Gross Domestic Product (Base 2010). Supply

Gross Domestic Product (Base 2010). Supply. Seasonally adjusted data Catalonia. 4th quarter 2017
Value at current prices (€M) Quarter-on-quarter variation in volume (%) Year-over-year variation in volume (%)
GDP 59,599 0.8 3.5
Gross value added 54,655 0.8 3.5
Agriculture 556 -0.1 -4.2
Industry 11,888 1.9 6.4
Construction 2,681 1.7 6.4
Services 39,530 0.4 2.6
Trade, transport and accomodation 13,663 0.0 1.5
Real state, professional and other activities 18,179 0.7 3.4
Public administration, education, health and social services 7,688 0.4 2.7
Net taxes on products 4,944 0.5 3.5
Source: Idescat. Quarterly Accounts (GDP).
Gross Domestic Product (Base 2010). Supply. Seasonally adjusted data Spain. 4th quarter 2017
Value at current prices (€M) Quarter-on-quarter variation in volume (%) Year-over-year variation in volume (%)
GDP 296,207 0.7 3.1
Gross value added (1) 268,392 0.7 3.0
Agriculture 7,925 -1.1 2.0
Industry 48,668 1.8 4.6
Construction 15,653 1.5 5.4
Services 196,146 0.4 2.5
Trade, transport and accomodation 62,881 0.3 2.9
Real state, professional and other activities (1) 84,357 0.4 2.7
Public administration, education, health and social services 48,908 0.5 1.6
Net taxes on products 27,815 0.6 3.7
Source: INE. Quarterly Spanish National Accounts.
(1) Data calculated by Idescat from information published by the INE, to facilitate comparability of the tables.

Date published: March 15, 2018. Next update: June 14, 2018 Calendari

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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 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, financial and other services; Public adm., education, health and social services; Real state, professional and other activities).
  • Gross value added
  • Net taxes on products.

The method for calculating growth in volume terms 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 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 in Catalonia base 2010.

Available tables [+]

See also

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