Measuring the non-observed economy

The Handbook was put together by a team drawn from national and international statistical organisations.

Complete coverage of economic production is a vital aspect of the quality of the national accounts. This exhaustiveness is hard to achieve because of the difficulties in accounting for certain types of productive activities. Activities that are missing from the basic data used to compile the national accounts because they are underground, illegal, informal, household production for own final use, or due to deficiencies in the basic data collection system are referred to as non-observed. They are said to  comprise the non-observed economy (NOE), and including them in the national accounts is referred to as measurement of the NOE.

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Description

Given the wide range of possible approaches to NOE measurement, there is a need to identify and promote international best practice. This is the aim of the Handbook. It presents a systematic strategy for achieving exhaustive estimates of gross domestic product that is consistent with international standards and, in particular, with the 1993 System of National Accounts.