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Gross Domestic Product (Base 2010). Demand

Gross Domestic Product (Base 2010). Demand. Seasonally adjusted data Catalonia. 2nd quarter 2019
Value at current prices (€M) Quarter-on-quarter variation in volume (%) Year-over-year variation in volume (%)
GDP 62,175 0.5 2.0
Domestic demand 54,754 0.4 1.5
Household consumer expenditure 32,976 0.1 1.4
Public administration consumer expenditure (1) 9,625 0.6 2.3
Gross capital formation (2) 12,153 0.8 1.0
(GFCF) (Equipment goods and others) 6,806 0.5 -0.6
(GFCF) (Construction) 5,053 1.4 3.4
External balance (3) (4) 7,422 .. 0.7
Foreign balance (4) 3,805 .. 1.3
Total exports 24,025 4.3 3.1
Exports of goods and services 20,317 4.7 3.0
Foreign consumption in the territory 3,708 1.7 3.7
Total imports 20,220 0.1 -0.2
Imports of goods and services 19,087 -0.1 -0.6
National residents consumption abroad 1,133 2.4 7.2
Source: Idescat. Quarterly Accounts.
(1) Includes the expenditure consumption by non-profit making institutions at the service of households.
(2) Includes the gross fixed capital formation (GFCF) and the stock variation.
(3) Includes the foreign balance and the balance with the rest of Spain.
(4) The year-over-year variation in the volume of the balances is expressed as a contribution to the growth of the GDP.
(5) Data calculated by Idescat from information published by the INE, to facilitate comparability of the tables.
(..) Confidential data, low reliability or not available.
Gross Domestic Product. 2019 Benchmark revision. Demand. Seasonally adjusted data Spain. 2nd quarter 2019
Value at current prices (€M) Quarter-on-quarter variation in volume (%) Year-over-year variation in volume (%)
GDP 311,155 0.4 2.0
Domestic demand (5) 302,120 0.1 1.1
Household consumer expenditure 175,609 0.0 0.6
Public administration consumer expenditure (1) (5) 61,559 0.5 2.1
Gross capital formation (2) 64,952 0.0 1.2
(GFCF) (Equipment goods and others) (5) 30,560 -0.8 -0.8
(GFCF) (Construction) 31,505 0.5 2.9
External balance (4) (5) 9,035 .. 1.0
Total exports 108,367 1.7 2.2
Exports of goods and services (5) 93,890 2.2 2.2
Foreign consumption in the territory 14,477 -1.4 2.2
Total imports 99,332 0.9 -0.7
Imports of goods and services (5) 94,565 0.9 -1.0
National residents consumption abroad 4,767 0.7 6.6
Source: INE. Quarterly Spanish National Accounts.
Note: The data on Spain correspond to the 2019 Benchmark revision and were updated on 30 September 2019.
(1) Includes the expenditure consumption by non-profit making institutions at the service of households.
(2) Includes the gross fixed capital formation (GFCF) and the stock variation.
(3) Includes the foreign balance and the balance with the rest of Spain.
(4) The year-over-year variation in the volume of the balances is expressed as a contribution to the growth of the GDP.
(5) Data calculated by Idescat from information published by the INE, to facilitate comparability of the tables.
(..) Confidential data, low reliability or not available.

Last update: September 13, 2019. Revised series on September 30, 2019. Next update: December 12, 2019 Calendari

Statistics PIBT

Methodological note

Gross Domestic Product (GDP) measures the final result of the production activity of the production units in a territory. There are three vantage points for analysing GDP: supply, demand and income.

  1. From the standpoint of supply, GDP makes it possible to evaluate the contributions made by the different productive branches to the economy as a whole (gross value added of agriculture, industry, construction and services).
  2. In order to conduct the analysis from the standpoint of the end-use of goods and services produced (consumption, investment, external sector), GDP, calculated from the demand side, is used.
  3. Finally, from the income standpoint, GDP makes it possible to give a breakdown of the contribution made by the productive factors to production: compensation of wage-earners (labour), gross operating surplus (capital) and mixed income.

The variables included in the GDP from the perspective of demand are:

  • Household consumer expenditure.
  • Public administration consumer expenditure (which includes the non-profit institutions serving households consumer.
  • The gross capital formation (disaggregated between capital goods and other assets and construction, which also includes variation in stocks).
  • Exports and imports of goods and services.
  • The external balance (the result of the aggregation of the foreign balance and the balance with the rest of Spain).

The balances associated to foreign trade are presented as contributions and not as growth rates since the extent of their variations would distort the results and make them difficult to understand. Contributions to the growth of GDP are calculated by comparing the increase in each variable with its relative importance for the previous period.

The method for calculating real growth is based on a system where a year growth is linked to the structure, at current prices, from the previous year. This methodology option makes it possible to improve the calculation of variations in GDP volume, inasmuch as it avoids the problems related to the obsolescence of productive structures in a base year as it gets further away from the reference year.

The quarterly series should be considered provisional, both in Catalonia and in Spain, given that the required coherence between annual and quarterly estimates makes it necessary to modify at least the quarterly estimates, while the annual estimates are provisional.

The new quarterly GDP series is coherent with the Annual Economic Accounts in Catalonia Base 2010.

The quaterly series on Spain that are published correspond to the 2019 Benchmark revision implemented by the INE in its magnitudes of the Annual Spanish National Accounts. These new series have been drawn up upon the basis of the updates of the statistical sources and estimation methods, within a harmonized review project with Eurostat and the European Central Bank.

The series on the Quaterly Accounts, in coherence with the Annual Economic Accounts for Catalonia, will be reviewed in accordance with the current calendar (March 2020).