Statistical Terms Glossary

Produced assets are non-financial assets that have come into existence as outputs from processes that fall within the production boundary of the SNA; produced assets consist of fixed assets, inventories and valuables

See: Production unit

The Producer Nominal Assistance Co-efficient (NACp) is an indicator of the nominal rate of assistance to producers measuring the ratio between the value of gross farm receipts including support and gross farm receipts valued at world market prices without support.

The Consumer Nominal Assistance Co-efficient (NACc) is an indicator of the nominal rate of assistance to consumers measuring the ratio between the value of consumption expenditure on agricultural commodities domestically produced including support to producers and that valued at world market prices without support to consumers.

The amount receivable by the producer from the purchaser for a unit of a good or service produced as output minus any VAT, or similar deductible tax, invoiced to the purchaser. It excludes any transport charges invoiced separately by the producer.

A measure of the change in the prices of goods and services either as they leave their place of production or as they enter the production process. A measure of the change in the prices received by domestic producers for their outputs or of the change in the prices paid by domestic producers for their intermediate inputs.

Producer services are intermediate inputs to further production activities that are sold to other firms, although households are also important consumers in some cases. They typically have a high information content and often reflect a “contracting out” of support services that could be provided in-house.

The Producer Support Estimate (PSE) is an indicator of the annual monetary value of gross transfers from consumers and taxpayers to support agricultural producers, measured at farm gate level, arising from policy measures, regardless of their nature, objectives or impacts on farm production or income.

The producer’s price is the amount receivable by the producer from the purchaser for a unit of a good or service produced as output minus any VAT, or similar deductible tax, invoiced to the purchaser; it excludes any transport charges invoiced separately by the producer.

Producers for own final use produce mostly goods and services for final consumption or fixed capital formation by the owners of the enterprises in which they are produced.

An index constructed from price data supplied by producers.

See: Deadweight welfare loss

See: Production unit

Products are goods and services (including knowledge-capturing products) that result from a process of production. They are exchanged and used for various purposes: as inputs in the production of other goods and services, as final consumption or for investment. The SNA makes a conceptual distinction between market, own final use and nonmarket goods and services, allowing in principle any kind of good or service to be any of these three types.

Product (commodity) technology assumption is one of two types of technology assumptions used in converting supply and use tables into symmetric input-output tables; it assumes that a product has the same input structure in whichever industry it is produced.

Is one that has implemented a new or significantly improved product or process during the period under review.

A product innovation is the introduction of a good or service that is new or significantly improved with respect to its characteristics or intended uses. This includes significant improvements in technical specifications, components and materials, incorporated software, user friendliness or other functional characteristics.

A group or class of products that are relatively homogeneous in use and in price behaviour.

A statement of the characteristics of the range of products included in a product line. Its purpose is to provide the frame within which individual products may be selected as part of the sample for pricing. It may also describe the products included in a sub-index.

The term commonly used for the list of goods and services, together with their relative values of output or input, for which a sample of prices is collected for the purpose of compiling the PPI.

Requirement that the investor export to certain countries or region.

The deliberate replacement of a sampled product, or item, for which prices are being collected, by another product before the replaced product has disappeared from the market or individual establishment. It is designed to keep the sample of products up to date and reduce the need for forced replacements caused by the disappearance of products.

Product specific economies of scale are associated with the volume of output of any single product made and sold. In a multi-product firm or plant, product specific economies are often realized by specializing in the manufacture of one or a few products over a larger scale of output. Such economies generally arise by avoiding the costs of interrupting production and re-tooling that is required in order to produce different products with the same machinery and equipment. Product specific economies are often the basis for specialization agreements.

A detailed list of the characteristics that identify an individual sampled product. Its purpose is to ensure that a consistent price is collected from period to period relating to a consistent product with the same terms of sale in each period. Hence, the characteristics listed cover both the product (name, serial number, description, etc.) and the transaction.

The factor reversal test requires that multiplying a price index and a volume index of the same type should be equal to the proportionate change in the current values.

A product-by-product table is a symmetric input- output table with products as the dimension of both rows and columns; as a result it shows which products are used in the production of which other products