Quarterly current GDP (production approach)

GDP measures the monetary value of final goods and services—that is, those that are bought by the final user—produced in a country in a given period of time (say a quarter or a year). It counts all of the output generated within the borders of a country.To determine “real” GDP, its nominal value must be adjusted to take into account price changes to allow us to see whether the value of output has gone up because more is being produced or simply because prices have increased. A statistical tool called the price deflator is used to adjust GDP from nominal to constant prices.

Data and Resources

Additional Info

Field Value
Last Updated August 31, 2020, 14:17 (GST)
Created August 30, 2020, 09:01 (GST)
End Year 2018
Latest Update 2018
Method Of Calculation Data is collected from local statistical centers, the central bank and the Ministry of Finance and classified according to the National Accounts System 2008-93 and ISIC4
Source Federal Competitiveness and Statistics Authority
Start Year 2012
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