World Tables Variables
USE AND ORIGIN OF RESOURCES
(current and constant prices)
- Gross national product (GNP)
Comprises gross domestic product (GDP) at purchaser values (market prices) plus net factor income from abroad.
- Net factor income from
- abroad (currentprices) Includes the net compensation of employees (with less than one year of residence in the host country) and the net property and entrepreneurial income components of the System of National Accounts (SNA). The major components of the latter are investment income and interest on short- and long-term capital.
- Gross domestic product (GDP)
Gross domestic product at purchaser values (market prices) is the sum of GDP at factor cost and indirect taxes, less subsidies.
- Resource balance
Equals exports of goods and nonfactor services less imports of goods and nonfactor services.
- Exports/imports of goods and nonfactor services
Consists of transactions of residents of a given country with the rest of the world, and covers insurance, merchandise, transportation, travel, and other nonfactor services such as government transactions and various fees but excludes dividends, interest, and other investment income receipts or payments, as well as labor income.
- Domestic absorption
Equals private consumption, and general government consumption, plus gross domestic investment.
- Private consumption
Equals the market value of all goods and services purchased or received as income in kind by individuals and nonprofit institutions. It excludes purchases of dwellings, but includes the imputed rent of owneroccupied dwellings. The line is called Private consumption, etc. because it includes any statistical discrepancy in the use of resources. At constant prices, it also includes the rescaling deviation from partial rebasing (see Sources and Methods).
- General government consumption
Equals the sum of (i) purchases, less sales, of consumer goods and services, reduced by the value of the own-account production of fixed assets, (ii) compensation of employees, (iii) consumption of fixed assets, and (iv) any payments of indirect taxes.
- Gross domestic investment
The sum of gross domestic fixed investment and the change in stocks.
- Fixed investment
Made up of all outlays (purchases and own-account production) of industries, producers of government services, and producers of private nonprofit services on additions of new and imported durable goods to their stocks of fixed assets, reduced by the proceeds of net sales (sales less purchases) of similar secondhand and scrapped goods. Excluded is the outlay of producers of government services on durable goods primarily for military purposes, which is classified by the SNA as current consumption.
- Indirect taxes, net
- Equals total indirect taxes less subsidies.
- GDP at factor cost (producer prices)
Derived as the sum of the value added in the agriculture, industry, and services sectors. If the value added of these sectors is calculated atpurchaser values (market prices), GDP at factor cost is derived by subtracting the net indirect taxes from the GDP at purchaser values (market prices).
- Agriculture (value added)
Comprises agricultural and livestock production and services, fishing, hunting, logging, and forestry.
- Industry (value added)
Comprises mining and quarrying; manufacturing; construction; and electricity, gas, and water.
- Services (value added)
Includes all service activities, that is, transport, storage, and communications; wholesale and retail trade; banking, insurance, and real estate; ownership of dwellings; public administration and defense; and other services. The line is called Services, etc., because it includes any statistical discrepancy in the origin of resources.
- Gross domestic saving (at current prices)
Equals gross domestic product minus total consumption, etc. (or gross domestic investment plus the resource balance). Gross Domesti$ Saving (at constant prices) equals gross domestic income minus total consumption, etc. (or gross domestic investment plus the resource balance plus the terms of trade adjustment).
- Gross national saving (at current prices)
Equals gross domestic saving plus net factor income and net current transfers from abroad.
- Capacity to import
Value of exports of goods and nonfactor services deflated by the import price index.
- Terms of trade adjustment
Equals capacity to import less exports of goods and nonfactor services in constant prices.
- Gross domestic income (constant prices)
Derived as the sum of GDP and the terms of trade adjustment.
- Gross national income
Derived as the sum of GNP and the terms of trade adjustment.