GDP BY PRODUCTION APPROACH A general introduction with emphasis on integrated economic data collection framework. Viet Vu Consultant UN STATISTICS DIVISION. 1. Content of presentation. Introduction to production approach to GDP A trategy for data collection for benchmark year
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UN STATISTICS DIVISION
Sphere where basic and producer prices apply
Sphere where purchasers’ prices apply
Producers of goods
basic values = value receivable
Transport and trade margins added
Wholesalers and retailers
Consumers: other producers and final users.
For total economy:
Output at purchasers prices = output at basic prices + taxes less subsidies on products.
GDP = Output at purchasers prices – Intermediate at purchasers prices.
GDP = Value added at basic prices + Taxes less subsidies on products
Monthly, quarterly surveys on output by ISIC
Quarterly Value added must be reconciled to annual value added
Estimated quarterlyvalue added
=VA ratios x outputs of the quarter
Estimated annualvalue added
=VA ratios x outputs of the year
on output and also by value added by ISIC
Production establishment, ISIC x1
Production establishment, ISIC x
establishment, ISIC x2Identification of statistical units
May or may not locate in the same geographical areas
Non-list frame segment
With fixed premises
Without fixed premises
In business register
Not in business registerFramework of market statistical units
Census and sample surveys
Household-based area sampling surveys