17.13.1 Annual GDP growth

17.13.1 Annual GDP growth

17.13.1 Macroeconomic Dashboard

17.13 Enhance global macroeconomic stability, including through policy coordination and policy coherence

Goal 17. Strengthen the means of implementation and revitalize the Global Partnership for Sustainable Development

GDP is the sum of gross value added by all resident producers in the economy plus any product taxes and minus any subsidies not included in the value of the products.

Gross Domestic Product (GDP) is a measure of a country's economic activity and its production capacity to meet the needs of various forms of consumption.
From the production perspective (the so-called production approach or calculation method), GDP represents the sum of gross value added generated by all economic entities, or, in the terminology of national accounts, institutional units, within one year (the accounting period).
From an accounting perspective (in a simplified manner), GDP, as the sum of value added, is the difference between the total value of production (output) and intermediate consumption, which includes the costs of materials as well as the costs of productive and non-productive services (excluding employee compensation costs and depreciation expenses).

In accounting terms, GDP can be seen as a country's "operating surplus" before deducting personnel costs and depreciation expenses.

Gross Domestic Product (GDP) is calculated as the sum of gross value added of all activities, increased by taxes on products and decreased by subsidies on products. The gross value added of each activity is calculated as the difference between output (value of production) at basic prices and intermediate consumption at purchaser's (acquisition) prices. Gross value added is calculated separately for each institutional sector due to the different methods of calculating production value - output.

%

Republic of Serbia

Statistical Office of the Republic of Serbia

Annual

C171301

https://unstats.un.org/sdgs/metadata/files/Metadata-17-13-01.pdf