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Gross Domestic Product. 2019 Benchmark revision. Demand

Gross Domestic Product. 2019 Benchmark revision. Demand. Seasonally adjusted data Catalonia. 2nd quarter 2020
Value at current prices (€M) Quarter-over-quarter variation in volume (%) Year-over-year variation in volume (%)
GDP 49,504 -16.9 -21.3
Domestic demand 43,675 -15.5 -19.7
Household consumer expenditure 23,603 -20.7 -26.3
Final consumption expenditure by government (1) 10,727 1.5 5.3
Gross capital formation (2) 9,345 -17.3 -22.7
(GFCF) (Equipment goods and others) 5,141 -16.8 -22.2
(GFCF) (Construction) 3,845 -19.4 -26.2
External balance (3) (4) 5,829 .. -4.3
Foreign balance (4) 2,650 .. -4.4
Total exports 15,878 -30.1 -37.7
Exports of goods and services 15,695 -18.1 -26.1
Foreign consumption in the territory 183 -95.0 -95.8
Total imports 13,228 -26.7 -33.6
Imports of goods and services 13,097 -23.0 -30.2
National residents consumption abroad 131 -87.4 -88.7
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 2020
Value at current prices (€M) Quarter-over-quarter variation in volume (%) Year-over-year variation in volume (%)
GDP 244,877 (a) -18.5 (a) -22.1 (a)
Domestic demand (5) 244,309 (a) -16.6 (a) -19.8 (a)
Household consumer expenditure 130,817 (a) -21.2 (a) -25.7 (a)
Final consumption expenditure by government (1) (5) 64,364 (a) 0.4 (a) 3.4 (a)
Gross capital formation (2) 49,128 (a) -21.9 (a) -25.8 (a)
(GFCF) (Equipment goods and others) (5) 24,045 (a) -19.7 (a) -22.7 (a)
(GFCF) (Construction) 22,581 (a) -25.0 (a) -30.9 (a)
External balance (4) (5) 568 (a) 0.0 (a) -2.9 (a)
Total exports 67,154 (a) -33.5 (a) -38.6 (a)
Exports of goods and services (5) 66,258 (a) -26.4 (a) -30.1 (a)
Foreign consumption in the territory 896 (a) -91.6 (a) -93.7 (a)
Total imports 66,586 (a) -28.8 (a) -33.1 (a)
Imports of goods and services (5) 66,100 (a) -26.0 (a) -30.3 (a)
National residents consumption abroad 486 (a) -88.5 (a) -89.8 (a)
Source: INE. Quarterly Spanish National 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.
(a) Advanced data.

Last update: July 31, 2020. Revised series on September 10, 2020. Next update: November 5, 2020 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 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 in Catalonia, 2019 Benchmark revision.

Les sèries trimestrals 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.