18 NOV Nigerian Gross Domestic Product Report (expenditure approach) Q2 2015
|
|
- Jennifer Stafford
- 6 years ago
- Views:
Transcription
1 18 NOV 2015 Nigerian Gross Domestic Product Report (expenditure approach) Q2 2015
2 PREFACE This publication provides data on Quarterly Gross Domestic Product (GDP) by the EXPENDITURE approach estimates for the Second Quarter of It also contains quarterly estimates from Quarterly National Accounts (QNA) are integrated system of macroeconomic accounts designed to describe the entire system of production in a nation on a quarterly basis. They provide a picture of the current economic status of the economy that is more timely and frequent than the that provided by Annual National Accounts (ANA). The key attribute of QNA is that they provide a reasonable level of details of the economy that help government to assess, analyze, and monitor economic growth on a regular basis. QNA adopts the same concepts, definitions and structure as ANA. In principle QNA covers the entire sequence of accounts and balance sheets as reflected in the 2008 System of National Accounts (2008 SNA). The estimates herein are from a wide variety of sources including expenditure surveys, government accounts from the three tiers (Federal States and Local governments), trade statistics from the Nigerian Customs Services, Nigeria s Balance of Payments BOP compiled by the Central Bank of Nigeria and business/establishment survey among others. We are grateful to the various agencies and establishments that made their data available as input to the estimates. Dr. Yemi Kale, Statistician General, of the Federation National Bureau of Statistics, Abuja Nigeria. November, 2015
3 EXECUTIVE SUMMARY Total expenditure on GDP measured in real terms increased by 2.30 percent (year-on-year) in Q2 of 2015* while year on year nominal changes indicated an increase of 5.12 percent in the quarter. Final consumption expenditure of households accounted for the largest share of expenditure at percent of total expenditure on GDP at nominal market prices, an increase on both the previous and Q2 of Final consumption expenditure of households recorded a nominal growth quarter-on-quarter of 8.78 percent and strong yearon-year growth of percent. In real terms, Final consumption expenditure of households recorded year-on-year and quarter-onquarter growth rate of percent and 0.96 percent respectively. Representing 5.87 percent of the total expenditure on nominal GDP, General Government final expenditure decreased year-on-year by percent. In real terms this decrease was more pronounced; general government final expenditure fell by percent relative to Q2 2014, and by percent relative to its level in the previous quarter. Nominal expenditure on Gross Fixed Capital Formation (Investment) increased on the year, but by a smaller degree than in the first quarter of Investment in non-residential buildings was the main driver in growth for the second quarter of 2015; other components such as transport equipment and machinery saw declines. These trends were mirrored in real terms. Net exports of goods and services accounted for 2.85 percent of nominal GDP at market prices, a decline from 7.77 percent in the same quarter of the previous year. Exports declined by percent over this period; a decline only partially counteracted by the percent decline in imports. Accordingly, whereas the net export balance remained positive, the gap between the value of exports and the value of imports narrowed. Compensation of Employees (COE) returned to growth of 0.11 percent year on year in nominal terms, after the decline of 2.49 percent in the first quarter of In real terms however, COE declined by of 8.11percent. National disposable income grew in nominal terms by 6.09 percent (year on year) in Q During this period, household consumption accounted for percent of national disposable income and percent of income was devoted to savings, which was higher than in the previous quarter but lower than the corresponding quarter of last year. *Some revisions to data for 2014 through to 2015 Q1, as a result of finalisation of previous Balance of Payments and fiscal estimates
4 Definition of main aggregates The concepts and definitions used in this publication are those stated in the United Nations System of National Accounts (SNA) Manual - A System of National Accounts Taxes on production and imports: Taxes on production and imports comprise all taxes that enterprises incur by engaging in production. There are two categories of taxes, namely taxes on products and other taxes on production. Taxes on products are payable on goods and services when they are produced, sold or used. Examples are excise duties, import duties and Value Added Taxes (VAT). Other taxes on production are taxes payable out of the value added of producers. This category of taxes includes taxes levied on property, fixed assets and labour employed. Examples are municipal rates, motor vehicle licenses and business licenses. GDP at basic prices: GDP at basic prices is obtained as the difference between output and intermediate consumption whereby output is valued at basic prices and intermediate consumption at purchasers prices. GDP at market prices: GDP at market prices is equal to the GDP at basic prices plus taxes (net of subsidies) on products. Gross National Income (GNI): GDP plus net primary income from the rest of the world gives Gross National Income (GNI). Gross National Disposable Income (GNDI): The sum of Gross National Income (GNI) and net transfers from the rest of the world gives Gross National Disposable Income (GNDI). Gross Domestic Fixed Capital Formation (GDFCF): Gross Domestic Fixed Capital Formation (GDFCF) consists of the net additions to the assets of producers of tangible reproducible goods which have an expected lifetime of use of more than one year. These assets are buildings, plants, machinery and transport equipment, land improvement land and research and development.
5 Change in inventories: Change in inventories includes the value of the physical change in inventories of raw materials, work in progress and finished goods held by producers. Final Consumption expenditure: Consumption expenditure is made up of final consumption expenditure of households and of government. Final consumption expenditure of general Government is further disaggregated into collective and individual consumption expenditure. Collective consumption expenditure of general government consists of the services which government provides to the community as a whole, for example, security and defence whereas Individual consumption expenditure of general government is made up of expenses incurred in providing services which are mostly beneficial to individuals, mainly in respect of health and education. Final consumption expenditure of households comprises the value of goods and services purchased by households including the value of imputed rent of owner occupied dwellings. Gross National Saving: Gross National Disposable Income (GNDI) less total final consumption expenditure gives Gross National Saving. Exports and Imports of goods and services: Both exports and imports are measured on an f.o.b. basis. Compensation of employees: Compensation of employees comprises all payments of wages and salaries by producers to their employees. Payments in kind and contributions to social security and to private pension fund, casualty insurance and similar schemes are also included. Gross operating surplus: Gross operating surplus is defined as the excess of value added over the cost of employees' compensation and other taxes on production and imports net of subsidies.
6 KEY HIGHLIGHTS GDP BY EXPENDITURE The Gross Domestic Product (GDP) can be derived as the value of all goods and services available for final uses and export. The expenditure approach measures the final uses of the produced output as the sum of Final consumption, Gross Capital Formation and Exports less Imports. Figure 1: Quarter on same quarter a year earlier growth in GDP (nominal) GDP(Y) = C + G + I + X- M Where: C is Household Final Consumption Expenditure G is Government Final Consumption Expenditure I is Gross Domestic Investment X is exports M is Imports GDP at current market value of goods and services in Nigeria (nominal) increased by 5.12 percent, from N 21, billion in the second quarter of 2014, to N23, billion in the second quarter of This growth rate was higher than the previous quarter, but lower than the average growth rate in To a large extent, this reduction has been driven by the recent fall in oil prices, which has decreased Nigeria s net exports. At basic prices (not including taxes and subsidies) GDP grew by 5.17 percent. Net taxes on products (taxes less subsidies) have been rising less quickly, and less consistently than GDP at market prices, which means that the difference between basic price and market GDP has been decreasing. This trend continued in the most recent period: net taxes fell by 0.39 percent relative to the second quarter of 2014, which explains why growth in basic price GDP was slightly higher than growth in market price GDP Expenditure on GDP in real terms (at 2010 prices) stood at N16, billion in the second quarter of 2015, compared with N16, billion recorded in the corresponding quarter of 2014, representing a growth rate of 2.30 percent. This is the lowest growth in real GDP recorded since 2011; growth in the same period in 2014 was 6.47 percent.
7 KEY HIGHLIGHTS Analysis of Growth of Expenditure components Although growth in total GDP grew by 5.12 percent in nominal terms between 2015 Q2 and 2014 Q2, this hides differing trends in the growth rates of its components. Figure 2 shows the contributions that each expenditure component made to year on year GDP growth. These are calculated as the growth of each component weighted by their importance to GDP, so that the sum of the bars in each quarter is equal to the growth rate in GDP. It reveals that for most quarters, household consumption is an important driver of growth. However since the last quarter of 2014, this has been counteracted by net exports, which have been a drag on growth. In addition, government consumption has contributed negatively to growth, but to a lesser extent, due to a smaller contraction. Figure 2: Percentage point contributions to quarter on same quarter a year previous growth rates, of main expenditure components, and total GDP growth (market prices) In the second quarter of 2015, crude oil accounted for percent of the value of all merchandise exports (see Foreign Trade Statistics Q for more detail). Therefore the dramatic fall in oil prices, which began in the Third quarter of 2014, necessarily had a large effect on this component of expenditure, and helps to explain why net exports have been negative since this time. The price of crude oil nearly halved between the third quarter of 2014 and the second quarter of Oil revenue also accounts for a large portion of government revenue, which could also explain why government final consumption contributed negatively to growth.
