This second edition of Understanding National Accounts gives a comprehensive explanation of how national accounts are compiled. It contains new data and new chapters and is adapted to the new systems of national accounts—SNA 2008 and ESA 2010—that came into effect in September 2014. It approaches national accounts from a truly global perspective, with chapters dedicated to international comparisons, globalization, well-being, and the national account systems used in major OECD economies, such as the United States.
Each chapter of the manual uses practical examples to explain key concepts in a clear and accessible way and concludes with a synthesis of key points followed by resources for further exploring the topic and a set of exercises to test the reader’s knowledge. It is an ideal guide to national accounts for students and other interested readers.