Concept variable
Gross Domestic Product (GDP)
| Norwegian (bokmål) | |
| Name | Gross Domestic Product (GDP) |
|---|---|
| Definition | GDP is an indicator for total value added in a country, and also an expression for gross income generated from domestic production. GDP is measured in market prices, and is defined and compiled from three different main approaches (see the three sets of definitions below): for the production approach (I), the expenditure approach (II) and the income approach (III). |
| Valid from | |
| Valid to | |
| Owner | 930 - Division for national accounts |
| Comments | The following commen is valid from 1970 to 2006: I) The production approach = Output (basic price) - Intermediate consumption (purchaser price) + Taxes on products - Subsidies on products - Correction for FISIM = Output (producer price) - Intermediate consumption (purchaser price) + Taxes on imports + VAT + Investment levy + Customs duties - Correction for FISIM = Total value added (basic price) + Taxes on products - Subsidies on products - Correction for FISIM = Total value added (producer price) + Taxes on imports + VAT + Investment levy + Customs duties - Correction for FISIM (II) The expenditure approach = Final consumption expenditure + Gross fixed capital formation + Changes in inventories + Exports - Imports = Final uses - Imports = Final domestic uses + Exports - Imports (III) The income approach = Compensation of employees + Operating surplus + Consumption of fixed capital + Taxes on production - Subsidies on production - Correction for FISIM The following comment is valid from 2007: I) The production approach = Output (basic price) - Intermediate consumption (purchaser price) + Taxes on products - Subsidies on products = Output (producer price) - Intermediate consumption (purchaser price) + Taxes on imports + VAT + Customs duties = Total value added (basic price) + Taxes on products - Subsidies on products = Total value added (producer price) + Taxes on imports + VAT + Customs duties (II) The expenditure approach = Final consumption expenditure + Gross fixed capital formation + Changes in inventories + Exports - Imports = Final uses - Imports = Final domestic uses + Exports - Imports (III) The income approach = Compensation of employees + Operating surplus + Consumption of fixed capital + Taxes on production - Subsidies on production |
| Statistical unit | Establishment |
| Subject | 09.01 - National accounts |
| Linked to StatBank tables | |