National Accounts

National accounts or national account systems (NAS) are the implementation of complete and consistent accounting techniques for measuring the economic activity of a nation. These include detailed underlying measures that rely on double-entry accounting. By construction such accounting makes the totals on both sides of an account equal even though they each measure different characteristics, for example production and the income from it. As a method, the subject is termed national accounting or, more generally, social accounting. Stated otherwise, national accounts as systems may be distinguished from the economic data associated with those systems. While sharing many common principles with business accounting, national accounts are based on economic concepts.

National accounting has developed in tandem with macroeconomics from the 1930s with its relation of aggregate demand to total output through interaction of such broad expenditure categories as consumption and investment. Economic data from national accounts are also used for empirical analysis of economic growth and development.

Read more about National AccountsScope, Main Components, History

Other articles related to "national accounts, account, accounts":

Net Material Product
... (NMP) was the main macroeconomic indicator used for monitoring growth in national accounts of socialist countries during the Soviet era ... equivalent of Gross Domestic Product (GDP) in the United Nations System of National Accounts, although numerically the two measures are calculated ... and the total value of all services classified as “non-productive” in the socialist system of national accounts (which are part GDP) ...
Consumption Of Fixed Capital - Consumption of Fixed Capital in National Accounts
... In national accounts, CFC is a component of value added or Gross Domestic Product, and regarded as a cost of production ... It may account for 10 per cent or more of total GDP." CFC is defined "in a way that is theoretically appropriate and relevant for purposes of ... depreciation actually recorded in business accounts, or as allowed for taxation purposes, especially if there is price inflation ...
Agriculture In Afghanistan - National Accounts
... Fund - $22 million Iran - $10 million Opec - $1.8 million Current account balance - $736 million (2010 est.) country comparison to the world 132 ...
Compensation Of Employees - Criticism
... that the main components of CE are not separately itemised in the accounts ... When national accounts were originally designed, social insurance contributions were not so large, but as they have become large since that time, it is argued they ought to be ... argued, a distinction must be drawn in the accounts between income actually received by workers, and deferred income (such as social insurance payments), and all ...
National Accounts - History
... The original motivation for the development of national accounts and the systematic measurement of employment was the need for accurate measures of aggregate economic activity ... The first formal national accounts were published by the United States in 1947 ... the United Nations published A System of National Accounts and Supporting Tables in 1952 ...

Famous quotes containing the words accounts and/or national:

    Simplicity, simplicity, simplicity! I say, let your affairs be as two or three, and not a hundred or a thousand; instead of a million count half a dozen, and keep your accounts on your thumb-nail.
    Henry David Thoreau (1817–1862)

    Disney World has acquired by now something of the air of a national shrine. American parents who don’t take their children there sense obscurely that they have failed in some fundamental way, like Muslims who never made it to Mecca.
    Simon Hoggart (b. 1946)