May 2014

GDP - The 2011 Supply Use Table (SUT)

A key framework in national economic accounting is the Supply Use Table (SUT). An SUT presents a comprehensive picture of the structure of the economy of a country for a given year in terms of the supply and use of (demand for) all goods and services (products). It hastwo main purposes. First, it is fundamental to establishing the level of the GDP as a firm basis for up to date annual and quarterly estimates of economic growth. Secondly, it plays akey role in economic analysis in which the effects of policy changes and external shocks can be predicted. Current estimates of nominal GDP and its growth in real terms can and do go off track. It is therefore recommended internationally that a “benchmark” exercise (involving the establishment of a new SUT) should be undertaken at least every five years.

FileDownload Count
PDF icon English (522.8 KB)1295