BY SYLVANA TEKUMAHA
The first ever Supply and Use, and Input and Output Tables (SUT/IOT) was published by the Solomon Islands National Statistics Office (SINSO) yesterday, adding a key statistical and development milestone for the country.
A statement from the Statistics office of the Ministry of Finance and Treasury (MoFT) yesterday said that the SUT /IOT for the Solomon Islands is benchmarked to 2012 expanding from the National Accounts/Gross Domestic Product (GDP) at current and constant 2012 prices.
As stated, this is the first SUT/IOT complied for the Solomon Islands by the SINSO with technical support from the Asian Development Bank (KSTA 6565).
“The SUTs form an integrated and central framework expanding from the recommendations of the System of National Accounts (2008 SNA) for the compilation of a single and coherent estimate of GDP comprising the three main approaches of production, income and expenditure with close associations to other parts of the SNA framework,” the statement said.
The Statistics office said basically, the SUTs shows how products (goods and services) are supplied into the Solomon Islands economy through domestic production and imports in the supply side, and how these products are used through intermediate consumption and final consumption by households, non-profit institution serving households, general government, gross capital formation and exports.
The SUTs also encompasses linkages between the gross value added (GVA), industry inputs and outputs and can also reveal connections of different institutional sectors such as government and non-financial corporations of the SNA framework.
It also provides analytical resource in its own right presenting interactions between producers and consumers.
The statement said an important use of SUTs is it acts as the basis for producing input-output tables (IOT), and other related products and indicator analyses.
“The IOTs reveal the linkages between final uses and intermediate uses of goods and services disaggregated by industry outputs (industry-by-industry tables) or by product outputs (product-by-product tables), and separately also shows the consumption of goods and services produced in the domestic economy and those imported goods and services.
“The past and current compilation of the GDP estimates by SINSO have been undertaken outside the SUT framework. Hence, going forward into the medium-long term, SINSO aims to align the GDP compilation system within the SUT framework,” said the statement.
The Statistics office noted in the statement that further information about the publication and information about the statistics can be obtained from the publication No.2/2026 and downloaded also from the SINSO website https://statistics.gov.sb
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