Contribution to volume growth of GDP; National Accounts, 2016-2018
| Periods | National final expenditure Total (percentage points) | National final expenditure Gross capital formation (percentage points) |
|---|---|---|
| 2018* | 1.4 | 0.4 |
| Source: CBS. | ||
Table explanation
This table presents economic growth data (percentage volume changes of gross domestic product) and the contributions to economic growth by expenditure components.
Gross domestic product can be calculated as the sum of final consumptions, gross capital formation and net exports. This expenditure approach allows to estimate the contribution of the various components of final expenditure to the volume change of GDP. For estimating the contribution, final expenditure components have to be adjusted for the incorporated imports. The adjusted final expenditure components sum up to GDP and are the bases of the calculation of the contribution of GDP growth. The attribution of imports to final expenditure components is performed using input-output analysis.
Contributions of final expenditure to GDP are provided in percentage points of GDP growth.
Data available from 2016 to 2018.
Status of the figures:
Data of 2016 and 2017 are final. Data of 2018 are provisional. Due to the discontinuation, the provisional figures will not become definite.
Changes as of November 25th 2020:
None. This table has been discontinued.
When will new figures be published?
Not applicable. This table has been dicontinued.
Description topics
- National final expenditure
- The sum of the consumption of households and the government, gross fixed capital formation and changes in inventories.
- Total
- Gross capital formation
- Gross capital formation consists of:
a) Expenditure on produced assets that are used in a production process for more than one year. This may concern a building, dwelling, transport equipment or a machine. This in contrast with goods and services which are used up during the production process, the so-called intermediate use (e.g. iron ore). Fixed capital does lose value over time as a result of normal wear and tear and obsolescence. This is called consumption of fixed capital (also called depreciation). The value of fixed capital formation in which the consumption of fixed capital is not deducted is called gross fixed capital formation. Deduction of the consumption of fixed capital results in net fixed capital formation.
b) changes in inventories.
c) acquisitions less disposals of valuables.