base year


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base year

[′bās ‚yir]
(statistics)
References in periodicals archive ?
Summary: New Delhi [India], August 4 (ANI): The Centre on Friday announced the revision of the base year to calculate the All-India Wholesale Price Index (WPI) from 2004-05 to 2011-12, as part of an exercise to capture structural changes in the economy and to improve the quality, coverage and representativeness of the indices.
The base year is 1990 for carbon dioxide, methane and nitrous oxide, and 1995 for the fluorinated gases.
New series data with 2011- 12 as base year kicks in
The main types of GHG targets are set with respect to a base year scenario in the past, a baseline scenario in the future, or a base (historical) year emissions intensity objective (generally with the goal of reaching a lower Emissions to GDP ratio).
7 per cent estimated earlier, after the government updated the base year for measuring national accounts.
0m that it received previously, the base year of both its BFT-1 sustainment contract and BFT-1 intellectual property license contract has now been fully funded at the USD23.
The base year tells economists what the size and the structure of the economy was at a given moment, and the new data for the latest year are compared to the previous year, and on back to the base year to give figures for GDP growth (or GDP shrinkage, if you are unlucky enough to be in recession).
Accordingly, 2012 will now become the base year for all statistical comparisons going forwards, whereas the year 2000 was the previously approved base year.
We believe there is no major change in the trend" in the movement of the indexes due to the base year revision, an official of the ministry said.
Iran is planning to change the base year used to compute its inflation rate.
In the new base year 2005-06 the share of agriculture in the GDP went up from 19 to 23 percent while for mining, manufacturing, construction and energy, gas and water supply the rebasing resulted in a lower share in the economy going down from 25 to 21 percent.
Japan has been plagued with a deflationary trend for years and the results came after the government changed the data's base year to 2010 from 2005, which was expected to put a downward bias on the data.