Full Sequence of

Accounts
By
Capital and External
Accounts Sub
Directorate

BPS - Statistics Indonesia

The Role of Capital and External Account

Sub Directorate
in construction of Full Sequence of
Accounts
Column Wise:
by Institutional Sectors, such as:
- Financial Corporations
- The Rest of the World (ROW)
Row Wise: As Capital Account for all
institutional sectors

Subsectors of Financial
Corporations Sector:
1. Central bank (Bank Indonesia)
2. Banking (Bank Umum Konvensional, BPR Konvensional,
BPR Syariah)
3. Insurance (Asuransi kerugian dan Reasuransi, Asuransi
Jiwa, Asuransi dan Reasuransi Syariah, Asuransi Sosial dan
Jaminan Sosial Tenaga Kerja, Asuransi untuk PNS dan
TNI/Polri, Pialang Asuransi dan Pialang Reasuransi serta
Perusahaan Penilai Kerugian Asuransi)
4. Pension Funds (Perusahaan Dana Pensiun Pemberi Kerja
dan Dana Pensiun Lembaga Keuangan)
5. Pawnshop (merupakan data konsolidasi dari 13 kantor
wilayah, 712 kantor cabang konvensional, 157 Kantor
Cabang Syariah dan 4051 Unit Pelayanan Cabang dan Unit
Pelayann Syariah di seluruh Indonesia)
6. Financing Companies (sewa guna usaha/leasing, Anjak
Piutang/factoring, Pembiayaan konsumen/consumer
finance, kartu kredit/credit card)

Central Bank and

Banking
Currently Bank Indonesia is in the process of
compiling the full sequence of accounts for year
2010 both Central bank and Banking data.
For the purpose of compilation of Flow of Fund Account-BPS,
Bank Indonesia periodically supplies monetary data Capital
and External to Accounts Sub Directorate, and also
Production Account data of Banking sector
In accordance to construct accounts other than
production and financial accounts, more detailed data on
banking sector are required, for which a formal request to
Bank Indonesia is needed
Quarterly data time lag on Central Bank and Banking Account
is two months.

Insurance
Insurance data can be obtained from The Ministry of Finance
(Bapepam LK) or can be downloaded from
www.bapepam.go.id.
Time lag of yearly data is 6 months.
Bridging conversion data is usually needed to convert
those financial reports into full sequence of accounts format.
The financial reports are not available in detail, so the
detailed decomposition of data is created by using the
structure of financial reports obtained from some go public
Insurance companies.
In the future, audited financial reports of Insurance companies
from independent auditor are required, especially where
technical notes are available

Pension
Funds
Consolidated data on Pension Funds is quoted from
Bapepam LK- Ministry of Finance, or can be accessed from
www.bapepam.go.id. The data is available in limited
information (lack of technical notes). The special surveys of
Pension Fund Companies in Jakarta region is done to
complement the lack of information.
Yearly time lag data is 6 months.
Bridging conversion data is usually needed to convert those
financial reports into full sequence of accounts format.
The financial reports are not available in detail, so the detailed
decomposition of data is created by using the structure of
financial reports obtained from some the special survey.

Pawnshop
Pawnshop data can be downloaded through
www.pegadaian.go.id.
Yearly time lag data is 3 months.
Bridging conversion data is usually needed to convert those
financial reports into full sequence of accounts format.

Money Market Funds; Non Money Market Funds; Financial Auxiliaries

Even thought the activity of those Subsectors is exist but currently
Capital and External Accounts Sub Directorate still unable to
access the data.

The Rest of the World

(ROW)
Consists of the value of export and import goods and export and import of
services
Concept of Resident: Institutional unit which has a center of predominant
economic interest in the economic territory of the country
Valuation of Foreign Trade:
Exports: free on board (f.o.b)
Imports: ideally should be valued on fob also [or (c.i.f - i - f)],
but currently is valued on (CIF-I)
Each export and import goods data can be classified on 10 digit HS for annual data,
and 2 digit HS for monthly data. Meanwhile, export and import services from Bank
Indonesia comprise of 11 categories. Besides, both of manufacturing services on
physical input owned by others and maintenance and repair services n.i.e data will
be treated as new service (12th category)
Time lag of monthly data on goods around 1 month as a carry over data (not
actual data). In contrast, time lag of quarterly data on service around 2 months
Data source of export and import goods are mainly from data released by
Directorate of Distribution Statistic-BPS and adjustment data (direct purchase and
undocumented transaction) are from Capital and External to Accounts Sub
Directorate
Data source of export and import services is estimated by Capital and External to
Accounts Sub Directorate (there is a little bit different if compare with BOP value
that issued by Bank Indonesia)

