Statistical Concepts, Methods and IT Applications

Value-Added of Financial Services: Revision in Methodology and Estimates

The Singapore Department of Statistics (DOS) has revised the GDP estimates. This follows the adoption of improved methodology to estimate the value-added of the financial services sector.

The improved methodology arises from a review of the methodology used in estimating value-added of the financial services sector. The new methodology will reflect more fully the increasingly active trading in international (off-SES) securities and the emerging fund management industry. It will also adopt and implement the conceptual changes introduced in the 1993 System of National Accounts.

The rationale and details of the new methodology are provided in DOS's Information Paper, entitled "Value-Added of Financial Services: Revision in Methodology and Estimates" pdf (49kb).