Definition: Törnqvist volume index

SNA 1993

A Törnqvist volume index is a weighted geometric average of the quantity relatives using arithmetic averages of the value shares in the two periods as weights.

Source:
United Nations, "System of National Accounts (SNA) 1993", United Nations, New York, 1993, § 16.27

Created:
2005-02-02

Updated:
2019-05-10