8 Components FINAL CONSUMPTION EXPENDITURE OF HOUSEHOLD In nominal terms, household final consumption expenditure rose from N14, billion in the Second Quarter of 2014 to N17, billion in in the Second Quarter of This represents a growth of percent, considerably higher than growth in total nominal Gross Domestic Product. Therefore, the share of household consumption in GDP increased between these periods, from percent to percent. Relative to the previous quarter, household consumption grew by 8.78 percent. However, household consumption remains lower than its peak of N18, billion, which was reached in the final quarter of In real terms, growth was percent, from N9, billion in the second quarter of 2014 to N10, billion in the second quarter of This was the strongest growth since the last quarter of In addition, growth in household consumption has outpaced growth in GDP for the last three quarters in real terms. Household consumption is the largest component of expenditure on GDP, meaning that growth in this measure accounts for a large part of overall growth. Its share of GDP in real terms was recorded at 65.17percent in the Second Quarter of 2015, up from its corresponding share a year earlier by 5.53 percentage points GENERAL GOVERNMENT FINAL CONSUMPTION EXPENDITURE In nominal terms, general government final consumption expenditure (GFCE) fell by 11.81percent between the second quarter of 2015, and the same quarter of 2014, from N1, billion to N1, billion. This meant that the share of GDP accounted for by GFCE fell, from 6.99 percent to 5.87percent. This was the lowest share since In constant 2010 prices, GFCE was N billion in the second quarter of 2015, the lowest level since the first quarter of This represents a decrease of percent since the same quarter of 2014, when GFCE stood at N1, billion. This decrease can be attributed to the drop in the oil price, which adversely affected government revenues. In real terms GFCE accounted for 5.63 percent of expenditure on GDP, lower from the corresponding quarter in 2014 by 1.13 percentage points. GROSS FIXED CAPITAL FORMATION (INVESTMENT) The gross fixed capital formation (GFCF) captures investment activities carried out in the economy. Investment in the second quarter of 2015 reached N3, billion in nominal terms, representing an increase of 4.47 percent compared to the same quarter of the previous year. In contrast, GFCF grew by 7.49 percent in real terms over the same period,. The largest changes in the components of GFCF in real terms came from transport equipment, for which investment was percent lower than the same quarter of 2014, and machinery, for which investment was percent lower. However as these components are a small part of the total the effect on GFCF was small. Investment in non-residential buildings grew by percent, and this component now accounts for percent of total GFCF in real terms. This figure has increased from percent since the start of As a share of expenditure on real GDP, GFCF accounted for percent, 0.88 percentage points lower from its share recorded in the corresponding quarter of 2014.
9 CONSUMPTION OF FIXED CAPTIAL On a nominal basis, Consumption of Fixed Capital - depreciation- increased by 5.82 percent (year-on-year) in the second quarter of 2015, and by percent on the previous quarter, although the series is volatile on a quarterly basis. Consumption of fixed capital was percent of gross fixed capital formation, implying that roughly a third of investment performed is required to maintain the stock of fixed capital. In real terms, developments exhibited the a similar pattern as in nominal terms. Consumption of Fixed Capital increased by 2.69 percent year-on-year, and increased by percent quarter on quarter. NET EXPORTS OF GOODS AND SERVICES Net exports had a relatively large negative effect on GDP growth in the second quarter of 2015, partly counteracting the more robust growth in final consumption expenditure by households. In nominal terms exports decreased by 37.61percent relative to the same quarter of 2014; representing a larger contraction than in the previous quarter when growth was percent. The net effect was mitigated to some extent by a decrease in imports of 24.31percent in nominal terms. Nevertheless, net exports reduced by percent. In real terms however, the fall in net exports was less pronounced, largely due to imports falling by percent between 2015 Q2 and the same quarter the previous year. At 2010 prices, the value of exports was N2, billion in the second quarter of 2015, a decline of percent year-on-year. Consequently, net exports stood at N1, billion, accounting for 9.86 percent of GDP at 2010 market prices. In nominal terms, compensation of employees (COE) was broadly the same in 2015 Q2 as it was in the same quarter of 2014, increasing by only 0.11percent. However, given an increase in the deflator of 8.94 percent over the period, (reflecting price increases) this meant a fall in real terms of 8.11percent. Hence, whereas as COE was N4, billion in 2014 Q2, it had fallen to N4, in 2015 Q2. NATIONAL DISPOSABLE INCOME AND SAVINGS National disposable income (NDI) grew in nominal terms by 6.09 percent in Q2 2015, from N20, billion in the same quarter of 2014 to N22, billion. Growth was however 5.33 percentage points lower when compared to rates recorded in the corresponding quarter of Relative to the previous quarter, NDI was up by10.62 percent. In 2015 Q2 the proportion of nominal NDI that was allocated to savings was percent, which represents an increase on the previous quarter (when percent was saved) but a decrease relative to the same quarter a year earlier, when 20.47percent was saved.
10 OPERATING SURPLUS NET TAXES ON PRODUCT In Nominal terms, Operating Surplus (OS) the excess value added over the cost of employees' compensation, depreciation and other taxes on production and imports net of subsidies was estimated to be N15, billion in the Second Quarter of 2015, representing a 7.36 percent increase from the N14, billion recorded in the corresponding quarter of This growth rate was marginally higher (0.22 percentage points) than in the previous quarter, but nevertheless slow relative to the growth rates recorded between 2011 and On the previous quarter, OS increased by 7.40 percent. As a share of expenditure on GDP, OS was recorded at percent in the Second Quarter of 2015, higher from shares recorded in the Second Quarter of 2014 by 1.38 percentage points. In real terms, OS was estimated to be N11, billion at 2010 prices in the Second Quarter of 2015, representing a 6.78 percent increase on the same quarter of the previous year, when operating surplus stood at N10, billion. As a share of expenditure on real GDP, Operating Surplus was recorded at 67.41percent in the Second Quarter of 2015, 2.83 percentage points higher from the share recorded in the corresponding quarter in In nominal terms, net tax on products was recorded at N billion in the second quarter of 2015, compared to N billion in the corresponding quarter of 2014, this represented a slight decrease of 0.39 percent. On the previous quarter the Net taxes increased by percent. In real terms, Net taxes declined by 3.05 percent in the Second Quarter of This was 2.57percentage points lower from growth recorded in the Second Quarter of Relative to the First Quarter of 2015, Net Taxes increased by 4.25 percent.
