National Economic Accounts

National Economic Accounts are a set of statistics that track a country's economic performance. They measure the total value of goods and services produced, known as Gross Domestic Product (GDP), alongside income generated and expenditure patterns. These accounts help policymakers understand economic health, informing decisions on fiscal policies and resource allocation. They also provide insights into living standards, investment trends, and overall economic growth, allowing comparisons between different countries or over time. Essentially, they serve as a comprehensive snapshot of a nation’s economic activity.