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GDP. By components of the demand. Variation in volume

Gross Domestic Product. By components of the demand. Variation in volume Catalonia. 2024 (p)
Value Variation (%)
GDP 3.6 38.5
Domestic demand 3.8 90.0
Household consumer expenditure 3.5 118.8
Public administration consumer expenditure (1) 5.3 -7.0
Gross capital formation (2) 3.2 -740.0
(GFCF) (Capital goods and others) 4.8 -580.0
(GFCF) (Construction) 2.5 -19.4
External balance (3) (4) 0.4 -55.6
Foreign balance (4) -0.1 -111.1
Total exports 1.8 -57.1
Exports of goods and services 0.4 -80.0
Foreign consumption in the territory 11.0 -48.4
Total imports 2.7 3.8
Imports of goods and services 2.2 -8.3
National residents consumption abroad 11.8 51.3
Units: Percentage.
Source: Idescat. Annual Economic Accounts for Catalonia. 2024 Benchmark Revision.
(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 trade balance and the trade balance with the rest of Spain.
(4) The annual variation in the volume of the balances is expressed as a contribution to the growth of the GDP.
(p) Provisional data.

Last update: March 20, 2025.

Methodological note

Definition of concepts

Consumption by public administrations
Expenditure by public administrations to satisfy collective needs.
Household consumption
Expenditure by households to satisfy individual needs. Does not include, therefore, the value of goods and services consumed by households but financed by other institutional sectors such as public administrations.
Domestic demand
Variable resulting from adding end consumption and the gross capital formation. It includes the part of the total demand that is produced and destined to the units that act on the territory.
Export and import of goods abroad
Includes all goods that leave or enter the territory that are of foreign destination or origin, and also all services provided between resident and non residents units, such as transport, insurance and those associated with tourism.
Gross capital formation or investment
Value of the durable goods acquired by production units for use for more than one year in production processes. This variable groups three components: investment in construction, investment in equipment assets and inventory variation. Adding the two former items constitutes gross fixed capital formation.
Gross domestic product (GDP)
Valuation of the final result of the production activity of a territory. It is calculated on the basis of the total production of goods and services, subtracting intermediate consumption and adding net taxes applied to products.
Exterior trade balance
Difference between current export and import operations of goods and services between Catalonia and the rest of the world. It is a combination of the external trade balance and the balance with the rest of Spain.

Methodological aspects

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. 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 added value of agriculture, industry, construction and services). In order to conduct the analysis from the standpoint of the end-use of the goods and services produced (consumption, investment, external sector), GDP calculated from the demand side is used. 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 that are included in the GDP in terms of supply are the following:

  • Agriculture (which includes agriculture, animal, forestry and fishing).
  • Industry and manufacturing industry.
  • Construction.
  • Services (branches of NACE 2009 revisión 2. G, H and I: Trade,accommodation and food service activities, financial and other services; Public adm., education, health and social services; Real state, professional and other activities).
  • Gross value added.
  • Net taxes on products.

For further information about these statistics, you may check the methodology.