Statistics Brief: New standards for compiling national accounts: what’s the impact on GDP and other macro-economic indicators?
Summary Note on Changes in System of National Accounts of 2008
Institution
OECD
Year
2017
Level
Basic
Abstract
This Statistics Brief briefly explains the quantitatively most important conceptual changes in the international standards for compiling national accounts: enlarging the capital base with Research and Development (R&D) and military weapon systems; the recording of pension entitlements; the classification of head offices, holding companies and Special Purpose Entities (SPEs); some of the changes related to globalisation; and the measurement of financial services. The Brief also discusses the impact of the changeover on main economic indicators, like Gross Domestic Product and Net National Income.