National Gross Domestic Product (GDP) by Income and by Expenditure Accounts

Implicit price index of gross domestic product, expenditure-based, index

Implicit price index refers to price indexes that are a by-product of the deflation procedure and are obtained by dividing the value series (measured at current prices) by the volume series (measured at constant prices).

Gross domestic product, expenditure-based refers to the total unduplicated value of the goods and services produced in the economic territory of a country or region during a given period calculated based on the sum of expenditure on final consumption plus gross capital formation plus exports less imports. Gross domestic product, or GDP, is expressed at market prices, a valuation in terms of the prices actually paid by the purchaser after all applicable taxes and subsidies.

The data for this variable are reported using the following measurements:

• Index using the value of a base year made equal to 100
  Data tables

  • Price indexes, gross domestic product Table: 380-0066