Methodology of Export Goods in GDP Compilation

(Before implementation of The SNA 2008)
1.Data Statistik PEB dari Subdit. Stat X
(Bulanan; Dalam USD; fob; HS2 digit; dgn carry over)

2.Agregasi Data Statistik PEB

(Triwulanan; Dalam USD; fob; SUT)

3.Penghitungan Direct Purchase & Undercoverage X (Triwulanan;

Dalam USD; SUT)

Proxy (DP+UC) X = 7% (2010-skg); 8% (2005-2009); >10% (2003-2006); 5% (2000-2002)

4.Penghit. Nilai X Brg dlm USD = (2) + (3)

(Triwulanan; fob; SUT)

5.Penghit. Nilai X Brg PDB adhb = (4) * Kurs Tertimbang X

(Triwulanan; Dalam Rp; fob; SUT)

Ekspor Barang adhk 2000 =

Nilai X Brg PDB adhb / IHPB Tertimbang X 2000=100

Methodology of Import Goods in GDP Compilation

(Before implementation of The SNA 2008)
1.Data Stat. PIB (tanpa KBN) dari Subdit. Stat M
(Bulanan; Dalam USD; cif; HS2 digit; dgn carry over)

2.Agregasi Data Statistik PIB (tanpa KBN)

(Triwulanan; Dalam USD; cif; SUT)

3.Penghitungan Direct Purchase, Insurance & Undercoverage M

(Triwulanan; Dalam USD; SUT)

Rasio UC M = 5% (2008-skg); 7% (2006-2007); 0% (2000-2005)

Rasio DP M = 4% (2000-skg); Rasio Insurance = 0,4% (2000-skg)

4.Penghit. Nilai M Brg dlm USD = (2) + DP + UC - I

(Triwulanan; fob; SUT)

5.Penghit. Nilai M Brg PDB adhb = (4) * Kurs Tertimbang M

(Triwulanan; Dalam Rp; fob; SUT)

Impor Barang adhk 2000 =

Nilai M Brg PDB adhb / IHPB Tertimbang M 2000=100
(Triwulanan; Dalam Rp; not fully fob (msh dgn freight); SUT)

Deflator that used in compilation of Constant Value of Export Services

(Before Implementation of The SNA 2008)
No.

Jenis Jasa

Metode Penghitungan
ADHB
(3)
NPI Bank Indonesia; Indepth Study Transaksi
Internasional Jasa-Jasa Tahun 2008-2009; Subdit.
Statistik Transportasi.
Subdit. Statistik Pariwisata (Survey Inbound)

(1)
1

(2)
Jasa Angkutan

Jasa Perjalanan

Jasa Komunikasi

Jasa Konstruksi

Jasa Keuangan

NPI Bank Indonesia; Indepth Study Transaksi

Internasional Jasa-Jasa Tahun 2008-2009; Subdit.
Statistik Komunikasi dan Teknologi Informasi.
NPI Bank Indonesia; Indepth Study Transaksi
Internasional Jasa-Jasa Tahun 2008-2009; Subdit.
Statistik Konstruksi; Lembaga Pengembangan Jasa
Konstruksi (LPJK).
NPI Bank Indonesia; Subdit. Statistik Keuangan.

Jasa Asuransi

NPI Bank Indonesia; Subdit. Statistik Keuangan.

Jasa Royalti dan Lisensi

NPI Bank Indonesia; Subdit. Statistik Keuangan.

Jasa Komputer dan Informasi NPI Bank Indonesia; Subdit. Statistik Komunikasi dan
Teknologi Informasi.

Jasa Perusahaan Lainnya

10

Jasa Perseorangan, Budaya, NPI Bank Indonesia.

dan Rekreasi

11

Jasa Pemerintah

NPI Bank Indonesia; Indepth Study Transaksi

Internasional Jasa-Jasa Tahun 2008-2009.

NPI Bank Indonesia; Departemen Keuangan.

ADHK
(4)
Implisit Subsektor Jasa Angkutan; Kurs
Beli Uang Kertas, Bank Indonesia.
IHK Komoditas Makanan Jadi; Kurs
Beli Uang Kertas, Bank Indonesia.
Implisit Subsektor Jasa Komunikasi;
Kurs Beli Uang Kertas, Bank
Indonesia.
Implisit Sektor Konstruksi; Kurs Beli
Uang Kertas, Bank Indonesia.
Implisit Subsektor Bank; Kurs Beli
Uang Kertas, Bank Indonesia.
Implisit Subsektor LKBB; Kurs Beli
Uang Kertas, Bank Indonesia.
Implisit Subsektor Jasa Perusahaan;
Kurs Beli Uang Kertas, Bank
Indonesia.
Implisit Subsektor Jasa Perusahaan;
Kurs Beli Uang Kertas, Bank
Indonesia.
Implisit Subsektor Jasa Perusahaan;
Kurs Beli Uang Kertas, Bank
Indonesia.
Implisit Subsektor Jasa Lain Swasta;
Kurs Beli Uang Kertas, Bank
Indonesia.
Implisit Subsektor Jasa Pemerintah;

Deflator that used in compilation of Constant Value of Import Services

(Before Implementation of The SNA 2008)

No.

