Consolidated Accounts and Income and Outlay Accounts
The Consolidated Accounts present a summary of transactions and relationships among the various flows of the economy at current prices. Included are four accounts of the nation, which dwell on production, consumption, income, capital accumulation, and economic transactions with the rest of the world, namely:
- Account I: Gross Domestic Product and Expenditure
- Account II: National Disposable Income and Its Appropriation
- Account III: Gross Accumulation
- Account IV: External Transactions
The Income and Outlay Accounts are compiled for the four institutional sectors, namely, non-financial corporations, financial corporations, general government, and households including non-profit institutions serving households. The accounts show the total income and total income use and are linked with the Production and Expenditure Accounts in the Philippine System of National Accounts.