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- Gross domestic product at market prices
Gross domestic product at market prices
Definition
An aggregate representing the final result of the production activity of resident production units.
It can be defined in three ways :
- the GDP is equal to the sum of the gross added values of the various institutional sectors or of the various branches of activity plus taxes and minus the subsidies on products (which are not attributed to the sectors and branches of activity) ;
- the GDP is equal to the sum of the final domestic uses of goods and services (final effective consumption, gross fixed capital formation, variations in stocks) plus exports and minus imports ;
- the GDP is equal to the sum of uses in the operating accounts of the institutional sectors: payment of salaries, taxes on production and imports minus subsidies, gross operating margin and mixed income.