11 EXPENDITURE ON GROSS DOMESTIC PRODUCT 2010-Q2, 2015 TABLE GROSS DOMESTIC PRODUCT AND EXPENDITURE AT CURRENT PURCHASERS' VALUE Q1 Q2 Q3 Q4 Total Q1 Q2 (=N='MILLION) FINAL CONSUMPTION EXPENDITURE OF HOUSEHOLD 14,046, ,899, ,246, ,332, ,524, ,709, ,089, FINAL CONSUMPTION EXPENDITURE OF NON-PROFIT INSTITU- TIONS SERVING HOUSEHOLD 99, , , , , , , FINAL CONSUMPTION EXPENDITURE OF GENERAL GOVERN- MENT 1,294, ,535, ,529, ,279, ,639, ,477, ,354, Individual Cosumption Expenditure of general government 334, , , , ,536, , , Collective Cosumption Expenditure of general government 960, ,186, ,180, ,776, ,103, ,140, ,029, CHANGES IN INVENTORIES 151, , , , , , , GROSS FIXED CAPITAL FORMATION 3,201, ,586, ,153, ,651, ,593, ,605, ,747, EXPORTS OF GOODS AND SERVICES 4,047, ,761, ,773, ,034, ,616, ,756, ,970, LESS IMPORTS OF GOODS AND SERVICES 2,458, ,056, ,704, ,002, ,222, ,565, ,313, EXPENDITURE ON THE GROSS DOMESTIC PRODUCT 20,381, ,957, ,232, ,564, ,136, ,242, ,080, ,835, ,315, ,985, ,534, ,671, ,690, ,322, OPERATING SURPLUS 13,222, ,173, ,774, ,381, ,551, ,168, ,217, CONSUMPTION OF FIXED CAPITAL 959, ,100, ,019, ,115, ,195, ,015, ,164, OTHER TAXES ON PRODUCTION(NET) 151, , , , , , , GROSS DOMESTIC PRODUCT AT BASIC PRICES 20,169, ,734, ,933, ,205, ,043, ,041, ,859, NET TAXES ON PRODUCTS 212, , , , ,093, , , GROSS DOMESTIC PRODUCT AT MARKET PRICES 20,381, ,957, ,232, ,564, ,136, ,242, ,080,911.17
12 TABLE NATIONAL DISPOSABLE INCOME AND ITS APPROPRIA- Q1 Q2 Q3 Q4 Total Q1 Q2 CURRENT PURCHASERS' VALUE (=N='MILLION) 5,835, ,315, ,985, ,534, ,671, ,690, ,322, OPERATING SURPLUS 13,222, ,173, ,774, ,381, ,551, ,168, ,217, DOMETIC FACTOR INCOME 19,058, ,488, ,759, ,915, ,222, ,858, ,539, FROM THE REST OF THE WORLD NET 5, , , , , , , PROPERTY AND ENTREPRENEURIAL INCOME FROM THE REST OF THE WORLD(NET) - 687, , , , ,174, ,197, , NET TAXES ON PRODUCTS 212, , , , ,093, , , NATIONAL INCOME AT MARKET PRICES 18,588, ,861, ,240, ,478, ,169, ,869, ,034, FROM THE REST OF THE WORLD NET 832, , , , ,445, ,018, , NATIONAL DISPOSABLE INCOME 19,421, ,738, ,079, ,375, ,615, ,888, ,001, GOVERNMENT FINAL CONSUMPTION EXPENDITURE 1,294, ,535, ,529, ,279, ,639, ,477, ,354, FINAL CONSUMPTION EXPENDITURE OF HOUSEHOLD 14,046, ,899, ,246, ,332, ,524, ,709, ,089, FINAL CONSUMPTION EXPENDITURE OF NON-PROFIT INSTITUTIONS SERVING HOUSEHOLD 99, , , , , , , SAVING 3,980, ,245, ,223, ,665, ,114, ,584, ,492, APPROPRIATION OF DISPOSABLE INCOME 19,421, ,738, ,079, ,375, ,615, ,888, ,001,251.31
13 TABLE 3 CAPITAL FINANCE CURRENT PURCHASERS' VALUE Q1 Q2 Q3 Q4 Total Q1 Q2 (=N='MILLION) SAVING 3,980, ,245, ,223, ,665, ,114, ,584, ,492, CONSUMPTION OF FIXED CAPITAL 959, ,100, ,019, ,115, ,195, ,015, ,164, CAPITAL TRANSFERS FROM THE REST OF THE WORLD NET FINANCE OF GROSS ACCUMULATION 4,940, ,345, ,243, ,780, ,310, ,600, ,656, CHANGES IN INVENTORIES 151, , , , , , , GROSS FIXED CAPITAL FORMATION 3,201, ,586, ,153, ,651, ,593, ,605, ,747, PURCHASES OF INTANGIBLE ASSETS N.E.C. FROM THE REST OF THE WORLD NET NET LENDING TO THE REST OF THE WORLD 1,587, ,586, ,935, , ,067, , , GROSS ACCUMULATION 4,940, ,345, ,243, ,780, ,310, ,600, ,656,721.20
14 TABLE Q1 Q2 Q3 Q4 Total Q1 Q2 EXTERNAL TRANSACTIONS CURRENT PURCHASERS' VALUE (=N='MILLION) EXPORTS OF GOODS AND SERVICES 4,047, ,761, ,773, ,034, ,616, ,756, ,970, FROM THE REST OF THE WORLD 6, , , , , , , PROPERTY AND ENTREPRENEURIAL INCOME FROM THE REST OF THE WORLD 52, , , , , , , FROM THE REST OF THE WORLD 860, , , , ,582, ,095, ,073, CURRENT RECEIPTS 4,966, ,731, ,715, ,042, ,456, ,894, ,085, IMPORTS OF GOODS AND SERVICES 2,458, ,056, ,704, ,002, ,222, ,565, ,313, TO THE REST OF THE WORLD , , PROPERTY AND ENTREPRENEURIAL INCOME TO THE REST OF THE WORLD 740, , , , ,399, ,231, , TOTHE REST OF THE WORLD 28, , , , , , , SURPLUS OF THE NATION ON CURRENT TRANSACTIONS 1,739, ,732, ,089, , ,693, , , DISPOSAL OF CURRENT RECEIPTS 4,966, ,731, ,715, ,042, ,456, ,894, ,085,179.55
15 TABLE GROSS DOMESTIC PRODUCT AND EXPENDITURE Q1 Q2 Q3 Q4 Total Q1 Q2 AT 2010 PURCHASER'S VALUES FINAL CONSUMPTION EXPENDITURE OF HOUSEHOLD 9,750, ,690, ,310, ,889, ,641, ,730, ,833, FINAL CONSUMPTION EXPENDITURE OF NON-PROFIT INSTITUTIONS SERVING HOUSEHOLD 72, , , , , , , FINAL CONSUMPTION EXPENDITURE OF GENERAL GOV- ERNMENT 946, ,099, ,074, ,573, ,694, ,049, , Individual Cosumption Expenditure of general government 289, , , , ,102, , , Collective Cosumption Expenditure of general government 656, , , ,266, ,592, , , CHANGES IN INVENTORIES 129, , , , , , , GROSS FIXED CAPITAL FORMATION 2,534, ,805, ,437, ,793, ,570, ,898, ,015, EXPORTS OF GOODS AND SERVICES 3,741, ,408, ,419, ,808, ,377, ,676, ,863, LESS IMPORTS OF GOODS AND SERVICES 1,573, ,943, ,719, ,857, ,093, ,368, ,223, EXPENDITURE ON THE GROSS DOMESTIC PRODUCT 15,601, ,249, ,707, ,419, ,977, ,203, ,623, ,266, ,522, ,204, ,512, ,505, ,840, ,155, OPERATING SURPLUS 10,213, ,493, ,271, ,540, ,518, ,211, ,205, CONSUMPTION OF FIXED CAPITAL 818, , , , ,550, , , OTHER TAXES ON PRODUCTION(NET) 140, , , , , , , GROSS DOMESTIC PRODUCT AT BASIC PRICES 15,438, ,084, ,479, ,150, ,152, ,050, ,463, NET TAXES ON PRODUCTS 162, , , , , , , GROSS DOMESTIC PRODUCT AT MARKET PRICES 15,601, ,249, ,707, ,419, ,977, ,203, ,623,053.88
16 TABLE NATIONAL DISPOSABLE INCOME AND ITS AP- PROPRIATION Q1 Q2 Q3 Q4 Total Q1 Q2 AT 2010 PURCHASER'S VALUES 4,266, ,522, ,204, ,512, ,505, ,840, ,155, OPERATING SURPLUS 10,213, ,493, ,271, ,540, ,518, ,211, ,205, DOMESTIC FACTOR INCOME 14,479, ,015, ,475, ,052, ,024, ,051, ,360, FROM THE REST OF THE WORLD NET 5, , , , , , , PROPERTY AND ENTREPRENEURIAL INCOME FROM THE REST OF THE WORLD NET - 424, , , , ,941, , , NET TAXES ON PRODUCTS 162, , , , , , , NATIONAL INCOME AT MARKET PRICES 14,222, ,659, ,201, ,851, ,934, ,588, ,153, FROM THE REST OF THE WORLD NET 777, , , , ,228, ,022, , NATIONAL DISPOSABLE INCOME 15,000, ,479, ,989, ,693, ,163, ,611, ,132, FINAL CONSUMPTION EXPENDITURE OF HOUSE- HOLD 9,750, ,690, ,310, ,889, ,641, ,730, ,833, FINAL CONSUMPTION EXPENDITURE OF NON- PROFIT INSTITUTIONS SERVING HOUSEHOLD 72, , , , , , , FINAL CONSUMPTION EXPENDITURE OF GEN- ERAL GOVERNMENT 946, ,099, ,074, ,573, ,694, ,049, , Individual Cosumption Expenditure of general government 289, , , , ,102, , , Collective Cosumption Expenditure of general government 656, , , ,266, ,592, , , SAVING 4,229, ,647, ,549, ,161, ,588, ,741, ,313, APPROPRIATION OF DISPOSABLE INCOME 15,000, ,479, ,989, ,693, ,163, ,611, ,132,103.45
17 TABLE CAPITAL FINANCE AT 2010 PURCHASER'S VALUES Q1 Q2 Q3 Q4 Total Q1 Q2 SAVING 4,229, ,647, ,549, ,161, ,588, ,741, ,313, CONSUMPTION OF FIXED CAPITAL 818, , , , ,550, , , CAPITAL TRANSFERS FROM THE REST OF THE WORLD NET FINANCE OF GROSS ACCUMULATION 5,048, ,581, ,411, ,097, ,138, ,585, ,272, CHANGES IN INVENTORIES 129, , , , , , , GROSS FIXED CAPITAL FORMATION 2,534, ,805, ,437, ,793, ,570, ,898, ,015, PURCHASE OF INTANGIBLE ASSETS N.E.C. FROM THE REST OF THE WORLD NET NET LENDING TO THE REST OF THE WORLD 2,385, ,629, ,843, ,160, ,019, ,560, ,107, GROSS ACCUMULATION 5,048, ,581, ,411, ,097, ,138, ,585, ,272,636.50
