Tashkent institute of finance


National accounting system and main macroeconomic indicators



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statistics 2-midterm

National accounting system and main macroeconomic indicators
GDP and other metrics of macroeconomic activity

  1. nominal GDP vs. real GDP

  2. GNP

  3. NNP

  4. NI

GDP is the market value of the final goods and services produced within a country in a given time period (typically one year) without regard for the ownership of inputs. Although GDP is called „product”, we can measure it in three ways:

  1. based on production,

  2. based on expenditures,

  3. based on income.

TABLE 4 : COMPONENTS OF GROSS DOMESTIC PRODUCT

(Base Year : 2011-12) Constant Prices

Items/Year

2017-18

2018-19

2019-20

2020-21

1

5

6

7

8

Private Final Consumption Expenditure

7330728

7884423

8321701

7560985

Government Final Consumption Expenditure

1344843

1429055

1541742

1586745

Gross Fixed Capital Formation

4083079

4486205

4730416

4220508

Changes in Stocks

206436

262639

158385

154276

Valuables

212307

191704

164527

167784

Exports of Goods and Services

2602012

2923273

2826639

2694386

Import of Goods and Services

3078274

3343220

3317165

2865827

Discrepancies

443451

169236

143023

-6117

Gross Domestic Product

13144582

14003316

14569268

13512740

Here we can see that the gross national product of india in 4 years is calculated by expenditures method



TABLE 3 : COMPONENTS OF GROSS VALUE ADDED At Basic Prices

GVA at Basic Prices (Base Year : 2011-12) Constant Prices

Items/Year

2017-18

2018-19

2019-20

2020-21

1

5

6

7

8

Agriculture, Forestry and Fishing

1840023

1887145

1968571

2040079

Industry

2811690

2951076

2892072

2707966

Mining & Quarrying

329612

330521

322116

294644

Manufacturing

2209428

2326067

2269424

2107068

Electricity, Gas, Water Supply & Other Utility Services

272650

294488

300532

306254

Services

7382458

7905981

8410827

7705385

Construction

964306

1025446

1035534

946396

Trade, Hotels, Transport, Communication and Services Related to Broadcasting

2368419

2537419

2699797

2208388

Financial, Real Estate & Professional Services

2537190

2718784

2916509

2872815

Public Administration, Defence and Other Services

1512542

1624331

1758987

1677786

GVA at Basic Prices

12034171

12744203

13271471

12453430

It is visible that gross national value added which is found subtracting from gross national product.



TABLE 9 : PER CAPITA NET STATE DOMESTIC PRODUCT- STATE-WISE (At Current Prices)




State / Union Territory

Andhra Pradesh

Arunachal Pradesh

Assam

Bihar

Chhattisgarh

Goa

Gujarat

Haryana

Himachal Pradesh

Jammu & Kashmir

Jharkhand

1

2

3

4

5

6

7

8

9

10

11

12

(Base : 1993-94)

1997-98

11650

11642

7966

4014

9218

32647

16585

17530

13488

9491

9581

1998-99

13965

12955

8826

4495

10056

40248

19001

19340

16144

11591

10715

1999-00

15049

13669

10080

4794

10405

44349

18831

21105

18160

12373

10362

(Base : 1999-2000)

1999-00

15427

13990

12282

5786

11629

42296

18864

23222

20806

13816

11549

2000-01

17195

15260

12803

6415

10744

43735

18392

25583

22795

14268

10345

2001-02

18573

17664

13059

6200

12170

44110

19823

28022

24608

15019

11034

2002-03

19434

17124

14421

6930

13002

48839

22683

30433

26627

16739

11835

2003-04

21931

19322

15487

6852

15515

54577

26922

34085

28333

17991

12951

2004-05

23925

22185

16900

7449

16976

66135

28846

37681

31197

19337

15555

(Base : 2004-05)

2004-05

25959

26721

16782

7914

18559

76968

32021

37972

33348

21734

18510

2005-06

28223

28171

18396

8223

20117

84721

37780

42309

36949

23240

18326

2006-07

32961

30132

19737

9967

24800

94882

43395

49261

40393

25059

19789

2007-08

39780

34466

21290

11051

29385

108708

50016

56917

43966

27448

24789

2008-09

44376

39726

24099

13728

34360

135966

55068

67405

49903

30212

25046

2009-10

50515

51068

28383

15457

34366

149164

64097

82037

58402

33650

28223

2010-11

58733

60961

33087

19111

41165

168024

77485

93852

68297

40089

34721

(Base : 2011-12)

2011-12

69000

73540

41142

21750

55177

259444

87481

106085

87721

53173

41254

2012-13

74687

82626

44599

24487

60849

234354

102826

121269

99730

56828

47360

2013-14

82870

94135

49734

26948

69880

215776

113139

137770

114095

61108

50006

2014-15

93903

114789

52895

28671

72936

289185

127017

147382

123299

61211

57301

2015-16

108002

116985

60817

30404

72991

334576

139254

164963

135512

73215

52754

2016-17

120676

124129

66330

34045

83285

378953

156295

184982

150290

76634

60018

2017-18

138299

138836

75151

36850

89690

411740

176961

210592

165497

84471

67484

2018-19

152286

154652

81034

40715

98254

423716

197457

226409

176459

95448

75421

2019-20

168480

169742

86801

45071

105089

435959

213936

247628

190407

102789

77739

2020-21

170215

.

.

46292

104943

.

.

239535

183286

104860

75587

PPP GDP per capita: GDP per capita presented on a purchasing power parity basis.
Purchasing power parity (PPP): an economic theory that estimates the amount of adjustment needed on the exchange rate between countries in order for the exchange to be equivalent to each currency's purchasing power.

There is a gross domestic product per capita according to regions of india.




GNP is the market value of the final goods and services produced by all citizens of a country in
a given time period (typically one year) without regard for the location of inputs.
GNP = GDP + net production manufactured abroad
NNP = GNP – depreciation

Depreciation is the estimate of the amount of capital (invested in assets of the economy) that will wear out or will be used up in producing GNP.


NI = NNP – indirect taxes

Indirect taxes are subtracted because they have no equivalent in production.

Direct taxes – taxes put on income directly (income taxes)

Indirect taxes – taxes put on income indirectly (sales and excise taxes)




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