Economic Indicators

Economic Indicators

Metrics used to assess, measure, and evaluate the overall state of the macroeconomy.

Gross Domestic Product (GDP)

The market value of all goods and services produced within a country during a specific period.

Gross National Product (GNP)

The GDP plus any income earned by residents from overseas investments, minus income earned by non-residents in the domestic economy.

Gross National Income (GNI)

The total income earned by a nation’s residents and businesses, regardless of where the money is generated.

Nominal GNP

Measured through the market value or price of goods and services at current market prices.

Real GNP/GNI

The value of the country’s production based on the price in a given base year.

Potential GNP/GNI

Estimated total production of the country based on productivity and capacity.

Actual GNP

The amount of produced goods and services attained in a country for one year.

National Economic Development Authority (NEDA)

The leading agency that measures the economic performance of the country.

Final Expenditure Approach

Measures GNP/GNI based on government, personal, and business expenditures.

Net Exports

The value of a nation's total export goods and services minus total imports.

Net Factor Income from Abroad (NFIA)

The income earned by residents from abroad minus the income earned by non-residents within the domestic economy.

Statistical Discrepancy

The difference between demand and supply in national accounts.

Industrial Origin Approach/Value Added Approach

Calculating GDP based on the contribution of each sector like agriculture, industry, and services.

Capital Consumption Allowance (CCA)

Funds allocated for depreciation intended for buying new machinery and facilities.

Indirect Business Tax (IBT)

Tax imposed on the goods and services after the subsidy has been deducted.

Compensation of Employees (CE)

Monetary benefits, commissions, and allowances received by employees.

Entrepreneurial Income (EI)

Income earned by entrepreneurs not classified as wages or salaries.

Corporate Income (CI)

Income received by corporations intended for business expansion.

Government Income (GI)

All income received by the government including taxes and earnings from state-owned corporations.

Income Distribution

Refers to how national income is divided among sectors of the economy.

Personal Disposable Income (PDI)

Income received by households after taxes and security insurance deductions.

Per Capita Income

the estimated income received by an individual when the total population is divided by the total production of the country.

Lorenz Curve

A graphical representation of income distribution in a country.

Cumulative Share of Income

Percentage of income earned distributed from the lowest to highest income groups.

the horizontal

represents the percentage of population by income group

the vertical

represents the percentage of income received. in constructing the Lorenz curve, it is necessary to get the cumulative percentage of income and population.

Business Expenditure

is the money you spend 'wholly and exclusively' for your business.

Personal Expenditure

refer to household consumption. This is the biggest component of the national product of the Philippine economy.

Government Expenditure

refers to the purchase of goods and services, which include public consumption and public investment, and transfer payments consisting of income transfers (pensions, social benefits) and capital transfer.