GDP Basics
This is the total market value of all final goods and services produced within a country during a year.
GDP
This method sums C + I + G + Xn to calculate GDP.
Expenditure (cost) method
This index is used when calculating the GDP deflator and accounts for changes in production structure.
Paasche index (variable content index)
This indicator divides GDP by total population
GDP per capita
This indicator measures the share of the labor force without work.
Unemployment rate
GDP differs from GNI by adding this and subtracting profits of foreign agents operating domestically.
Profits/income earned abroad
In the production method, GDP equals the sum of these values at each stage — not the total sale price.
Added (value-added) values at each stage
The Consumer Price Index uses this type of composition when calculating.
Constant (fixed) composition — Laspeyres index
This income measure is what households have left after taxes to spend or save.
Disposable income
This trade indicator equals total exports plus total imports combined.
Foreign trade turnover
This is the name for GDP adjusted for inflation, holding prices constant year to year.
Real GDP
In the income method, this letter represents wages paid to employees in private companies.
W (wages/salaries)
This index is the square root of the product of the Laspeyres and Paasche indices.
Fisher index (Pf = √Pl × Pp)
This index measures changes in prices paid by consumers for a basket of goods and services.
Consumer Price Index (CPI)
When a country sells goods and services abroad, this trade indicator increases.
Export
When nominal GDP is divided by this index, the result is Real GDP.
GDP Deflator
This component of the expenditure method equals total exports minus total
Xn (net exports)
The Laspeyres index takes into account prices of these two types of goods.
Domestic and imported goods
GDP growth without improvement in living standards may signal this problem.
High income inequality / non-inclusive growth
Key indicators of this sector include the central bank account rate, inflation rate, and money supply.
Money/credit sector
In Uzbekistan, GDP by the value-added method in 2019 reached this figure in billion soums.
511,838.1 billion soums
Coal adds 5, iron ore adds 7, subsequent stages add 3+2+1. What is total GDP by value-added method?
18 (5+7+3+2+1 = 18)
This is the name for the ratio that converts Nominal GDP into Real GDP.
GDP Deflator
Beyond GDP, these two indicators should be checked to assess whether growth benefits most people.
GDP per capita + Gini coefficient (also: unemployment rate, inflation rate)
If population grows faster than GDP, this per-person measure declines.
GDP per capita