The Traderszone Network

Published in TZ Latest News 8 March, 2015 by The TZ Newswire Staff

Welcome To The Dark Side: GDP & The Non-Observed Economy

Submitted by Silvia Merler and Pia Huttl via Bruegel.org,

Back in 2009, the United Nations Statistical Commission endorsed a revision to the System of National Accounts (SNA), which sets the international standards for the compilation of national accounts. As a consequence, Eurostat has amended the European equivalent of the SNA, the European System of Accounts (ESA) leading to a revision of GDP figures.

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