Jenis Jasa

(1)

(2)

Metode Penghitungan
ADHB
(3)
NPI Bank Indonesia; Impor Barang PDB; Indepth
Study Transaksi Internasional Jasa-Jasa Tahun
2008-2009.
Subdit. Statistik Pariwisata (Survey Outbund)

ADHK
(4)
Deflator Impor Barang; Kurs Jual
Transaksi, Bank Indonesia.

Jasa Angkutan

Jasa Perjalanan

Jasa Komunikasi

NPI Bank Indonesia; Indepth Study Transaksi

Internasional Jasa-Jasa Tahun 2008-2009.

Inflasi IHK Malaysia; Kurs Jual

Transaksi, Bank Indonesia.
Subdit. Neraca Jasa; Kurs Jual
Transaksi, Bank Indonesia.

Jasa Konstruksi

NPI Bank Indonesia; Indepth Study Transaksi

Internasional Jasa-Jasa Tahun 2008-2009.

Subdit. Neraca Barang; Kurs Jual

Transaksi, Bank Indonesia.

Jasa Keuangan

NPI Bank Indonesia; Indepth Study Transaksi

Internasional Jasa-Jasa Tahun 2008-2009.

Subdit. Neraca Jasa; Kurs Jual

Transaksi, Bank Indonesia.

Jasa Asuransi

Seksi Neraca Luar Negeri; Kurs Jual

Transaksi, Bank Indonesia.

Jasa Royalti dan Lisensi

NPI Bank Indonesia; Impor Barang PDB; Indepth

Study Transaksi Internasional Jasa-Jasa Tahun
2008-2009.
NPI Bank Indonesia; Indepth Study Transaksi
Internasional Jasa-Jasa Tahun 2008-2009.

Jasa Komputer dan Informasi NPI Bank Indonesia; Indepth Study Transaksi
Internasional Jasa-Jasa Tahun 2008-2009.

Subdit. Neraca Jasa; Kurs Jual

Transaksi, Bank Indonesia.

Jasa Perusahaan Lainnya

NPI Bank Indonesia; Indepth Study Transaksi

Internasional Jasa-Jasa Tahun 2008-2009.

Subdit. Neraca Jasa; Kurs Jual

Transaksi, Bank Indonesia.

10

Jasa Perseorangan, Budaya,

dan Rekreasi
Jasa Pemerintah

NPI Bank Indonesia; Indepth Study Transaksi

Internasional Jasa-Jasa Tahun 2008-2009.

Subdit. Neraca Jasa; Kurs Jual

Transaksi, Bank Indonesia.

NPI Bank Indonesia; Indepth Study Transaksi

Internasional Jasa-Jasa Tahun 2008-2009.

Subdit. Neraca Jasa; Kurs Jual

Transaksi, Bank Indonesia.

11

Subdit. Neraca Jasa; Kurs Jual

Transaksi, Bank Indonesia.

Problems on the compilation of Export

and Impor Data
The lack of freight data
The import value of bounded warehouse data is still not covered
The unavailability of merchanting data
The sale of non monetary gold is not yet counted
The valuation of exchange rate is still based on the average of weighted export
(not yet using transaction exchange rate)
Constant value (2000=100) of Export and import goods is derived by using unit
price deflator indices that refer to pattern of related wholesale price indices growth
Unavailability of 2010 BOP data compiled by Bank Indonesia, therefore the export
and import of service data in GDP is estimated by NMLN Sub directorate-BPS
Adjustment value (direct purchase and undocumented transaction) derived from
special study, can not be decomposized by HS code
Export- import of service data is supplied by Bank Indonesia. Subject matter is still
unable to support NMLN Sub Directorate, except travel services ( Inbound and
outbound data) .
In the future, need to re-construct matrix of Import Destination therefore enable
to measure the proper composition of raw material (intermediate input) goods
portion, capital formation goods portion and consumer goods portion
In order to construct ROW account completely is needed data support of BOP and
IIP (international Investment Position) from Bank Indonesia, including detailed
counterpart transaction with resident