Download GDP STRUCTURES AND MEASUREMENT

GDP STRUCTURES AND
MEASUREMENT
ERAZMUS 2013-2014
METHODS FOR CALCULATING GDP
Σ(Ri-MSi)
= Σ (Wj + Pj + Rj)
value added
=
incomes
= C + I + G + (E- IM)
=
final demand
with:
Ri, Msi – sales and material costs of productive unit i,
Wj, Pj, Rj – salaries, profits and rents of people engaged in production,
C – personal consumption, I - investments, G – government consumption,
E – exports and IM - imports
GDP STRUCTURES
PRODUCTION
Value added
Industrial Sectors
(A-F)
Services
(G-O)
GDP, factor prices
+ indirect taxes
- subsidies
GDP, market prices
- incomes
GNP, market prices
- capital depletion
NNP, market prices
INCOMES
Salaries
Dividends
Retained Profits
Depreciation
GDP, factor prices
+ indirect taxes
- subsidies
GDP, market prices
incomes
GNP market, prices
FINAL DEMAND
Private Consumption
Gross Investments
Government cons.
Exports
- Imports
GDP, market prices
THE GDP STRUCTURES IN 2009
GDP (bill. €)
VALUE ADDED (% of GDP)
Agriculture
Industry
Services
INCOMES (% of GDP)
Wages
Gross profits
Indirect taxes
FINAL DEMAND (% of GDP)
Private consumption
Government consumption
Investments
Exports
Imports
EMU
EU27
Slovenia
8963
11790
1.6
20.7
77.7
1.7
20.6
77.4
2.1
22.4
75.5
49.4
39.3
11.2
50.0
38.6
11.4
53.1
35.0
12.0
57.7
22.1
18.9
36.3
-35.0
58.4
22.4
18.2
36.5
-35.6
55.4
20.3
23.0
58.1
-56.8
35.1
SEEcountries
109.1
10.72008
26.2
62.1
85.22008
18.8
29.1
23.1
-57.1
GDP MEASUREMENT PROBLEMS
Slovenia 1987-1993
1987
1988
1989
1990
1991
GDP billions
Din, Sit
0.905
2.709
34.94
196.1
349.6
Retail sale prices
Producers prices
2.4
2.4
7.1
6.6
100
100
649
490
1412
1099
GDP in 1989 prices
37.7
41.1
38.1
41.0
34.9
34.9
30.1
40.0
US$/DinSIT
0.074
0.252
2.89
GDP v mil. US$
12280
10739
population 000
1989
GDP/ cap. US$
6172
1992
995.1
1993
1310
4351
3544
5777
4328
24.7
31.8
22.8
28.1
22.9
30.9
11.32
27.57
81.30
115.
12112
17326
12678
12240 11141
2000
1999
1998
2001
1996
1994
5369
6068
8671
6334
6133
5722