The National Accounts Division (NAD) of the National Statistic Office(NSO) is responsible for preparation of national accounts, which include the estimates of Gross Domestic Product (GDP), National Income, Government/Private Final Consumption Expenditure, Capital Formation and Saving along with details of transactions of institutional sectors. NAD annually brings out a publication titled “National Accounts Statistics”, containing these statistics.
The new series on National Accounts Statistics (NAS) was introduced on January 30, 2015 with base year 2011-12 in place of previous series with base year 2004-05. National Income is measured in three ways i.e Prduction Method, Income Method, Expenditure Method. Net National Product (NNP) at factor cost is called Natinal Income.
NNP at factor cost = GNP at factor cost-depreciation.