Gross Domestic

Product
National Income Accounts

What

is GDP ?
How countries measure GDP?
Is GDP an effective macroeconomic
indicator?

Learnings

GDP

is the value of all final goods and

services produced in an economy in one
year.

Definition

National product by definition is a

measure in monetary terms of the volume
of all goods and services produced by an
economy during a given period of time,
accounted without duplication.

National Product

Value

added method
Expenditure method
Income method

Measuring GDP

GDP

at market prices
GDP at factor cost

GDP

Nominal

GDP
Real GDP

Real and nominal GDP

Countr
y

Agriculture

Industry

2000 2014

2000

(as % of GDP)
Manufactu
ring
Services

2014 2000 2014

2000 2014

Brazil

27

24

15

12

68

71

China

15

45

43

32

30

40

48

India
Indonesi
a

23

17

26

30

15

16

51

53

16

13

46

42

28

21

38

42

japan

31

27

21

19

67

72

US

23

21

76

78

16
12
Source : WDI
(2016)

Country

GDP (Blln $)

Growth rate (2015) GNI (per capita)

Brazil

2,417.00

-3.8

15,020

China

10,351.10

6.9

14,160

India

2,042.40

7.6

6020

japan

4,596.20

0.5

38,870

17,348.10

2.4

56,430

US

Source : WDI (2016)