Products are all goods and services that are created within the production boundary. The latter is defined in paragraph 3.07.
3.02 . The following main categories of transactions in products are distinguished in the ESA:
goods and services
goods and services
3.03. Transactions in products are recorded in the following accounts:
a) in the goods and services account, output and imports are recorded as resources and the other transactions in products are registered as uses;
b) in the production account, output is recorded as a resource and intermediate consumption is recorded as a use;
c) in the use of disposable income account, final consumption expenditure is recorded as a use;
d) in the use of adjusted disposable income account, actual final consumption is recorded as a use;
e) in the capital account, gross capital formation is registered as a use (a change in assets);
f) in the external account of goods and services, imports of goods and services are recorded as a resource, while exports of goods and services are registered as uses.
3.04 . In the supply table, output and imports are recorded as supplies. In the use table, intermediate consumption, gross capital formation, final consumption expenditure and exports are registered as uses. In the symmetric input-output table, output and imports are recorded as supplies and the other transactions in products as uses.
3.05 . Supplies of products are valued at basic prices (see paragraph 3.48.). Uses of products are valued at purchasers prices (see paragraph 3.06.). For some types of supplies and uses, more specific valuation principles are used, e.g. for imports and exports of goods.
3.06 . Definition:
At the time of purchase, the purchasers price is the price the purchaser actually pays for the products; including any taxes less subsidies on the products (but excluding deductible taxes like VAT on the products); including any transport charges paid separately by the purchaser to take delivery at the required time and place; after deductions for any discounts for bulk or off-peak-purchases from standard prices or charges; excluding interest or services charges added under credit arrangements; excluding any extra charges incurred as a result of failing to pay within the period stated at the time the purchases were made.
If the time of use does not coincide with the time of purchase, adjustments should be made in such a way to take account of the changes in price due to the lapsing of time (in a manner symmetrical with changes in the prices of the inventories). Such modifications are especially important if the prices of the products involved change drastically within a year.