18 TABLE EXTERNAL TRANSACTION AT 2010 PURCHASER'S VALUES Q1 Q2 Q3 Q4 Total Q1 Q2 EXPORT OF GOODS AND SERVICES 3,741, ,408, ,419, ,808, ,377, ,676, ,863, FROM THE REST OF THE WORLD 6, , , , , , , PROPERTY AND ENTREPRENEURAL INCOME FROM THE REST OF THE WORLD 48, , , , , , , FROM THE REST OF THE WORLD 795, , , , ,315, ,063, ,034, CURRENT RECEIPTS 4,591, ,307, ,290, ,741, ,929, ,782, ,937, IMPORTS OF GOODS AND SERVICES 1,573, ,943, ,719, ,857, ,093, ,368, ,223, TO THE REST OF THE WORLD , PROPERTY AND ENTREPRENEURAL INCOME TO THE REST OF THE WORLD 473, , , , ,149, , , TO THE REST OF THE WORLD 17, , , , , , , SURPLUS OF THE NATION ON CURRENT TRANSACTIONS 2,525, ,764, ,985, ,322, ,597, ,715, ,250, DISPOSAL OF CURRENT RECEIPTS. 4,591, ,307, ,290, ,741, ,929, ,782, ,937,024.65
19 APPENDIX
20 EXPENDURE ON GROSS DOMESTIC PRODUCT 2010-Q1, 2014 TABLE GROSS DOMESTIC PRODUCT AND EXPENDITURE AT CURRENT PURCHASERS' VALUE Q1 Q2 Q3 Q4 Total (=N='MILLION) FINAL CONSUMPTION EXPENDITURE OF HOUSEHOLD 9,236, ,850, ,446, ,918, ,452, FINAL CONSUMPTION EXPENDITURE OF NON-PROFIT INSTITUTIONS SERVING HOUSEHOLD 56, , , , , FINAL CONSUMPTION EXPENDITURE OF GENERAL GOVERNMENT 899, ,179, ,137, ,615, ,832, Individual Cosumption Expenditure of general government 285, , , , ,124, Collective Cosumption Expenditure of general government 614, , , ,333, ,707, CHANGES IN INVENTORIES 102, , , , , GROSS FIXED CAPITAL FORMATION 2,206, ,019, ,569, ,387, ,183, EXPORTS OF GOODS AND SERVICES 2,507, ,865, ,199, ,440, ,013, LESS IMPORTS OF GOODS AND SERVICES 2,219, ,921, ,989, ,514, ,644, EXPENDITURE ON THE GROSS DOMESTIC PRODUCT 12,790, ,141, ,516, ,020, ,469, ,508, ,504, ,618, ,996, ,626, OPERATING SURPLUS 8,414, ,766, ,005, ,052, ,238, CONSUMPTION OF FIXED CAPITAL 586, , , , ,450, OTHER TAXES ON PRODUCTION(NET) 74, , , , , GROSS DOMESTIC PRODUCT AT BASIC PRICES 12,583, ,934, ,304, ,789, ,612, NET TAXES ON PRODUCTS 206, , , , , GROSS DOMESTIC PRODUCT AT MARKET PRICES 12,790, ,141, ,516, ,020, ,469,350.31
21 TABLE NATIONAL DISPOSABLE INCOME AND ITS APPROPRIATION Q1 Q2 Q3 Q4 Total CURRENT PURCHASERS' VALUE (=N='MILLION) 3,508, ,504, ,618, ,996, ,626, OPERATING SURPLUS 8,414, ,766, ,005, ,052, ,238, DOMETIC FACTOR INCOME 11,922, ,270, ,623, ,048, ,865, FROM THE REST OF THE WORLD NET 3, , , , , PROPERTY AND ENTREPRENEURIAL INCOME FROM THE REST OF THE WORLD(NET) - 685, , , , ,954, NET TAXES ON PRODUCTS 206, , , , , NATIONAL INCOME AT MARKET PRICES 11,447, ,806, ,048, ,487, ,790, FROM THE REST OF THE WORLD NET 641, , , , ,123, NATIONAL DISPOSABLE INCOME 12,089, ,521, ,905, ,396, ,913, GOVERNMENT FINAL CONSUMPTION EXPENDITURE 899, ,179, ,137, ,615, ,832, FINAL CONSUMPTION EXPENDITURE OF HOUSEHOLD 9,236, ,850, ,446, ,918, ,452, FINAL CONSUMPTION EXPENDITURE OF NON-PROFIT INSTITUTIONS SERVING HOUSEHOLD 56, , , , , SAVING 1,896, ,445, ,267, ,795, ,404, APPROPRIATION OF DISPOSABLE INCOME 12,089, ,521, ,905, ,396, ,913,490.93
22 TABLE 3 CAPITAL FINANCE 2010 CURRENT PURCHASERS' VALUE Q1 Q2 Q3 Q4 Total (=N='MILLION) SAVING 1,896, ,445, ,267, ,795, ,404, CONSUMPTION OF FIXED CAPITAL 586, , , , ,450, CAPITAL TRANSFERS FROM THE REST OF THE WORLD NET FINANCE OF GROSS ACCUMULATION 2,483, ,037, ,875, ,458, ,855, CHANGES IN INVENTORIES 102, , , , , GROSS FIXED CAPITAL FORMATION 2,206, ,019, ,569, ,387, ,183, PURCHASES OF INTANGIBLE ASSETS N.E.C. FROM THE REST OF THE WORLD NET NET LENDING TO THE REST OF THE WORLD 173, ,917, , ,965, ,264, GROSS ACCUMULATION 2,483, ,037, ,875, ,458, ,855,158.33
23 TABLE Q1 Q2 Q3 Q4 Total EXTERNAL TRANSACTIONS CURRENT PURCHASERS' VALUE (=N='MILLION) EXPORTS OF GOODS AND SERVICES 2,507, ,865, ,199, ,440, ,013, FROM THE REST OF THE WORLD 5, , , , , PROPERTY AND ENTREPRENEURIAL INCOME FROM THE REST OF THE WORLD 50, , , , , FROM THE REST OF THE WORLD 656, , , , ,195, CURRENT RECEIPTS 3,220, ,632, ,111, ,394, ,359, IMPORTS OF GOODS AND SERVICES 2,219, ,921, ,989, ,514, ,644, TO THE REST OF THE WORLD 1, , PROPERTY AND ENTREPRENEURIAL INCOME TO THE REST OF THE WORLD 736, , , , ,079, TOTHE REST OF THE WORLD 15, , , , , SURPLUS OF THE NATION ON CURRENT TRANSACTIONS 248, ,988, , ,043, ,560, DISPOSAL OF CURRENT RECEIPTS 3,220, ,632, ,111, ,394, ,359,663.57
24 TABLE GROSS DOMESTIC PRODUCT AND EXPENDITURE Q1 Q2 Q3 Q4 Total AT 2010 PURCHASER'S VALUES FINAL CONSUMPTION EXPENDITURE OF HOUSEHOLD 9,236, ,850, ,446, ,918, ,452, FINAL CONSUMPTION EXPENDITURE OF NON-PROFIT INSTITUTIONS SERVING HOUSEHOLD 56, , , , , FINAL CONSUMPTION EXPENDITURE OF GENERAL GOVERNMENT 899, ,179, ,137, ,615, ,832, Individual Cosumption Expenditure of general government 285, , , , ,124, Collective Cosumption Expenditure of general government 614, , , ,333, ,707, CHANGES IN INVENTORIES 102, , , , , GROSS FIXED CAPITAL FORMATION 2,206, ,019, ,569, ,387, ,183, EXPORTS OF GOODS AND SERVICES 2,507, ,865, ,199, ,440, ,013, LESS IMPORTS OF GOODS AND SERVICES 2,219, ,921, ,989, ,514, ,644, EXPENDITURE ON THE GROSS DOMESTIC PRODUCT 12,790, ,141, ,516, ,020, ,469, ,508, ,504, ,618, ,996, ,626, OPERATING SURPLUS 8,414, ,766, ,005, ,052, ,238, CONSUMPTION OF FIXED CAPITAL 586, , , , ,450, OTHER TAXES ON PRODUCTION(NET) 74, , , , , GROSS DOMESTIC PRODUCT AT BASIC PRICES 12,583, ,934, ,304, ,789, ,612, NET TAXES ON PRODUCTS 206, , , , , GROSS DOMESTIC PRODUCT AT MARKET PRICES 12,790, ,141, ,516, ,020, ,469,350.31
25 TABLE NATIONAL DISPOSABLE INCOME AND ITS APPROPRIATION Q1 Q2 Q3 Q4 Total AT 2010 PURCHASER'S VALUES 3,508, ,504, ,618, ,996, ,626, OPERATING SURPLUS 8,414, ,766, ,005, ,052, ,238, DOMESTIC FACTOR INCOME 11,922, ,270, ,623, ,048, ,865, FROM THE REST OF THE WORLD NET 3, , , , , PROPERTY AND ENTREPRENEURIAL INCOME FROM THE REST OF THE WORLD NET - 685, , , , ,954, NET TAXES ON PRODUCTS 206, , , , , NATIONAL INCOME AT MARKET PRICES 11,447, ,806, ,048, ,487, ,790, FROM THE REST OF THE WORLD NET 641, , , , ,123, NATIONAL DISPOSABLE INCOME 12,089, ,521, ,905, ,396, ,913, FINAL CONSUMPTION EXPENDITURE OF HOUSEHOLD 9,236, ,850, ,446, ,918, ,452, FINAL CONSUMPTION EXPENDITURE OF NON-PROFIT INSTITUTIONS SERVING HOUSEHOLD 56, , , , , FINAL CONSUMPTION EXPENDITURE OF GENERAL GOVERNMENT 899, ,179, ,137, ,615, ,832, Individual Cosumption Expenditure of general government 285, , , , ,124, Collective Cosumption Expenditure of general government 614, , , ,333, ,707, SAVING 1,896, ,445, ,267, ,795, ,404, APPROPRIATION OF DISPOSABLE INCOME 12,089, ,521, ,905, ,396, ,913,490.93
26 TABLE CAPITAL FINANCE AT 2010 PURCHASER'S VALUES Q1 Q2 Q3 Q4 Total SAVING 1,896, ,445, ,267, ,795, ,404, CONSUMPTION OF FIXED CAPITAL 586, , , , ,450, CAPITAL TRANSFERS FROM THE REST OF THE WORLD NET FINANCE OF GROSS ACCUMULATION 2,483, ,037, ,875, ,458, ,855, CHANGES IN INVENTORIES 102, , , , , GROSS FIXED CAPITAL FORMATION 2,206, ,019, ,569, ,387, ,183, PURCHASE OF INTANGIBLE ASSETS N.E.C. FROM THE REST OF THE WORLD NET NET LENDING TO THE REST OF THE WORLD 173, ,917, , ,965, ,264, GROSS ACCUMULATION 2,483, ,037, ,875, ,458, ,855,158.33
27 TABLE EXTERNAL TRANSACTION AT 2010 PURCHASER'S VALUES Q1 Q2 Q3 Q4 Total EXPORT OF GOODS AND SERVICES 2,507, ,865, ,199, ,440, ,013, FROM THE REST OF THE WORLD 5, , , , , PROPERTY AND ENTREPRENEURAL INCOME FROM THE REST OF THE WORLD 50, , , , , FROM THE REST OF THE WORLD 656, , , , ,195, CURRENT RECEIPTS 3,220, ,632, ,111, ,394, ,359, IMPORTS OF GOODS AND SERVICES 2,219, ,921, ,989, ,514, ,644, TO THE REST OF THE WORLD 1, , PROPERTY AND ENTREPRENEURAL INCOME TO THE REST OF THE WORLD 736, , , , ,079, TO THE REST OF THE WORLD 15, , , , , SURPLUS OF THE NATION ON CURRENT TRANSACTIONS 248, ,988, , ,043, ,560, DISPOSAL OF CURRENT RECEIPTS. 3,220, ,632, ,111, ,394, ,359,663.57
