29 Jun '12, 6am

Implications of rebasing and revising our national accounts - by Ong Kian Ming (TMI)

— Ong Kian Ming The Malaysian Insider Jun 27, 2012 JUNE 27 — Something interested happened to our national economy in May 2012. Our per capita Gross National Income (GNI) increased from RM29,094 to RM29,661. Our GDP increased from RM853 billion to RM881 billion and our GNI increased from RM831 billion to RM859 billion. And all of these are nominal figures for the year ending 2011. Did we suddenly grow richer without actually realising it? Did we discover some hidden loose change in the deep recesses of the nation’s glove compartment or underneath the car seat? Sadly, we’re not going to find an extra RM567 in our bank accounts, BR1M notwithstanding. These revisions occurred as part of a larger “rebasing” of our national accounts, a regular exercise undertaken by the Department of Statistics, due to improvements in data collection methods and conceptual innovations in the wa...

Full article: http://blog.limkitsiang.com/2012/06/29/implications-of-re...

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Implications of rebasing and revising our natio...

blog.limkitsiang.com 29 Jun '12, 6am

— Ong Kian Ming The Malaysian Insider Jun 27, 2012 JUNE 27 — Something interested happened to our national economy in May ...