System of National Accounts

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The System of National Accounts (often abbreviated as SNA; formerly the United Nations System of National Accounts or UNSNA) is an international standard system of national accounts, the first international standard being published in 1953.^[1] Handbooks have been released for the 1968 revision, the 1993 revision, and the 2008 revision.^[2] The System of National Accounts, in its various released versions, frequently with significant local adaptations, has been adopted by many nations. It continues to evolve and is maintained by the United Nations, the International Monetary Fund, the World Bank, the Organisation for Economic Co-operation and Development, and Eurostat.

The aim of SNA is to provide an integrated, complete system of accounts for economic analysis, decision taking and policymaking. As individual countries use SNA as a guide in constructing their own national accounting systems, it result in higher international comparability. However, adherence to an international standard is entirely voluntary, and cannot be rigidly enforced. Eurostat publish an adaptation of the SNA for the European economy called the European system of accounts, that system is a European treaty and legally binding for EU member states. The National Income and product accounts used in the US differ significantly from the SNA in presentation, but since 1993 the bureau of economic analysis makes effort to increased consistency between concept with SNA guideline. the difference in presentation is not a major problem, as the system provide sufficient data to be reworked according to the SNA standard.