Thai Economic Indicators 2011

Definition National Accounts National Income (NI) NI means the aggregate income of domestic residents derived from the production of goods and services of an economy, during a period of time. The summation of all income of the owners of the factors of production in the forms of salaries, wages, rents, interests and profits. Gross Domestic Product (GDP) GDP means the value domestically produced goods and services in their final forms, during a specific period of time, irrespective of the original sources of production factors. On the other hand, domestic resources engaging in the production of goods and services abroad are excluded from the gross domestic product. Gross National Product (GNP) GNP means the value of domestically produced goods and services in their final forms, during a specific period of time, thereby utilizing production factors owned by domestic residents of the economy. The GNP can also be defined as the sum of GDP and net factor income from abroad. Gross fixed capital formation (GFCF) GFCF is a measure of gross net investment (acquisitions less disposals) in fixed capital assets by enterprises, government and households within the domestic economy, during an accounting period such as a quarter or a year: Degree of Openness It means level of economic dependency. Agriculture, Forestry and Fishery Area of Agricultural Holdings The combined area of all the holding’s parcels in the province (cultivating crops and rearing livestock) , including land owned by the holder, rented from others and land under other forms. The holding area includes farmyard, land occupied by farm buildings and holder’s house located on the holding. Agricultural Holdings It’s refers to a civil or juridical person who exercises management control and takes major decisions over the agricultural holding operation. The holder has technical and economic responsibility for the holding and may undertake all responsibilities directly, or delegate responsibilities to a hired manager. A hired