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What are uses of national income statistics?

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What are uses of national income statistics?

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Uses of National Income Statistics.

  • To show the average standard of living of people in that country.
  • To determine the country‘s economic development.
  • To get the country‘s net worth / its actual income.
  • To know the contribution of various sectors of the economy to the national growth.
  • The use as a tool and basis of economic planning.
  • To show to the prospective investors, foreign or local.
  • To use for comparison with other countries.
  • To show how the national wealth is distributed among its citizens.
  • To compare performance in different periods. 

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