  national accounts or national account systems (nas) are the implementation of complete and consistent accounting techniques for measuring the economic activity of a nation. these include detailed underlying measures that rely on double-entry accounting. by design, such accounting makes the totals on both sides of an account equal even though they each measure different characteristics, for example production and the income from it. as a method, the subject is termed national accounting or, more generally, social accounting.nancy d. ruggles, 1987. "social accounting," the new palgrave: a dictionary of economics, v. 4, pp. 377â82. stated otherwise, national accounts as systems may be distinguished from the economic data associated with those systems.united nations, the system of national accounts and national accounts data. while sharing many common principles with business accounting, national accounts are based on economic concepts.joel s. demski, 2008. "accounting and economics," the new palgrave dictionary of economics. abstract. one conceptual construct for representing flows of all economic transactions that take place in an economy is a social accounting matrix with accounts in each respective row-column entry.graham pyatt and jeffery i. round, ed., 1985. social accounting matrices: a basis for planning, world bank. national accounting has developed in tandem with macroeconomics from the 1930s with its relation of aggregate demand to total output through interaction of such broad expenditure categories as consumption and investment.john maynard keynes, 1936. the general theory of employment, interest and money, macmillan. economic data from national accounts are also used for empirical analysis of economic growth and development. ==scope== national accounts broadly present output, expenditure, and income activities of the economic actors (households, corporations, government) in an economy, including their relations with other countries' economies, and their wealth (net worth). they present both flows (measured over a period) and stocks (measured at the end of a period), ensuring that the flows are recon
Economic_data National_accounts Official_statistics