28 EXPENDURE ON GROSS DOMESTIC PRODUCT 2010-Q1, 2014 TABLE GROSS DOMESTIC PRODUCT AND EXPENDITURE AT CURRENT PURCHASERS' VALUE Q1 Q2 Q3 Q4 Total (=N='MILLION) FINAL CONSUMPTION EXPENDITURE OF HOUSEHOLD 11,345, ,335, ,159, ,597, ,437, FINAL CONSUMPTION EXPENDITURE OF NON-PROFIT INSTITUTIONS SERVING HOUSEHOLD 62, , , , , FINAL CONSUMPTION EXPENDITURE OF GENERAL GOVERNMENT 1,203, ,358, ,313, ,536, ,412, Individual Cosumption Expenditure of general government 317, , , , ,336, Collective Cosumption Expenditure of general government 886, ,043, , ,154, ,075, CHANGES IN INVENTORIES 106, , , , , GROSS FIXED CAPITAL FORMATION 2,533, ,249, ,747, ,366, ,897, EXPORTS OF GOODS AND SERVICES 3,346, ,115, ,247, ,251, ,961, LESS IMPORTS OF GOODS AND SERVICES 3,913, ,981, ,267, ,513, ,675, EXPENDITURE ON THE GROSS DOMESTIC PRODUCT 14,686, ,229, ,368, ,428, ,713, ,145, ,245, ,172, ,645, ,209, OPERATING SURPLUS 9,531, ,968, ,165, ,681, ,346, CONSUMPTION OF FIXED CAPITAL 733, , , , ,053, OTHER TAXES ON PRODUCTION(NET) 90, , , , , GROSS DOMESTIC PRODUCT AT BASIC PRICES 14,501, ,054, ,163, ,260, ,980, NET TAXES ON PRODUCTS 184, , , , , GROSS DOMESTIC PRODUCT AT MARKET PRICES 14,686, ,229, ,368, ,428, ,713,359.39
29 TABLE NATIONAL DISPOSABLE INCOME AND ITS APPROPRIATION Q1 Q2 Q3 Q4 Total CURRENT PURCHASERS' VALUE (=N='MILLION) 4,145, ,245, ,172, ,645, ,209, OPERATING SURPLUS 9,531, ,968, ,165, ,681, ,346, DOMETIC FACTOR INCOME 13,677, ,213, ,337, ,327, ,556, FROM THE REST OF THE WORLD NET 5, , , , , PROPERTY AND ENTREPRENEURIAL INCOME FROM THE REST OF THE WORLD(NET) - 771, , , , ,526, NET TAXES ON PRODUCTS 184, , , , , NATIONAL INCOME AT MARKET PRICES 13,095, ,402, ,597, ,688, ,783, FROM THE REST OF THE WORLD NET 803, , , , ,356, NATIONAL DISPOSABLE INCOME 13,899, ,243, ,423, ,573, ,139, GOVERNMENT FINAL CONSUMPTION EXPENDITURE 1,203, ,358, ,313, ,536, ,412, FINAL CONSUMPTION EXPENDITURE OF HOUSEHOLD 11,345, ,335, ,159, ,597, ,437, FINAL CONSUMPTION EXPENDITURE OF NON-PROFIT INSTITUTIONS SERVING HOUSEHOLD 62, , , , , SAVING 1,287, ,503, ,888, ,362, ,040, APPROPRIATION OF DISPOSABLE INCOME 13,899, ,243, ,423, ,573, ,139,449.42
30 TABLE 3 CAPITAL FINANCE 2011 CURRENT PURCHASERS' VALUE Q1 Q2 Q3 Q4 Total (=N='MILLION) SAVING 1,287, ,503, ,888, ,362, ,040, CONSUMPTION OF FIXED CAPITAL 733, , , , ,053, CAPITAL TRANSFERS FROM THE REST OF THE WORLD NET FINANCE OF GROSS ACCUMULATION 2,020, ,257, ,624, ,192, ,094, CHANGES IN INVENTORIES 106, , , , , GROSS FIXED CAPITAL FORMATION 2,533, ,249, ,747, ,366, ,897, PURCHASES OF INTANGIBLE ASSETS N.E.C. FROM THE REST OF THE WORLD NET NET LENDING TO THE REST OF THE WORLD - 619, , ,769, ,713, ,765, GROSS ACCUMULATION 2,020, ,257, ,624, ,192, ,094,556.15
31 TABLE Q1 Q2 Q3 Q4 Total EXTERNAL TRANSACTIONS CURRENT PURCHASERS' VALUE (=N='MILLION) EXPORTS OF GOODS AND SERVICES 3,346, ,115, ,247, ,251, ,961, FROM THE REST OF THE WORLD 6, , , , , PROPERTY AND ENTREPRENEURIAL INCOME FROM THE REST OF THE WORLD 23, , , , , FROM THE REST OF THE WORLD 817, , , , ,428, CURRENT RECEIPTS 4,194, ,013, ,136, ,183, ,527, IMPORTS OF GOODS AND SERVICES 3,913, ,981, ,267, ,513, ,675, TO THE REST OF THE WORLD 1, , , PROPERTY AND ENTREPRENEURIAL INCOME TO THE REST OF THE WORLD 795, ,026, , , ,637, TOTHE REST OF THE WORLD 14, , , , , SURPLUS OF THE NATION ON CURRENT TRANSACTIONS - 529, , ,859, ,816, ,135, DISPOSAL OF CURRENT RECEIPTS 4,194, ,013, ,136, ,183, ,527,961.00
32 TABLE GROSS DOMESTIC PRODUCT AND EXPENDITURE Q1 Q2 Q3 Q4 Total AT 2010 PURCHASER'S VALUES FINAL CONSUMPTION EXPENDITURE OF HOUSEHOLD 9,776, ,535, ,871, ,139, ,323, FINAL CONSUMPTION EXPENDITURE OF NON-PROFIT INSTITUTIONS SERVING HOUSEHOLD 60, , , , , FINAL CONSUMPTION EXPENDITURE OF GENERAL GOVERNMENT 1,162, ,291, ,213, ,386, ,053, Individual Cosumption Expenditure of general government 367, , , , ,247, Collective Cosumption Expenditure of general government 794, , , ,106, ,805, CHANGES IN INVENTORIES 101, , , , , GROSS FIXED CAPITAL FORMATION 2,173, ,909, ,248, ,093, ,425, EXPORTS OF GOODS AND SERVICES 2,919, ,612, ,645, ,450, ,628, LESS IMPORTS OF GOODS AND SERVICES 2,571, ,575, ,129, ,612, ,889, EXPENDITURE ON THE GROSS DOMESTIC PRODUCT 13,621, ,917, ,007, ,633, ,180, ,999, ,030, ,850, ,187, ,068, OPERATING SURPLUS 8,675, ,937, ,198, ,426, ,237, CONSUMPTION OF FIXED CAPITAL 694, , , , ,870, OTHER TAXES ON PRODUCTION(NET) 80, , , , , GROSS DOMESTIC PRODUCT AT BASIC PRICES 13,450, ,757, ,819, ,482, ,511, NET TAXES ON PRODUCTS 171, , , , , GROSS DOMESTIC PRODUCT AT MARKET PRICES 13,621, ,917, ,007, ,633, ,180,351.90
33 TABLE NATIONAL DISPOSABLE INCOME AND ITS APPROPRIATION Q1 Q2 Q3 Q4 Total AT 2010 PURCHASER'S VALUES 3,999, ,030, ,850, ,187, ,068, OPERATING SURPLUS 8,675, ,937, ,198, ,426, ,237, DOMESTIC FACTOR INCOME 12,675, ,967, ,048, ,614, ,306, FROM THE REST OF THE WORLD NET 5, , , , , PROPERTY AND ENTREPRENEURIAL INCOME FROM THE REST OF THE WORLD NET - 502, , , , ,266, NET TAXES ON PRODUCTS 171, , , , , NATIONAL INCOME AT MARKET PRICES 12,348, ,497, ,628, ,253, ,728, FROM THE REST OF THE WORLD NET 714, , , , ,018, NATIONAL DISPOSABLE INCOME 13,062, ,250, ,376, ,057, ,747, FINAL CONSUMPTION EXPENDITURE OF HOUSEHOLD 9,776, ,535, ,871, ,139, ,323, FINAL CONSUMPTION EXPENDITURE OF NON-PROFIT INSTITUTIONS 60, , , , , FINAL CONSUMPTION EXPENDITURE OF GENERAL GOVERNMENT 1,162, ,291, ,213, ,386, ,053, Individual Cosumption Expenditure of general government 367, , , , ,247, Collective Cosumption Expenditure of general government 794, , , ,106, ,805, SAVING 2,063, ,379, ,233, ,461, ,138, APPROPRIATION OF DISPOSABLE INCOME 13,062, ,250, ,376, ,057, ,747,257.67
Nigerian Gross Domestic Product Report (Expenditure and Income Approach)
Nigerian Gross Domestic Product Report (Expenditure and Income Approach) ( Q3, Q4 2016) Report Date: October 2017 Data Source: National Bureau of Statistics Contents Preface 1 Summary 2 Gross Domestic
More informationNational Accounts Estimates ( ) March 2018 issue
National Accounts Estimates (2015 2018) March 2018 issue 1. INTRODUCTION This issue of Economic and Social Indicators presents National Accounts estimates for the period 2015 to 2018. Concepts and definitions
More informationEconomic UpdatE JUnE 2016
Economic Update June Date of issue: 30 June Central Bank of Malta, Address Pjazza Kastilja Valletta VLT 1060 Malta Telephone (+356) 2550 0000 Fax (+356) 2550 2500 Website https://www.centralbankmalta.org
More informationNational Accounts Estimates ( ) September 2018 issue
National Accounts Estimates (2015 2018) September 2018 issue 1. INTRODUCTION This issue of Economic and Social Indicators presents National Accounts estimates for the period 2015 to 2018. Concepts and
More informationNigerian Gross Domestic Product Report
Issue Quarter: Four Year: Nigerian Gross Domestic Product Report Quarter Four 2015 Preface This publication provides data on Quarterly Gross Domestic Product (GDP) estimates for the four quarters of 2014,
More informationNATIONAL ACCOUNTS STATISTICS
SDT: 35-06 KINGDOM OF TONGA NATIONAL ACCOUNTS STATISTICS 2010 October 2010 Statistics Department P.O. Box 149, Nuku alofa Government of Tonga Telephone: (676) 23-300 / 23-913 Fax : (676) 24-303 Email :
More informationNATIONAL ACCOUNTS STATISTICS REPORT 2016
NATIONAL ACCOUNTS STATISTICS REPORT 2016 STATISTICS REPORT. Private Bag 0024 Botswana Tel: (267) 367 1300. Toll Free: 0800 600 200. Fax: (267) 395 2201. Email: info@statsbots.org.bw Website: www.statsbots.org.bw
