National Accounts
The national income statistics presented in this chapter is derived from the publication,
entitled,
“
National Income of Thailand
”
, published by the National Economic and Social Development
Board, Office of the Prime Minister.
“
National Accounts”
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 indicator reflecting the economic situation of 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, these 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.
