 RIWIS Online - About the Data - Definitions and Additional Information | |||
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Gross Domestic Product | |
| Definition: GDP is defined as the total value of all goods and services produced within a territory during one year. Gross domestic product at current prices is the sum of the gross values added of all resident producers at market prices, plus taxes less subsidies on imports. "The gross domestic product (GDP) is a measure of the economic performance of a national economy over a given period. It indicates the value of the goods and services produced in the economic territory (value added) unless they are used as intermediate consumption for the production of other goods and services. The GDP is calculated at current prices. What is shown at constant prices is the real development of economic activity over time, free from any price influence. The rate of GDP change at constant prices serves as a measure of economic growth in a national economy. Hence, the GDP is the most important aggregate of national accounts and it is one of the indicators of the dissemination standard of the International Monetary Fund (IMF). http://www.destatis.de/presse/englisch/abisz/bip.htm Revision 2014The main purpose of the 2014 major revision of national accounts is to implement the new “European System of National and Regional Accounts” (ESA 2010), which replaces the ESA 1995 version currently applied in the EU countries. The ESA 2010 itself is based on the worldwide “System of National Accounts” (SNA 2008). The implementation of ESA 2010 into the German national accounting system means a lof of conceptual changes. A list of 44 conceptual changes and 29 clarifications provided the basis for the update of the SNA; for the update of the ESA, some additional issues specific for Europe were also included in the list of changes. Most important in quantitative terms is that expenditure on research and development and on military weapons is now treated as capital formation. Most of the conceptual changes are described in the Eurostat-document “Manual on the Changes between ESA 95 and ESA 2010”. In Germany, the 2014 major revision involves a thorough revision of the entire national accounting system, as is always the case in major revisions. The Federal Statistical Office has therefore recalculated all national accounts aggregates in full detail back to 1991. Thus, methodologically consistent long time series are available to data users also after the changeover. The 2014 major revision is also used again to integrate new data sources. Data to be mentioned here are in particular the results of the 2011 Census, which are used in national accounts especially for employment accounts and for the calculation of the occupation of dwellings (production, value added and household final consumption expenditure).For further details in German please go to: http://www.vgrdl.de or https://www.destatis.de/EN/Service/FAQ/NationalAccounts/Revision2014/Changes.html
Revision 2011for further details in German please go to: http://www.vgrdl.de/arbeitskreis_VGr/infoRevision2011.asp The biggest change in the data of Revision 2011 ist that of the classification of economic activity (=Wirtschaftszweig =WZ). With each review of the classification former groups can't be compared to current groupings, therefore older data is not comparable to the new data. Revision 2005Major revisions of national accounting results are performed at intervals of about five to ten years. Such comprehensive revisions are required to
For further Details please go to: http://www.destatis.de/themen/e/thm_volksw.htm Calculations and definitions follow the European System of Accounts, ESA 1995 Revision 2005. Data: Source: Statistische Landesämter, Arbeitskreis Volkswirtschaftliche Gesamtrechnungen National Accounts |