CONCEPTS AND DEFINITIONS
Eurostat's Concepts and Definitions Database

 

Term
Abnormal obsolescence
Term extension
OECD terminology
Definition
Loss in value on an asset due to a fall in demand for that type of asset that could not have been foreseen when the asset was acquired. Abnormal obsolescence may occur because of a new invention or discovery which destroys the market for the asset or because a shift in relative prices makes it uneconomical to continue using the asset. It is not included in consumption of fixed capital but in "other changes in nonfinancial asset n.e.c." in the "Other changes in assets account". Abnormal obsolescence is a synonym for "unforeseen obsolescence".
Source
Organisation for Economic Co-operation and Development (OECD), "Measuring Capital - OECD Manual: Measurement of Capital Stocks, Consumption of Fixed Capital and Capital Services", Annex 1: Glossary of technical terms used in the Manual, Paris, 2001
Hyperlink
http://ec.europa.eu/eurostat/ramon/statmanuals/files/oecd_measuring_capital_2001_en.pdf
Link(s) to statistical data
- Does not exist!
Statistical theme(s)
  • Economy and Finance
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  • Obsolescence anormale
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