Measurement of Gross Domestic Product (GDP)

Production Approach

     Gross Output
less:
      Intermediate Inputs
equals:
      Gross Value Added (GVA)

Expenditure Approach

      Personal Consumption Expenditure
plus:
      Government Consumption Expenditure
plus:
      Gross Domestic Capital Formation
plus:
      Exports
less:
      Imports
equals:
      Expenditure on Gross Domestic Product

Income Approach

     Compensation of Employees
plus:
     Depreciation
plus:
     Indirect Taxes - Subsidies
plus:
     Net Operating Surplus
equals:
     Gross Domestic Product