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National Accounts at a Glance 2014

image of National Accounts at a Glance 2014

National Accounts at a Glance presents information using an "indicator" approach, focusing on cross-country comparisons. The aim being to make the national accounts more accessible and informative, whilst, at the same time, taking the opportunity to present the conceptual underpinning of, and comparability issues inherent in, each of the indicators presented.

The range of indicators reflects the richness inherent in the national accounts dataset and encourages users to refocus some of the spotlight that is often placed on gross domestic product (GDP) to other economic important indicators, which may better respond to their needs. The publication is broken down into eight key chapters, and provides indicators related to GDP, income, disposable income, expenditure, production, household, government, corporations and capital respectively.

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The 2008 SNA – changes from the 1993 SNA

For all OECD countries except Australia and the United States, the indicators presented in this publication are based on the 1993 SNA. For Canada, the non-financial indicators are presented on a 1993 SNA basis whereas the data for the financial indicators are presented on a 2008 SNA basis. The 2008 SNA has been finalised in 2009 and includes a number of changes to the 1993 SNA. It will be adopted by most OECD countries at the end of 2014 and this publication will reflect these changes in the next year’s publication. Therefore, the key changes (those that will eventually impact on the indicators presented in this publication) are discussed below. For Australia, an indication of the size of the changes for the two most significant items (R&D and weapons system) that impact on the indicators is also presented below. A full description of the impact of the 2008 SNA on Australia’s accounts can be found at: www.abs.gov.au/ausstats/[email protected]/mf/5310.0.55.002.

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