National Gross Domestic Product (GDP) by Income and by Expenditure Accounts

Net national income at factor cost of economy, category

Net national income at factor cost refers to the net national product based on the cost factors of production, instead of market prices, thus removing the effects of subsidies or indirect taxes.

Economy refers to the entire set of resident institutional units. It is divided into sectors that consists of groups of resident institutional units. An institutional unit is resident in a country when it has a centre of economic interest in the economic territory of that country. It is said to have a centre of economic interest when there exists some location - dwelling, place of production or other premises - within the economic territory on, or from, which it engages, and intends to continue to engage, in economic activities and transactions on a significant scale either indefinitely or over a finite period of time.

The data for this variable are reported using the following classifications and/or lists:

• List of Components of Derivation of Net National Income at Factor Cost
  Data tables

  • Relation between gross domestic product (GDP) at market prices, gross national product (GNP) at market prices and net national income at factor cost, 1968 System of National Accounts (SNA) Table: 380-0502
  • Relation between gross domestic product (GDP) at market prices, gross national product (GNP) at market prices, net national income at factor cost and gross domestic product at factor cost, 1968 System of National Accounts (SNA) Table: 380-0515