Economic Accounts

• Constant Prices (at constant prices) :  valuation of transactions, wherein the influence of price changes from the base year to the current year has been removed.

• Gross Domestic Product :  the value of all goods and services produced domestically; the sum of gross value added of all resident institutional units engaged in production .

• Gross Regional Domestic Product: aggregate of the gross value added or   income from each industry or economic activity of the regional   economy. 

• Gross National Product – the Gross Domestic Product adjusted with the net   factor income from the rest of the world. It refers to the aggregate earnings of the factors of production (nationals) plus indirect taxes (net) and capital consumption allowance.

• Gross Value Added: the difference between gross output and     intermediate inputs. Gross outputs of a production unit during a      given period is equal to the gross value of the goods and services      produced during the period and recorded at the moment they are    produced, regardless of whether or not there is a change of ownership. Intermediate inputs refer to the value of goods and services used in the production process during the accounting period

• Personal Consumption Expenditures: consist of actual and imputed expenditures of households for the purpose of acquirin.

           

Income and Prices

• Base Period:  usually a year, is the reference period of the index number. Itis the period at which the index is set to 100.

• Consumer Price Index (CPI) : measure of the average changes in the prices of a fixed basket of goods and services usually purchased by households for their consumption. 

• Wholesale Price Index (WPI) : measure of the changes in the price level of commodities that flow into the wholesale trade intermediaries. 

• Retail Price Index (RPI) : measure of the changes of the prices at which retailers dispose of their goods to consumers and end-users.

• Family expenditures: refer to the expenses or disbursements made by the family purely for personal consumption during the calendar year1997.  They exclude all expenses in relation to farm or business operation, investment ventures, purchase of real property and other disbursements which do not involve personal consumption. 

• Income from other sources : include imputed rental values of owner-occupied dwelling units, interests, rentals including landowner's share of agricultural products, pensions, support and the value of food and non-food items received as gifts by the family (as well as the imputed value of services rendered free of charge to the family).

• Per capita income : is obtained by dividing the total family income by the total number of family members. 

• Primary income:  includes salaries and wages, commissions, tips, bonuses, family and clothing allowance, transportation and representation allowances, honoraria, and other forms of compensation and net receipts derived from the operation of family-operated enterprises/activities and the practice of a profession or trade.

• Total family income: includes primary income and receipts from other sources received by all family members during the calendar year 1991 as participants in any economic activity or as recipients of transfers, pensions, grants, etc.

Population and Housing

 

Age-Specific Fertility Rate (ASFR): the number of births to women of a given age group per
              1,000 women in that age group. It is calculated by dividing the number of births born
               to women of a particular age group by the female population in that age group
               multiplied by 1,000.

Crude Birth Rate : the number of births per 1,000 population in a given year.

Fertility: the actual reproductive performance of an individual, a couple, a group, or a
               population.

Fertility Rate (General Fertility Rate): the number of births per 1,000 women aged 15-49
              years in a given year.

Total Fertility Rate:  is a fertility index combining age-specific fertility rates. It represents the
             average number of children that would be born to a woman throughout her lifetime
             given that the age-specific fertility rates still prevail at that time. It is computed using
             the formula TFR =5å ASFR  if 5-year age groups are employed or TFR - å ASFR if
             single age group is employed.

Growth Rate : the rate at which a population is increasing (or decreasing) in a given year due
            to natural increase and net migration, expressed as a percentage of the base
            population.

Household : a social unit consisting of a person living alone or a group of persons who sleep
            in the same housing unit and have a common arrangement in the preparation and
            consumption of food.

Life Expectancy: represents the average remaining number of years for a person who
            survives at the beginning of a given age interval. Most commonly cited as life
            expectancy at birth.

Life Expectancy At Birth : the average number of years a person is expected to live from the
            time of his/her birth.

Migration: the movement from one place to another (especially from one country to another)
            usually with intention to settle.

Net Migration Rate : is the difference between in-migration and out-migration rates. It
            represents the difference between the people coming into an area and those going out
           of the area.

Population: total number of individuals in a territory or a locality living at a specified moment
           of time with an agreed definition of residence; all the persons falling within the scope of
           a census or other inquiry.

Population Density: number of persons per unit of land area (square kilometer or square
        mile).

Population Distribution : the patterns of settlement and dispersal of a population.

Population Projections : computation of future changes in population numbers, given certain
           assumptions about future trends in the rates of fertility, mortality, and migration.