| Economic Accounts
Constant Prices (at constant prices) – valuation
of transactions, wherein the
influence of price changes from the base year to the current
year has been removed.
Gross Domestic Product – the value of all goods
and services produced
domestically; the sum of gross value added of all resident
institutional units engaged in production (plus any taxes, and
minus
any subsidies, on products not included in the values of their
outputs).
Gross Regional Domestic Product
- aggregate of the gross value added or
income from each industry or economic activity of the regional
economy.
Gross National Product – the Gross Domestic
Product adjusted with the net
factor income from the rest of the world. It refers to the aggregate
earnings of the factors of production (nationals) plus indirect
taxes
(net)
and capital consumption allowance.
Gross Value Added – the difference between gross
output and
intermediate inputs. Gross outputs of a production unit during a
given period is equal to the gross value of the goods and services
produced during the period and recorded at the moment they are
produced, regardless of whether or not there is a change of
ownership. Intermediate inputs refer to the value of goods and
services used in the production process during the accounting period.
Personal Consumption Expenditures - consist of
actual and imputed
expenditures of households for the purpose of acquiring
individual
consumption goods and services.
Source: 1993
System of National Accounts developed by the Commission
of the European Communities, International Monetary Fund,
Organization for Economic Cooperation and Development,
United Nations and World Bank.
Glossary
of Terms |
