Gross Domestic Product. Supply

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.

Idescat draws up the statistical actions Quarterly GDP Advance and Quarterly Accounts of Catalonia and presents them integrated in the same series of quarterly accounts, while respecting the specific calendar of availability of results of each of them.

The quarterly series should be seen as provisional, both in Catalonia and in Spain, given that the required congruence 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 for Catalonia (2024 Benchmark revision).

The quarterly series of the 2024 Benchmark Revision, which replace those of the 2019 Benchmark Revision, have been compiled from the updating of statistical sources and estimation methods, within a methodologic framework promoted by Eurostat.

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