National Accounts
The source of national income statistics presented in this chapter is derived from the publication
which is entitled,
“
National Income of Thailand
”
as published by the Office of the National Economic and
Social Development Board, Office of the Prime Minister.
“
National Income
”
statistics are the economic indicator of the nation. This type of data reflects the
changes of the economy in relation to production, consumption, investment, savings, income and
expenditures as a true indicator of the economic situation for each year. It serves as an essential instrument
for the analysis procedures to formulate the economic policy and planning for both public and private sectors.
Furthermore, this statistics are the important tools for evaluating the development of the national economy
according to the targets of the National Economic and Social Development Plan.
The estimations of the national income of Thailand were made in accordance with the System of
National Accounts. The result of the national income estimation on production approach, expenditure
approach, and income approach are the same value.
Production approach
Gross Domestic Products
(
GDP
)
is the summation of all the values added of the domestic
production which has been classified into
16
sectors. The value added of each sector represents the products
of that sector less the value of goods and services purchased from other sector.
Gross National Products
(
GNP
)
at current market price is the total of Gross Domestic Products
(
GDP
)
at current market prices adds net factor income payment from the rest of the world before the
deduction of provision for the consumption of fix capital.
Gross National Products
(
GNP
)
at constant price, the purpose of its estimation is to obtain the real
value of all goods and services in the economy during a certain period without any change of the price. The
GNP at constant price was calculated by using price in the year of
1988
as the base year.
Gross Domestic Products at factor cost is the total of Gross Domestic Products
(
GDP
)
at current
market prices less indirect taxes.
Expenditure approach
Expenditure on GDP is the total of the private and general government consumption expenditures,
gross fixed capital formation and change in inventories plus exports minus imports of goods and services.
