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EN
An overall assessment of economic development of the country is to be based not only on the gross domestic product, which is considered as the most important indicator, but on the comprehensive system of indicators which show different aspects of an economic life. These indicators are contained in the system of the national accounts. The article explains and analyses the national income which takes into account net outflow of the primary incomes from the country, net domestic product (GDP less consumption of fixed capital) and the indicators of real income which are influenced by the changes in the terms of trade. The indicators of final consumption, disposable income and savings of households are taken as proxy for the characteristics of welfare. The development of the Czech economy in the period 1995-2005 can be assessed differently by using the different indicators. The formation of an economic policy needs integrated picture based also on the alternative indicators.
EN
The paper deals with the economic development of both the Czech and Slovak Republics between the years 1970 and 1989. It focuses on the description of economy from nowadays perspective by the commonly used gross domestic product. The estimates were prepared by experts from the Department of Economic Statistics of the University of Economics in Prague. The paper describes the main conceptual differences between the previously used System of Material Product and the currently used System of National Accounts. The most important difference was in the coverage of economic activities that were considered productive for the value added estimation. The paper shows the comparison of previously published figures for Czechoslovakia with figures newly estimated for the Czech Republic and Slovakia. The key data sources consist of officially published figures on global product, national income and symmetric input-output tables.
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