GDP growth in the euro area
This table shows gross domestic product (GDP) growth at market prices, which is the final result of the production activity of resident producer units.
It can be defined in three ways:
a) GDP is the sum of gross value added by the various institutional sectors or industries of the economy plus taxes and less subsidies on products (which are not allocated to separate sectors and industries). It is also the balancing item in the total economy production account.
b) GDP is the sum of final uses of goods and services by resident institutional units (final consumption expenditure and gross capital formation), plus exports and minus imports of goods and services.
c) 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).
GDP, gross domestic product.
gross domestic product, GDP, output growth.