Supply, Use and Input-Output tables — Overview
What are supply and use tables?
Supply and use tables (SUT) are matrices by product and industry demonstrating how the domestic production and import of goods and services is used for intermediate consumption and final use (consumption, gross capital formation and export).
The use table provides also information about value added components (compensation of employees, other net taxes on production, consumption of fixed capital, net operating surplus).
What are input-output tables?
Input-output tables (IOT) are product-by-product or industry-by-industry matrices combining both supply and use into a single table with identical classification of products or industries, applied to both rows and columns. These are analytical tables derived from supply and use tables. Input-output modelling helps for economic impact analysis and can answer questions such as:
- What happens to job growth when income taxes are increased on businesses?
- How much does industry output react when the price of gasoline increases?
What can I learn from these tables?
Supply and use tables together with input-output tables create a thorough basis for different economic analyses. These tables provide detailed information for a given year on production activities, the supply and demand of goods and services, intermediate consumption, primary inputs and foreign trade.
Among other things you will find:
- The structure of the costs of production and the value added, which is generated in the production process;
- The inter-dependencies of industries;
- The flows of goods and services produced within the national economy;
- The flows of goods and services with the rest of the world.
Supply, use and input-output tables distinguish 64 products and 64 industries.
This 'Eurona' edition contains an article on the employment content of EU exports, based on the FIGARO tables.
What is the impact of a 1 million DKK "shock" to Danish final use on production, input and employment in Denmark? These new data answers such question and many others.
Read the newly published statistical working paper “EU inter-country supply, use and input-output table (FIGARO)”, also called FIGARO book, describing the whole process of compiling the FIGARO tables.
Have a look at this infographic (in PDF format) which will help you to better understand the different aspects of these tables and how they connected.