Statistics Glossary

Statistics Glossary Statistics Glossary

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General government 
A sector of the economy defined in the European System of Accounts 1995 (ESA 95) as comprising the central government, regional governments, local governments and social security funds. Excluded are government-owned entities that conduct commercial operations, such as public enterprises.
Government debt  
The debt issued by state or regional governments.
Gross domestic product (GDP) 
The value of an economy's total output of goods and services, less intermediate consumption, plus net taxes on products and imports. GDP can be broken down by product, expenditure or income components. The main expenditure aggregates that make up GDP are household final consumption, government final consumption, gross fixed capital formation, changes in inventories, and imports and exports of goods and services.
Gross operating surplus 
The surplus (or deficit) generated by production activities after deducting the labour factor input, the remuneration of employees and taxes minus production grants, and before considering income and expenditure for income originated by loan and rental operations, and income generated by ownership of financial assets and non-produced assets.