Imputation

Definition

Imputation. Estimation of the dollar value of a nonmonetary or nonmarket transaction.

In the calculation of the I-O accounts, a number of items are assigned imputed values. These imputations recognize specific nonmarket transactions, which if ignored, would result in erroneous accounting of the nation's economic activities. The largest imputations are for the rental value of owner-occupied housing and for services provided without charge by financial intermediaries.