COUNTRY LIST EXPANDED
The 2022/2021 International Product now includes data for 4 new countries:
- Angola (AGO)
- Democratic Republic of the Congo (COD)
- Saõ Tomé and Príncipe (STP)
- United Arab Emirates (UAE)
The 2022/2021 International Product now covers 80 countries and a Global Remainder region.
FIVE NEW INDUSTRIES
The 2022/2021 International Product has 5 new industries, for a total of 50 functional industries and 1 holding sector for the Taxes on Products Net of Subsidies (TOPS) account (51).
- A01_02: Agriculture, hunting, forestry has been split into
- A01: Agriculture and hunting
- A02: Forestry and logging
- B05_06: Mining and quarrying, energy producing products has been split into
- B05: Mining of coal and lignite
- B06: Extraction of crude petroleum and natural gas
- B07_08: Mining and quarrying, non-energy producing products has been split into
- B07: Mining of metal ores
- B08: Other mining and quarrying
- C24: Basic metals has been split into
- C24A: Manufacture of basic iron and steel
- C24B: Manufacture of basic precious and other non-ferrous metals
- C30: Other transport equipment has been split into
- C301: Building of ships and boats
- C302T309: Manufacture of other transport equipment
RENEWED AVAILABILITY OF RAW DATA FOR THE COMPONENTS OF VALUE ADDED
The 2022/2021 International Product includes new data available from the OECD on the components of Value Added: (Employee Compensation (EC), Gross Operating Surplus (GOS), and Other Taxes on Production Net of Subsidies (OTXS)). Previously, raw data was only available for Total Value Added and Employee Compensation, necessitating the estimation of GOS and OTXS.
IMPROVEMENTS TO THE TAX IMPACT REPORT AND ITS RECORDING OF TAXES ON PRODUCTS
The tax impact report will now have more detailed and accurate labeling for the transfer of Taxes on Products Net of Subsidies (TOPS).
Prior to Data Years 2022/2021, all TOPS were reported as part of transfers from the Other Taxes on Production less Subsidies institution, of transfer type Indirect Business Tax: Other Taxes.
Starting in Data Years 2022/2021, all taxes on products are reported as part of transfers from the Taxes on Products Net of Subsidies institution, of transfer type- TOPS: Taxes on Products. This improvement allows for the separation of taxes paid by industries for engaging in production (e.g. these are taxes paid regardless of production and sales and include things like property taxes, government licenses, etc.) and taxes paid on Intermediate Input purchases and Final Demand purchases by industries and final consumers alike (e.g. these are taxes paid when a product is produced or sold and include things like Value Added taxes (VAT), sales taxes, and import duties, etc.).
REFINEMENT OF DPABR AND PCE ACCOUNTING
We have updated our treatment of Direct Purchases Abroad by Residents (DPABR) to better align with Personal Consumption Expenditure (PCE) standards. Previously, DPABR was accounted for as an offset within the imports category. By reclassifying these expenditures directly under PCE, we now provide a more precise representation of both total imports and consumer spending. While this adjustment is GDP-neutral, it allows for a more accurate capture of induced effects in our impact modeling.
NO LONGER USING ILO-LFS DATA FOR ESTIMATING EMPLOYMENT FOR COUNTRIES NOT COVERED BY THE OECD TiM DATASET
For countries where OECD Trade in Employment (TiM) data is unavailable, we utilize the International Labour Organization’s Modelled and Projected Estimates (ILO-EST) as our primary employment controls. Because ILO-EST data provides less sectoral granularity than OECD Input-Output data, we apply ratios from secondary data sources to disaggregate employment figures into the required sectors.
There is a key change for Data Years 2021/2022. Previously, these splits were informed by a combination of ILO Labour Force Survey (LFS) data and OECD Employee Compensation (EC) data. However, to ensure global consistency and to account for the intermittent availability of LFS data across certain regions and years, we have transitioned to using OECD EC splits exclusively for all countries relying on ILO-EST controls. This change ensures a more uniform and reliable methodology for deriving detailed employment estimates.
For a deeper dive into these sources, please refer to our International Data Sources and Methods documentation.
RELATED ARTICLES
Components of Value Added and the TOPS Account
International Data Sources and Methods
The Global Remainder and Global Economic Impact Studies
Written May 14, 2026