Explanatory Notes on Main Statistical Indicators

Gross Domestic Product (GDP) refers to the final products at market prices produced by all reside nt units in a country (or a region) during a certain period of time. Gross domestic product is expressed in three differe nt forms, i.e. value, in come, and products respectively. GDP in its value form refers to the total valueof all goods and services produced by all reside nt units duri ng a certai n period of time, minus the total value of in put of goods and services of the n ature of non -fixed assets;in other term, it is the sum of the value-added of all reside nt units. GDP in the form of income in eludes the in come created by all resident units and distributed to reside nt and non-reside nt units. GDP in the form of products refers to the value of all goods and services for final consumption by all resident units minus the net exports of goods and services during a given period of time. In the practice of national accounting, gross domestic product is calculated with three approaches, i.e. production approach, income approach and expenditure approach, which reflect gross domestic product and its composition from different aspects.