More informationNATIONAL ACCOUNTS STATISTICS TO KINGDOM OF TONGA. May Price: T$25.00
SDT: 35-07 KINGDOM OF TONGA NATIONAL ACCOUNTS STATISTICS 2001-02 TO 2009-10 May 2011 Statistics Department P.O. Box 149, Nuku alofa Government of Tonga Telephone: (676) 23-300 / 23-913 Email: dept@stats.gov.to
More informationINTEGRATED FINANCIAL AND NON-FINANCIAL ACCOUNTS FOR THE INSTITUTIONAL SECTORS IN THE EURO AREA
INTEGRATED FINANCIAL AND NON-FINANCIAL ACCOUNTS FOR THE INSTITUTIONAL SECTORS IN THE EURO AREA In May 26 the published for the first time a set of annual integrated non-financial and financial accounts,
More informationOperating Surplus, Mixed Income and Consumption of Fixed Capital 1
Total Total Operating Surplus, Mixed Income and Consumption of Fixed Capital 1 Introduction This paper continues the series dedicated to extending the contents of the Handbook Essential SNA: Building the
More informationAn Introduction to System of National Accounts - Basic Concepts
Lesson-VI: Printable Lesson: VI Sequence of Accounts An Introduction to System of National Accounts - Basic Concepts Fourth e-learning Course on the 2008 System of National Accounts October December 2013
More informationNigerian Gross Domestic Product Report
Issue 03 Quarter: Three Year: Nigerian Gross Domestic Product Report Quarter Three NATIONAL BUREAU OF STATISTICS Preface This publication provides data on Quarterly Gross Domestic Product (GDP) estimates
More informationQuarter 3, Copyrights Statistics Botswana 2018
STATISTICS BOTSWANA GROSS DOMESTIC PRODUCT Quarter 3, 2018 Copyrights 2018. Private Bag 0024 Botswana Tel: (267) 367 1300. Fax: (267) 395 2201. Email: info@statsbots.org.bw Website: www.statsbots.org.bw
More informationNational Accounts
Republic of Namibia National Accounts 1996 2006 Sectoral Contribution to GDP, 2006 Primary Sector 22.1% Tertiary Sector 51.6% Secondary Sector 18.4% Central Bureau of Statistics National Planning Commission
More informationNATIONAL ECONOMIC ACCOUNTS 2010 (Provisional Estimates)
REPUBLIC OF CYPRUS NATIONAL ECONOMIC ACCOUNTS 2010 (Provisional Estimates) STATISTICAL SERVICE National Accounts Statistics Series II Report No. 27 Obtainable from the Printing Office of the Republic of
More informationNational Accounts Statistics Report 2015
National Accounts Statistics Report 2015 Private Bag 0024, Gaborone. Tel: 3671300 Fax: 3952201 E-mail: info@statsbots.org.bw Website: http://www.statsbots.org.bw 2. Preface Published by STATISTICS BOTSWANA
More informationEconomic Update 9/2016
Economic Update 9/ Date of issue: 10 October Central Bank of Malta, Address Pjazza Kastilja Valletta VLT 1060 Malta Telephone (+356) 2550 0000 Fax (+356) 2550 2500 Website https://www.centralbankmalta.org
More informationQuarterly Spanish National Accounts. Base 2008
28 November 2013 Quarterly Spanish National Accounts. Base 2008 Third quarter of 2013 Quarterly National Accounts (GDP) Latest data Year-on-year growth rate Quarter-on-quarter growth rate Third quarter
More informationSTATISTICS BOTSWANA GROSS DOMESTIC PRODUCT. No:2017/3. Third Quarter 2017
No:2017/3 STATISTICS BOTSWANA GROSS DOMESTIC PRODUCT Third Quarter 2017 Copyrights 2017 Private Bag 0024, Gaborone. Tel: 367 1300 Fax: 395 2201 Toll Free: 0800 600 200 E-mail: info@statsbots.org.bw Website:
More informationAnnual National Accounts
Annual National Accounts 2013 Est. by Statistics Act 9 of 2011 Namibia Statistics National Accounts : 2013 Agency 1 OUR MISSION In a coordinated manner we produce and disseminate relevant, quality and
More informationEconomic ProjEctions for
Economic Projections for 2016-2018 ECONOMIC PROJECTIONS FOR 2016-2018 Outlook for the Maltese economy 1 Economic growth is expected to ease Following three years of strong expansion, the Bank s latest
More informationGross domestic product, 2008 (Preliminary estimation)
Internet publication www.ksh.hu Hungarian September 2009 Central Statistical Office ISBN 978-963-235-266-4 Gross domestic product, 2008 (Preliminary estimation) Contents Summary...2 Tables...4 Methodological
More informationEconomic Projections for
Economic Projections for 2015-2017 Article published in the Quarterly Review 2015:3, pp. 86-91 7. ECONOMIC PROJECTIONS FOR 2015-2017 Outlook for the Maltese economy 1 The Bank s latest macroeconomic projections
More informationNational Accounts (Income and Expenditure): Year ended March 2012
National Accounts (Income and Expenditure): Year ended March 2012 Embargoed until 10:45am 21 November 2012 Key facts In the year ended March 2012: Current price gross domestic product (GDP) increased 3.7
More informationNigerian Gross Domestic Product Report
Issue Quarter: Three Year: 2015 Nigerian Gross Domestic Product Report Quarter Three 2015 Preface This publication provides data on Quarterly Gross Domestic Product (GDP) estimates for the four quarters
More informationAustralian National Accounts
30 June 1996 EMBARGO: 11:30 AM (CANBERRA TIME) MON 12 JAN 1998 Australian National Accounts National Balance Sheet ABS Catalogue No. 5241.0 NOTES The estimates included in this publication are consistent
More informationNet lending of the Portuguese economy increased to 1.1% of GDP
22 December 2017 Quarterly Sector Accounts (Base 2011) Third Quarter 2017 Net lending of the Portuguese economy increased to 1.1% of GDP The net lending of the economy stood at 1.1% of the Gross Domestic
More informationConsensus Forecast for 2013
Consensus Forecast for 2013 William Strauss Senior Economist and Economic Advisor Review of past performance 1 The growth in real GDP was in-line with expectations quarterly forecasts made at last year
More informationSources for Other Components of the 2008 SNA
4 Sources for Other Components of the 2008 SNA This chapter presents an overview of the sequence of accounts and balance sheets of the 2008 SNA. It is designed to give the compiler of the quarterly GDP
More informationEconomic Survey December 2006 English Summary
Economic Survey December English Summary. Short term outlook Reaching an annualized growth rate of.5 per cent in the first half of, GDP growth in Denmark has turned out considerably stronger than expected
More informationEconomic Projections :1
Economic Projections 2017-2020 2018:1 Outlook for the Maltese economy Economic projections 2017-2020 The Central Bank s latest economic projections foresee economic growth over the coming three years to
More informationPRELIMINARY ANNUAL NATIONAL ACCOUNTS 2014
PRELIMINARY ANNUAL NATIONAL ACCOUNTS 2014 Est. by Statistics Act 9 of 2011 Preliminary Annual National Account 2014 Namibia Statistics Agency 1 MISSION STATEMENT In a coordinated manner we produce and
More informationTIMOR-LESTE COUNTRY REPORT
TIMOR-LESTE COUNTRY REPORT SUMMARY At constant prices (2015=100), in 2015 the non- Oil GDP increased 4.0%, following the GDP expenditure (e) approach, as the headline GDP (GDP (e) = GDP). For the other,
More informationProjections for the Portuguese economy:
Projections for the Portuguese economy: 217-19 7 Projections for the Portuguese economy: 217-19 1. Introduction The projections for the Portuguese economy point to a continued economic activity recovery
More informationGROSS DOMESTIC PRODUCT
GROSS DOMESTIC PRODUCT September 2014 2013 HIGHLIGHTS GDP = $5.6 billion, marginally up 0.7% in 2013 In 2013, Gross Domestic Product (GDP), which measures the total value of goods and services produced
