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Gross Domestic Product. 2019 Benchmark revision. Demand

Gross Domestic Product. 2019 Benchmark revision. Demand Catalonia. 2020
Value at current prices (M€) Variation in volume (%)
GDP 224,125 -11.5
Domestic demand 196,660 -9.5
Household consumer expenditure 112,308 -12.5
Final consumption expenditure by government (1) 43,406 5.1
Gross capital formation (2) 40,946 -13.6
(GFCF) (Equipment goods and others) 23,169 -11.5
(GFCF) (Construction) 17,146 -14.7
External balance (3) (4) 27,466 -3.3
Foreign balance (4) 11,748 -3.0
Total exports 76,007 -22.6
Exports of goods and services 72,858 -11.5
Foreign consumption in the territory 3,149 -80.1
Total imports 64,259 -18.7
Imports of goods and services 62,721 -15.7
National residents consumption abroad 1,538 -67.0
Source: Idescat. Annual Economic Accounts for Catalonia.
(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 annual variation in the volume of the balances is expressed as a contribution to the growth of the GDP.
Gross Domestic Product. 2019 Benchmark revision. Demand Spain. 2020
Value at current prices (M€) Variation in volume (%)
GDP 1,121,948 -10.8
Domestic demand (5) 1,105,420 -8.9
Household consumer expenditure 615,416 -12.2
Final consumption expenditure by government (1) (5) 257,860 3.1
Gross capital formation (2) 232,144 -11.4
(GFCF) (Equipment goods and others) (5) 108,675 -9.5
(GFCF) (Construction) 118,924 -9.6
External balance (4) (5) 16,528 -2.2
Total exports 343,551 -20.1
Exports of goods and services (5) 329,602 -11.5
Foreign consumption in the territory 13,949 -76.0
Total imports 327,023 -15.2
Imports of goods and services (5) 320,554 -12.5
National residents consumption abroad 6,469 -66.7
Source: INE. Annual Spanish National Accounts.
Note: Data for Spain were updated on 17 september 2021.
(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 annual 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.

Last update: March 19, 2021. Revised series on September 17, 2021.

Statistics PIBA

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 the 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 annual estimates based on 2019 Benchmark revision and its supply, demand and income components are final for the 2000–2016 period and the estimates of later years are provisional, therefore they are susceptible to be revised. The estimates of 2018 and 2019 are advances taken from short-term indicators.

Aquestes estimacions de la Revisió Estadística 2019, que substitueixen les de la Base 2010, s’han elaborat a partir de l’actualització de les fonts estadístiques i dels mètodes d’estimació, dins d’un projecte de revisió impulsada per Eurostat i el Banc Central Europeu.

You can get more information about these statistics in the methodology.