Contribution to volume growth of GDP; National Accounts, 2016-2018
| Periods | Gross domestic product, volume growth (%) |
|---|---|
| 2018* | 2.6 |
| Source: CBS. | |
Table explanation
This table presents economic growth data (percentage volume changes of gross domestic product) and the contributions to economic growth by expenditure components.
Gross domestic product can be calculated as the sum of final consumptions, gross capital formation and net exports. This expenditure approach allows to estimate the contribution of the various components of final expenditure to the volume change of GDP. For estimating the contribution, final expenditure components have to be adjusted for the incorporated imports. The adjusted final expenditure components sum up to GDP and are the bases of the calculation of the contribution of GDP growth. The attribution of imports to final expenditure components is performed using input-output analysis.
Contributions of final expenditure to GDP are provided in percentage points of GDP growth.
Data available from 2016 to 2018.
Status of the figures:
Data of 2016 and 2017 are final. Data of 2018 are provisional. Due to the discontinuation, the provisional figures will not become definite.
Changes as of November 25th 2020:
None. This table has been discontinued.
When will new figures be published?
Not applicable. This table has been dicontinued.
Description topics
- Gross domestic product, volume growth
- Gross domestic product (GDP) is a quantity that expresses the size of an economy. The volume change of GDP during a reference period expresses the growth or shrinkage of the economy. Gross domestic product at market prices is the final result of the production activity of resident producer units. It can be defined in three ways:
- production approach: GDP is the sum of gross value added of the various institutional sectors or the various industries plus taxes and less subsidies on products (which are not allocated to sectors and industries). It is also the balancing item in the total economy production account;
- expenditure approach: GDP is the sum of final uses of goods and services by resident institutional units (final consumption and gross capital formation), plus exports and minus imports of goods and services;
- income approach: GDP is the sum of uses in the total economy generation of income account (compensation of employees, taxes on production and imports less subsidies, gross operating surplus and mixed income of the total economy).
Net domestic product at market prices (NDP) can be obtained by deducting consumption of fixed capital from GDP.