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Supply and Use Tables: 2017

Supply and use tables provide a detailed picture of the supply of goods and services by domestic production and imports and the use of goods and services for intermediate consumption and final use (consumption, gross capital formation, exports). They are compiled for 216 products and 95 industries.

For publication purposes, a high level of aggregation was chosen due to confidentiality obligations. The tables are presented at NACE section level in which industries and products are grouped in 19 categories (Annexes 1 and 2).
For research purposes, the tables can be further disaggregated and grouped in 44 categories.
The supply table (Table 1) shows the source of the total value of the supply of goods and services at purchasers’ prices,by product, in the Maltese economy. In 2017, the share of domestic production in total supply at purchasers’ prices stood at 63.7 per cent. The share of imports was 33.7 per cent, while the share of net taxes (taxes less subsidies on products) stood at 2.6 per cent.
Chart 1 provides further detail on the shares of domestic production and imports in total supply at basic prices by product.

The use table at purchasers’ prices (Table 2) shows how the supply of each product was used in the economy across the major types of use identified in national accounting. These use categories are intermediate consumption, final consumption of households, non-profit institutions serving households and general government, gross capital formation and exports.
Chart 2 shows the composition of each type of use by type of product at purchasers’ prices. The supply of agricultural products (products A) is mostly used as intermediate consumption of locally produced goods and services (38.6 per cent), with the next most important uses being exports (31.9 per cent) and final consumption (24.6 per cent). The use of these products in gross capital formation is limited (4.9 per cent).
The main use of the supply of industrial products (products B to F) is also intermediate consumption (38.9 per cent), with the rest spread between final consumption (23.3 per cent), exports (23.1 per cent) and gross capital formation (14.7 per cent).
Again, the supply of services (products G to U) is mostly used as intermediate consumption (43.5 per cent), closely followed by exports (39.7 per cent). The next most important use of these products is final consumption (14.9 per cent), while gross capital formation plays a limited role (1.9 per cent).

Supply and use tables are also available at previous year’s prices. Data is presented at an aggregated level in Table 3 (supply table at purchasers’ prices) and Table 4 (use table at purchasers’ prices).
Compiling prices and volumes within an accounting framework of supply and use tables makes it possible to derive economic growth in volume terms and inflation at the sectoral level of the total economy. In addition, price changes and volume growth can be derived for products and industries, and final demand categories. This offers the opportunity to perform detailed analysis, such as that relating to productivity.

Article wirtten by NSO

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