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GROSS DOMESTIC PRODUCT (GDP)

Statistics Directorate    
French Equivalent: Produit intérieur brut (PIB)

Definition:
Gross domestic product is an aggregate measure of production equal to the sum of the gross values added of all resident institutional units engaged in production (plus any taxes, and minus any subsidies, on products not included in the value of their outputs). The sum of the final uses of goods and services (all uses except intermediate consumption) measured in purchasers' prices, less the value of imports of goods and services, or the sum of primary incomes distributed by resident producer units.

Source Publication:
SNA 1.128 and 2.173-2.174.

Hyperlink:
http://esa.un.org/unsd/sna1993/introduction.asp

Statistical Theme: National accounts

Created on Tuesday, September 25, 2001

Last updated on Monday, July 01, 2002