| Definition |
Value of goods and services from domestic production activities, i.e. from market production, production for own final use, and non-market production in general government and in NPISHs. Output of goods and services is not the same as sale of goods and services. Output is published in basic prices, i.e. subsidies on products are included, but not VAT or other taxes on products (see basic value). In general government and other non-market production, output is estimated as total of compensation of employees, net taxes on production, consumption of fixed capital and intermediate consumption. |
