National accounts

Real Household Disposable Income per capita provides a better indicator of household economic well-being than real GDP per capita because it is a measure of household income, and it is deflated using price changes for the household sector (consumers).

Traditionally, Supply and Use Tables (SUTs) have been used to improve Gross Domestic Product (GDP) estimates by balancing the supply and demand of goods and services within the national accounts. In recent years, SUTs have also become the key accounting tool for generating national Input-Output Tables, ...

In 2020, Gross Domestic Product (GDP) declined in most OECD countries as a consequence of the COVID-19 pandemic. Declining GDP tends to be accompanied by a fall in tax revenue because most tax liabilities are based either directly or indirectly on production in the economy...