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National accounts aim to describe the economic activity (measurable in monetary terms) of every unit of a national economy. The basic concepts of the SNA are used to analyse and aggregate the numerous aspects of the elementary actions in the economy, and are capable of answering important questions:
National accounts represent a broad and comprehensive statistical system aimed at describing a national economy and how it works. The system uses data on economic activities and relevant classifications to provide a systematic picture of the structure and evolution of a national economy. A national economy circuit is illustrated in Figure 1.
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.
National accounts, being a macro-economic depiction of the “circular flow” of purchasing power (or sim ply ‘money’) through the economy, takes into consideration only those resources that have value in exchange or ‘money value’. Since, human resources do not have an explicit money value (at least not legally since the abolition
What is the System of National Accounts? 1.1 The System of National Accounts (SNA) is the internationally agreed standard set of recommendations on how to compile measures of economic activity in accordance with strict accounting conventions based on economic principles.
National accounts provide systematic and detailed economic data useful for economic analysis to support the development and monitoring of policy-making. This article provides a brief description of various types of accounts in the EU.
The System of National Accounts (SNA) is the internationally agreed standard set of recommendations on how to compile measures of economic activity. The SNA describes a coherent, consistent...
