Gross Output - Presentations in UNSNA Accounts and US National Accounts

Presentations in UNSNA Accounts and US National Accounts

In the UNSNA standard "product account", gross output is the largest aggregate, and it is shown how GDP is derived from it, via subtracting intermediate consumption. However, in the American NIPA system, no annual totals for gross output and intermediate consumption are shown in the product account, the focus being on GDP and its components only - gross output and intermediate consumption are cited only in the input-output tables compiled for intermittent years. Thus, to find annual data for gross output and intermediate consumption of the United States, one needs to refer to UNSNA data sets. The estimates for components of US gross output in UNSNA and NIPA differ somewhat, because NIPA accounts do not fully conform to the UN standard.