Glossary

The market value of goods and services produced by labor and property supplied by U.S. residents, less the value of the fixed capital used up in production; equal to gross national product (GNP) less consumption of fixed capital (CFC).

Production performed by a businesses or government for its own use.

The principal good or service produced by an industry, which is used to classify establishments in the Standard Industrial Classification System (SIC) or the North American Industry Classification System (NAICS).

See Corporate profits with IVA and CCAdj

Services sold in international markets through the channel of direct investment. From the U.S. viewpoint, it consists of sales of services to foreigners by foreign affiliates of U.S. companies and U.S. purchases of services from other countries' U.S. affiliates. It is one of two channels in the delivery of services in international markets; the other is cross-border trade in services.

Goods or services produced by an industry other than the primary product of that industry.

An internationally recognized foreign trade data classification system. This system, which was developed by the United Nations, provides the commodity aggregates needed for economic analysis and permits international comparisons of foreign trade data.

Consists of Federal excise taxes and customs duties, state and local sales taxes, property taxes (including residential real estate taxes), motor vehicle licenses, severance taxes, and special assessments.

U.S. parent and its foreign affiliates. (Usually defined as the U.S. parent and its majority-owned foreign affiliate).