Glossary:Goods and services account
The goods and services account shows the balance between the total goods and services supplied as resources to the economy as output and imports (including the value of taxes less subsidies on products which are not included in the valuation of output at basic prices but which are included in the valuation of intermediate consumption at purchaser prices) and the use of the same goods and services as intermediate consumption, final consumption, capital formation and exports.
Related concepts
Source
- ESA 2010 paras 8.78-8.82]]
- The 2008 SNA, European Commission, IMF, OECD, UN, World Bank, 2009, Chapter XVI: Summarizing and integrating the accounts, point 16.27