National Income and Product Accounts

National Income and Product Accounts (NIPA) are statistical tools that measure a country's economic activity. They track the total value of all goods and services produced (Gross Domestic Product) and the income earned by individuals and businesses from that production. These accounts help understand the health of an economy, showing how much is being produced, consumed, saved, and invested over time. Essentially, NIPA provides a comprehensive picture of economic performance, guiding policymakers, businesses, and analysts in making informed decisions.