More informationUPDATE OF QUARTERLY NATIONAL ACCOUNTS MANUAL: CONCEPTS, DATA SOURCES AND COMPILATION 1 CHAPTER 4. SOURCES FOR OTHER COMPONENTS OF THE SNA 2
UPDATE OF QUARTERLY NATIONAL ACCOUNTS MANUAL: CONCEPTS, DATA SOURCES AND COMPILATION 1 CHAPTER 4. SOURCES FOR OTHER COMPONENTS OF THE SNA 2 Table of Contents 1. Introduction... 2 A. General Issues... 3
More informationNATIONAL ECONOMIC ACCOUNTS 2011 (Provisional Estimates)
REPUBLIC OF CYPRUS NATIONAL ECONOMIC ACCOUNTS 2011 (Provisional Estimates) STATISTICAL SERVICE National Accounts Statistics Series II Report No. 28 Obtainable from the Printing Office of the Republic of
More informationNATIONAL ACCOUNTS REPORT 2006
THE COMMONWEALTH OF THE BAHAMAS NATIONAL ACCOUNTS REPORT 2006 DEPARTMENT OF STATISTICS Clarence Bain Building Regent Center P. O. Box N-3904 P. O. Box F-42561 Nassau, Bahamas Freeport, Bahamas Telephone:
More informationGuidelines for the Notes on National Accounts Methodology
Guidelines for the Notes on National Accounts Methodology In addition to the national accounts data, metadata on the national accounts methodology is published in the United Nations publication: National
More informationEconomic Projections :2
Economic Projections 2018-2020 2018:2 Outlook for the Maltese economy Economic projections 2018-2020 The Central Bank s latest economic projections foresee economic growth over the coming three years to
More informationAn Introduction to System of National Accounts - Basic Concepts
Lesson II: Macro-economic Framework An Introduction to System of National Accounts - Basic Concepts Fifth e-learning Course on the 2008 System of National Accounts May 2014 July 2014 1 Content 2 SNA Introduction
More informationAustria s economy set to grow by close to 3% in 2018
Austria s economy set to grow by close to 3% in 218 Gerhard Fenz, Friedrich Fritzer, Fabio Rumler, Martin Schneider 1 Economic growth in Austria peaked at the end of 217. The first half of 218 saw a gradual
More informationCountry Report UZBEKISTAN
Regional Course on SNA 2008 (Special Topics): Improving Exhaustiveness of GDP Coverage 22 30 August 2016 Daejeon, Republic of Korea Country Report UZBEKISTAN Data sources and estimation methods for compiling
More informationCorporate and Household Sectors in Austria: Subdued Growth of Indebtedness
Corporate and Household Sectors in Austria: Subdued Growth of Indebtedness Stabilization of Corporate Sector Risk Indicators The Austrian Economy Slows Down Against the background of the renewed recession
More informationQuarterly Spanish National Accounts. Base 2000
17 November 2010 Quarterly Spanish National Accounts. Base 2000 Third quarter of 2010 Quarterly National Accounts (GDP) Latest data Year-on-year growth rate Quarter-on-quarter growth rate Third quarter
More informationEconomic Bulletin. June Lisbon,
Economic Bulletin June 2017 Lisbon, 2017 www.bportugal.pt Economic Bulletin June 2017 Banco de Portugal Av. Almirante Reis, 71 1150-012 Lisboa www.bportugal.pt Edition Economics and Research Department
More informationQuarterly Spanish National Accounts. Base 2008
28 August 2012 Quarterly Spanish National Accounts. Base 2008 Second quarter of 2012 Quarterly National Accounts (GDP) Latest data Year-on-year growth rate Quarter-on-quarter growth rate Second quarter
More informationThe Icelandic Economy
The Icelandic Economy Summer 26 Revised macroeconomic forecast 26-28 M inistry of Finance Contents Main conclusions...3 Summary of the forecast...3 Developments in 26...3 Economic prospects for 27...5
More informationManual on the Changes between ESA 95 and ESA 2010
EUROPEAN COMMISSION EUROSTAT Directorate C: National Accounts, Prices and Key Indicators Manual on the Changes between ESA 95 and ESA 2010 The Manual on the Changes between ESA 95 and ESA 2010 sets out
More informationEl Salvador. 1. General trends. 2. Economic policy. Most macroeconomic indicators for El Salvador worsened in Real GDP increased by
Economic Survey of Latin America and the Caribbean 2008-2009 173 El Salvador 1. General trends Most macroeconomic indicators for El Salvador worsened in 2008. Real GDP increased by 2.5%, two percentage
More informationThe Icelandic Economy
The Icelandic Economy Spring 2006 Macroeconomic forecast 2006 2010 Summary edition on April 25th 2006 M inistry of Finance The Icelandic Economy Spring 2006 25 April, 2006 This issue is published on the
More informationA new presentation for the quarterly National Accounts
A new presentation for the quarterly National Accounts The Canadian System of National Accounts 2012 (CSNA2012) Section 1: Current presentation of the Canadian National Accounts Section 2: New presentation,
More informationHighlights 2/2017. Main topics: Ministry of Finance of the Republic of Bulgaria. Economic and Financial Policy Directorate ISSN
BULGARIAN месечен ECONOMY обзор Monthly Report Ministry of Finance of the Republic of Bulgaria 2/217 Economic and Financial Policy Directorate ISSN 2367-2 Main topics:» Gross domestic product» Short-term
More informationMonthly Economic Review
Monthly Economic Review FEBRUARY 2018 Based on January 2018 data releases Bedfordshire Chamber of Commerce Headlines UK GDP growth picked up in Q4, driven by stronger output from the services sector The
More informationTHE CONSTRUCTION SECTOR IN 2015
THE CONSTRUCTION SECTOR IN 215 Article published in the Quarterly Review 216:2, pp. 25-32 BOX 2: THE CONSTRUCTION SECTOR IN 215 1 This Box reviews developments in the construction and real estate sectors
More informationExports and imports in current and constant prices 1
Exports and imports in current and constant prices 1 Introduction This paper continues the series dedicated to extending the contents of the Handbook Essential SNA: Building the Basics 2. The aim of this
More informationBRAZIL. 1. General trends
Economic Survey of Latin America and the Caribbean 2014 1 BRAZIL 1. General trends In 2013, the Brazilian economy grew by 2.5%, an improvement over the 1% growth recorded in 2012. That low growth continued
More informationDIGEST OF PRODUCTIVITY AND COMPETITIVENESS STATISTICS
Vol.18 REPUBLIC OF MAURITIUS Ministry of Finance and Economic Development STATISTICS MAURITIUS DIGEST OF PRODUCTIVITY AND COMPETITIVENESS STATISTICS 2014 June 2015 (Price Rs. 150.00) Ministry of Finance
More informationImplementation of 2008 System of National Accounts - Challenges
Statistics and Applications {ISSN 2454-7395 (online)} Volume 16, No. 2, 2018 (New Series) pp 1-19 Implementation of 2008 System of National Accounts - Challenges A.C. Kulshreshtha 208 E, MIG Flats, Rajouri
More informationSaving, financing and investment in the euro area
Saving, financing and investment in the euro area Saving, financing and (real and financial) investment in the euro area from 1995 to 21 are analysed in this article in the framework of annual financial
More informationThis Press Release is embargoed against publication, telecast or circulation on internet till 5.30 pm today i.e. 31 st January, 2018.
This Press Release is embargoed against publication, telecast or circulation on internet till 5.30 pm today i.e. 31 st January, 2018. PRESS NOTE ON FIRST REVISED ESTIMATES OF NATIONAL INCOME, CONSUMPTION
More informationLETTER. economic THE CANADA / U.S. PRODUCTIVITY GAP: THE EFFECT OF FIRM SIZE FEBRUARY Canada. United States. Interest rates.
