Statistics glossary

See Gross Domestic Product

Acronym for Gross Domestic Product at market prices.

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institutional agents that are non-market producers and financed by compulsory payments, such as taxes, made by entities belonging to other sectors. It also includes all institutional units principally engaged in the redistribution of national income and wealth, such as social security institutions. However, entities which are controlled by governments may still be classified in the non-financial corporations sector or the financial sector. Here, the “market producer” criterion applies. The general government sector includes non-market public institutional units only.

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See General Government

See Gross national product

An accounting unit used in customs valuations and, consequently, in Spain’s external statistics, between 1922 and 1959. Its purpose was to obtain a more realistic valuation of foreign transactions.

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Value of the total production of goods and services in the economy, excluding intermediate consumption and including net taxes on production and imports.

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Value of the final goods and services produced by the production factors of an economic territory within a period of time, regardless of whether these factors are inside or outside that territory.

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Surplus generated by operating activities after compensating the labour factor.

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Surplus (or deficit) resulting from deducting from the value of production activities the uses for intermediate consumption, employee compensation, and taxes less subsidies on production, and before considering both income and payments for rents arising from lending and leasing operations as well as those generated by the ownership of financial and non-produced assets.

Gross value added is the difference between production and intermediate consumption.

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