Crude Oil and Natural Gas (MCONG)

Net inventory change of economy, measure

Net inventory change refers to the variation, from one period to the next, of produced assets that consist of goods and services, which came into existence in the current period or in an earlier period, and that are held for sale, for use in production or other use at a later date.

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 measurements:

  • Gigajoules
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