National Accounts   |   Statistics Division

Latest Data Upload: December 2013
 

Glossary - Definition of Term

Term
Changes in inventories
Definition Changes in inventories (including work-in-progress) consist of changes in:
(a) stocks of outputs that are still held by the units that produced them prior to their being further processed, sold, delivered to other units or used in other ways; and
(b) stocks of products acquired from other units that are intended to be used for intermediate consumption or for resale without further processing;
they are measured by the value of the entries into inventories less the value of withdrawals and the value of any recurrent losses of goods held in inventories.
 
It is acknowledged that this glossary uses descriptions of the OECD glossary of statistical terms, the Glossary of the System of National Accounts 1993 and the UN classifications registry.
 

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