Part II. Supply and Use tables

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Presentation transcript:

Part II. Supply and Use tables 30 October 2006 SUPPLY & USE TABLES Leo Hiemstra Piet Verbiest Statistics Netherlands, National accounts in practice

BASIC TERMINOLOGY

- INTERMEDIATE CONSUMPTION BASIC TERMINOLOGY + PRODUCTION VALUE OF PRODUCED COMMODITIES (OUTPUT) - INTERMEDIATE CONSUMPTION VALUE OF COMMODITIES USED IN THE PRODUCTION PROCESS = VALUE ADDED (GROSS) DIFFERENCE BETWEEN PRODUCTION AND INTERMEDIATE CONSUMPTION INCOME GENERATED WITH PRODUCTION

BASIC TERMINOLOGY +GROSS VALUE ADDED - COMPENSATION OF EMPLOYEES = GROSS OPERATING SURPLUS/ MIXED INCOME

+ GROSS OPERATING SURPLUS/ MIXED INCOME - CONSUMPTION OF FIXED CAPITAL BASIC TERMINOLOGY + GROSS OPERATING SURPLUS/ MIXED INCOME - CONSUMPTION OF FIXED CAPITAL = NET OPERATING SURPLUS/ For all units together: å GROSS VALUE ADDED = Gross Domestic Product :GDP å NET VALUE ADDED = Net Domestic Product

GROSS VALUE ADDED : BASIC TERMINOLOGY INCOME GENERATED WITH PRODUCTION LABOUR CAPITAL ENTREPRENEUR/OWNER SELF-EMPLOYED: MIXED INCOME

EXERCISE Basic terminology

A SIMPLE SET OF SUPPLY AND USE TABLES Part II. Supply and Use tables 30 October 2006 A SIMPLE SET OF SUPPLY AND USE TABLES Intro zelf Doel en opbouw van deze module Mededelingen over de rest van de cursus Vragen en opmerkingen tijdens de les AGT van 1993 op P-serie niveau uitreiken Statistics Netherlands, National accounts in practice

TERMINOLOGY Production (P) Intermediate consumption (IC) Value added (Y)

TERMINOLOGY Final expenditure: Gross capital formation (I) Consumption (C) Exports (E) Imports (M)

Basic identities (1) P + M = IC + C + I + E (2) Y = P - IC (3) Y = C + I + E - M (4) Y = W + OS/MI (Total supply = Total use) 3 methods for calculating Value added / GDP

Three methods for computing GDP and National income Part II. Supply and Use tables 30 October 2006 Three methods for computing GDP and National income A. Production method -> based on value added by industry Y = P - IC B. Expenditure method -> based on expenses consumption capital formation exports - imports Y = C + I + E - M C. Income method -> based on information on income by sector In Supply and Use matrices we combine Production and Expenditure method Statistics Netherlands, National accounts in practice

Basic identities (1) P + M = IC + C + I + E (2) Y = P - IC (3) Y = C + I + E - M (4) Y = W + OS/MI Total supply = total use Production method Expenditure method Income method

Basic identities

Basic identities

Basic identities

Basic identities

Basic identities

Basic identities

SUPPLY Output of industries Import Total Commodities

USE Commodities Input of industries export cons. invest. Total Comp. empl. Op. surplus

SUPPLY USE Output of industries Import Total Input of Cons Export Invest. total Commodities Y P M IC+Y C E I Value added P – IC = Y = GDP P - IC = Y = GDP

EXERCISE A simple set of supply and use tables

Part II. Supply and Use tables 30 October 2006 SUPPLY & USE TABLES Statistics Netherlands, National accounts in practice