 70 days of the end of the reference quarter Final corporate financial statements and various quarterly statistics(Statistics Korea) Published to the public Provided Tables F A P ? Gross Domestic Product by Kind of Economic Activity and Gross National Income ○ ○ ○ ? Expenditure on Gross Domestic Product ○ ○ ○ ? Gross Capital Formation by Sector and Type of Capital Goods ○ ○ ? Composition of Final Consumption Expenditure of Households by Purpose ○ ○ ? Composition of Final Consumption Expenditure of Households by Type ○ ○ ? Gross Saving and Gross Investment 　 　 ○ 　 　 Estimates(%) 　 Difference(%p) Percent change from previous quarter Percent change over previous year Percent cha