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Topic 3/123
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Agriculture (5)
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Reference area 3/23
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Euro Area (17 Countries) (14)
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European Union (27 Countries) (25)
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European Union (28 Countries) (36)
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Phasellus luctus (786)
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Description
Gross Domestic Product (GDP). Me standard measure of the val. of final goods and sennces produced by a country during a per. GDP is the most common used indicator to compare economic performance across countries or relatively to other data It combines in a single figure all the production (also called output) cam. out by all the firms Me non-prfit institutions, govemment bodies a. households in a given country during a given period, regardless the type of goods and serviceses produced, provided that the production takes place in the country's economic territory. Though it is a good indicator to capture production, it is not a good measure of societies' well-being. This data presents the three approaches of the GDP experdture based, output based and income basedUnit of measure used:
Australien Dollar, MillionsIn national currency, in current prices and constant prices (national base year, previous year Prices and OECD base year i.e. 2010). For comparative purposes In US$ current prices and constant prices, using exchange rate and for the GDP by expenditures (in absence of specific PPP series) GDP PPPs for all series except actual individual consumption where a specific PPP is used. Expressed in millions and in indices. For the Euro area countries, the data national currency for all years are calculated using the fixed conversion rates against the euro.