Explanatory Notes on Main Statistical Indicators

Gross Domestic Product(GDP)refer to the final products produced by all resident units in a country during a certain period of time.Gross domestic product is expressed in three different perspectives,namely value,income,and products respectively.GDP in its value perspective refers to the balance of total value of all goods and services produced by all resident units during a certain period of time,minus the total value of input of goods and services of the nature of non-fixed assets;in other words,it is the sum of the value-added of all resident units.GDP from the perspective of income refers to the sum of all kinds of revenue,including compensation of employees,net taxes on production,depreciation of fixed assets,and operating surplus.GDP from the perspective of products refers to the value of all goods and services for final demand by all resident units plus the net exports of goods and services during a given period of time.In the practice of national accounting,gross domestic product is calculated by three approaches,namely production approach,income approach and expenditure approach,which reflect gross domestic product and its composition from different angles.