|Key statistical concept|
Annual nominal output is current price value added compiled according to the SNA 93.
The real output of activity J_K is adjusted to remove the (estimated) component attributed to the services provided by a dwelling to its occupants as this activity has no associated labour input. For a detailed explanation of this issue and the methodology used to perform the adjustment, see: Adjustment for ownership of dwellings. Consequently the published time series of real output for activities, J_K, G_K and C_K will differ from related national source data.
Aggregation and consolidation
Annual Nominal Output series are used as weights when compiling annually chain linked Real Output series for economic activities G_K (Market Services) and C_K (Business Sector).
The Annual Nominal Output series for each economic activity are also used as the denominator for the Labour Income Share ratio - also known as the Real Unit Labour Cost.
|All Higher Levels|
Main Economic Indicators