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Understanding National Accounts: A Comprehensive Guide to GDP Estimation and Analysis

Dive into the basic framework of national accounts, exploring GDP estimation from production and expenditure perspectives. Learn about data consistency, estimation techniques, confronting sources, and SUTs in the ICP. Enhance your capacity in NA compilation and SNA implementation.

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Understanding National Accounts: A Comprehensive Guide to GDP Estimation and Analysis

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  1. Chapter 1Introduction (SUT Handbook) Derek Blades Resource Person May 2014

  2. Basic framework • DP + IMP = IC + HFCE + GFCE + GFCF + INV + EXP • Subtract IMP and IC from both sides • DP – IC = HFCE + GFCE + GFCF + INV + (EXP - IMP) • GDP (P) = GDP (E) • Transport costs, Trade margins, Net taxes on products

  3. Third Quadrant – components of value added

  4. Uses and Applications • Estimate GDP from the two sides – P and E • Consistency of definitions and classifications, valuations standards • Estimation of missing data • Confrontation of data sources • Assessment of data requirements for NA compilations • Capacity building on NA • Implementation of SNA • SUTs in the International Comparison Program (ICP) • Updating preliminary estimates • Input-Output Tables

  5. Questions - omissions Is the introduction clear? Does it help? Anythingelse to add?

  6. Thank you

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