Precision of Estimates of Gross Value Added Per Worker

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Services GDP: Issues in Estimation

G C Manna

Vol. 42, Issue No. 37, 15 Sep, 2007

Precision of Estimates of Gross Value Added Per Worker

Vol. 42, Issue No. 37, 15 Sep, 2007

Services GDP: Issues in Estimation

G C Manna

Gross value added per worker (GVAPW) in any sector of the economy is an important parameter used in national accounts statistics since its product with the population of the workforce is used to estimate GDP originating in the sector. The author describes the method used for estimating GVAPW in the services sector in the 57th round of the National Sample Survey, and discusses the sampling error of the estimates as well as the probable reasons for large possible error in some sub-sectors.

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