economic LETTER FEBRUARY 2014 THE CANADA / U.S. PRODUCTIVITY GAP: THE EFFECT OF FIRM SIZE For many years now, Canada s labour productivity has been weaker than that of the United States. One of the theories
More informationSME Monitor Q aldermore.co.uk
SME Monitor Q1 2014 aldermore.co.uk aldermore.co.uk Contents Executive summary UK economic overview SME inflation index one year review SME cost inflation trends SME business confidence SME credit conditions
More informationSession 5 Supply, Use and Input-Output Tables. The Use Table
Session 5 Supply, Use and Input-Output Tables The Use Table Introduction A use table shows the use of goods and services by product and by type of use for intermediate consumption by industry, final consumption
More informationEconomic Projections :3
Economic Projections 2018-2020 2018:3 Outlook for the Maltese economy Economic projections 2018-2020 The Central Bank s latest projections foresee economic growth over the coming three years to remain
More informationRegulatory Announcement RNS Number: RNS to insert number here Québec 27 November, 2017
ISSN 1718-836 Regulatory Announcement RNS Number: RNS to insert number here Québec 27 November, 2017 Re: Québec Excerpts from The Quebec Economic Plan November 2017 Update, Québec Public Accounts 2016-2017
More information2 Some Essential Macroeconomic Aggregates
2 Some Essential Macroeconomic Aggregates 2.1 Defining Gross Domestic Product (GDP) 2.2 Deriving GDP in Volume 2.3 Defining Demand: the Role of Investment and Consumption 2.4 Reconciling Global Output
More informationEconomic Survey of Latin America and the Caribbean CHILE. 1. General trends. 2. Economic policy
Economic Survey of Latin America and the Caribbean 2017 1 CHILE 1. General trends In 2016 the Chilean economy grew at a slower rate (1.6%) than in 2015 (2.3%), as the drop in investment and exports outweighed
More informationCurrent Economic Conditions and Selected Forecasts
Order Code RL30329 Current Economic Conditions and Selected Forecasts Updated May 20, 2008 Gail E. Makinen Economic Policy Consultant Government and Finance Division Current Economic Conditions and Selected
More informationInvestment 3.1 INTRODUCTION. Fixed investment
3 Investment 3.1 INTRODUCTION Investment expenditure includes spending on a large variety of assets. The main distinction is between fixed investment, or fixed capital formation (the purchase of durable
More informationECO 209Y MACROECONOMIC THEORY AND POLICY LECTURE 2: NATIONAL INCOME ACCOUNTING
ECO 209Y MACROECONOMIC THEORY AND POLICY LECTURE 2: NATIONAL INCOME ACCOUNTING Gustavo Indart Slide1 GROSS DOMESTIC PRODUCT Gross Domestic Product (GDP) is the value of all final goods and services produced
More informationHKU Announced 2014 Q3 HK Macroeconomic Forecast
Press Release July 3, 2014 HKU Announced 2014 Q3 HK Macroeconomic Forecast Hong Kong Economic Outlook The APEC Studies Programme of the Hong Kong Institute of Economics and Business Strategy at the University
More informationBolivarian Republic of Venezuela
Economic Survey of Latin America and the Caribbean 2008-2009 107 Bolivarian Republic of Venezuela 1. General trends The Venezuelan economy exhibited less buoyant growth in 2008 than in previous years:
More informationSri Lanka: Recent Economic Trends. January 2018
Sri Lanka: Recent Economic Trends January 2018 1 Agenda Summary Economic Growth Inflation and Monetary Policy External Account Fiscal Scenario of Government of Sri Lanka ICRA Lanka Limited 2 2 Agenda Summary
More informationGross Domestic Product , preliminary figures for Aruba
Gross Domestic Product 2000 2006, preliminary figures for Aruba Central Bureau of Statistics Aruba Oranjestad, December 2007 COPYRIGHT RESERVED Use of the contents of this publication is allowed, provided
More informationA STRUCTURED APPROACH TO PRICE AND VOLUME MEASURES IN THE NATIONAL ACCOUNTS
A STRUCTURED APPROACH TO PRICE AND VOLUME MEASURES IN THE NATIONAL ACCOUNTS Presentation to the Regional Seminar on Developing a Programme for the Implementation of the 2008 SNA in the Pacific Region Carl
More informationThe use of business services by UK industries and the impact on economic performance
The use of business services by UK industries and the impact on economic performance Report prepared by Oxford Economics for the Business Services Association Final report - September 2015 Contents Executive
More informationValentyn Povroznyuk, Radu Mihai Balan, Edilberto L. Segura
September 214 GDP grew by 1.2% yoy in Q2 214. Industrial output growth was equal to 1.4% yoy in June 214. The consolidated budget deficit narrowed to.2% of GDP in January-July 214. Consumer inflation slightly
More informationNational Accounts GROSS DOMESTIC PRODUCT BY PRODUCTION, INCOME AND EXPENDITURE APPROACH
TB 01 Thematic Bulletin ISSN 2232-7789 National Accounts GROSS DOMESTIC PRODUCT BY PRODUCTION, INCOME AND EXPENDITURE APPROACH Bosnia and Herzegovina BHAS Agency for Statistic of Bosnia and Herzegovina
More informationKey Economic Indicators for Saskatchewan
Key Economic Indicators for An interprovincial comparison of selected economic indicators over time. Doug Elliott Sask Trends Monitor 444 19th Avenue Regina, S4N 1H1 Tel: 306-522-5515 Fax: 306-522-5838
More informationEconomic and Social Council
United Nations Economic and Social Council ECE/CES/GE.20/2014/20 Distr.: General 2 April 2014 English only Economic Commission for Europe Conference of European Statisticians Group of Experts on National
More informationECONOMY REPORT - BRUNEI DARUSSALAM
ECONOMY REPORT - BRUNEI DARUSSALAM (Extracted from 2001 Economic Outlook) REAL GROSS DOMESTIC PRODUCT In 2000, Brunei Darussalam s economy improved and grew at 3 percent, compared to 2.5 percent in the
More informationUpdated macroeconomic forecast
Prepare for landing: Updated macroeconomic forecast 217-219 26 January 218 Íslandsbanki Research Executive summary The Icelandic economy has been buoyant in the past few years, after the deep recession
More informationPreliminary Annual. National Accounts. Preliminary Annual National Accounts 2016
Preliminary Annual National Accounts 2016 Preliminary Annual National Accounts 2016 1 Mission Statement In a coordinated manner produce and disseminate relevant, quality and timely statistics that are
More informationSUMMARY OF MACROECONOMIC DEVELOPMENTS
SUMMARY OF MACROECONOMIC DEVELOPMENTS FEBRUARY 2018 2 Summary of macroeconomic developments, February 2018 Forecasts for global economic developments over the medium term are optimistic. In its January
More informationMacroeconomic Theory and Policy
ECO 209Y Macroeconomic Theory and Policy Lecture 2: National Income Accounting Gustavo Indart Slide1 Gross Domestic Product Gross Domestic Product (GDP) is the value of all final goods and services produced
More informationCompilation of Use Table in MYANMAR
International Workshop on Supply and Use Tables 11-13 September 2018, Beijing, China Compilation of Use Table in MYANMAR Kyin Htay Director Planning Department 1 Outline of the Presentation Current Situation
More informationNational accounts and government finances
National accounts and government finances Danish economy Financial claims Inflation International comparison of GDP Public sector General government sector Taxes and duties Distribution of tasks and burden
More informationGross Domestic Product: June 2009 quarter
Embargoed until 10:45am 23 September 2009 Highlights Gross domestic product (GDP): Economic activity was up 0.1 percent in the June 2009 quarter, following five quarters of contraction. Activity in the
More informationNigerian Gross Domestic Product Report
Issue 05 Quarter: One Year: 2015 Nigerian Gross Domestic Product Report Quarter One 2015 NATIONAL BUREAU OF STATISTICS Preface This publication provides data on Quarterly Gross Domestic Product (GDP) estimates
More informationOntario Economic Accounts
SECOND QUARTER OF 2017 April, May, June Ontario Economic Accounts ONTARIO MINISTRY OF FINANCE Table of Contents ECONOMIC ACCOUNTS Highlights 1 Ontario s Economy Continues to Grow Expenditure Details 2
More informationGuatemala. 1. General trends. 2. Economic policy. In 2009, the Guatemalan economy faced serious challenges as attempts were made to mitigate
Economic Survey of Latin America and the Caribbean 2009-2010 161 Guatemala 1. General trends In 2009, the Guatemalan economy faced serious challenges as attempts were made to mitigate the impact of the
More informationNational Accounts of Georgia
National of Georgia I. Current situation of National and main outstanding issues from SNA93 The implementation of new methodology (SNA93) in Georgian National started nearly 20 years ago. SNA 93 is the
More informationEconomic projections
Economic projections 2017-2020 December 2017 Outlook for the Maltese economy Economic projections 2017-2020 The pace of economic activity in Malta has picked up in 2017. The Central Bank s latest economic
More informationDOMINICAN REPUBLIC. 1. General trends
Economic Survey of Latin America and the Caribbean 2016 1 DOMINICAN REPUBLIC 1. General trends The economy of the Dominican Republic grew by 7.0% in 2015, compared with 7.3% in 2014. That growth is driven
More informationOUTLOOK THE CHANGING STRUCTURE OF THE WA ECONOMY ABOUT OUTLOOK
OUTLOOK July 2017 I Chamber of Commerce and Industry of Western Australia (Inc) THE CHANGING STRUCTURE OF THE WA ECONOMY ABOUT OUTLOOK Outlook is CCIWA s biannual analysis of the Western Australian economy.
More information14 October 2013 Rev 25 SNA BASIC CONCEPTS (BASED ON SNA 2008)
14 October 2013 Rev 25 SNA BASIC CONCEPTS (BASED ON SNA 2008) CONCEPT Accumulation Asset Assets (produced) Assets (nonproduced) Asset (fixed) goods and services are used for the three economic activities
More informationStructural changes in the Maltese economy
Structural changes in the Maltese economy Article published in the Annual Report 2014, pp. 72-76 BOX 4: STRUCTURAL CHANGES IN THE MALTESE ECONOMY 1 Since the global recession that took hold around the
More informationQuarterly Spanish National Accounts. Base 2008
29 May 2014 Quarterly Spanish National Accounts. Base 2008 First quarter of 2014 Quarterly National Accounts (GDP) Latest data Year-on-year growth rate Quarter-on-quarter growth rate First quarter of 2014
More informationINCREASING THE RATE OF CAPITAL FORMATION (Investment Policy Report)
policies can increase our supply of goods and services, improve our efficiency in using the Nation's human resources, and help people lead more satisfying lives. INCREASING THE RATE OF CAPITAL FORMATION
More information